Latest news with #BankofMaharashtra
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Business Standard
15-07-2025
- Business
- Business Standard
Bank of Maharashtra Q1 profit up 23.2% at ₹1,593 cr on healthy NII growth
Public sector lender Bank of Maharashtra reported a 23.2 per cent year-on-year rise in net profit to ₹1,593 crore for the April–June quarter, mainly aided by healthy growth in net interest income (NII). NII expanded 17.6 per cent to ₹3,292 crore in Q1FY26 compared to ₹2,799 crore in the same quarter a year ago (Q1FY25). Net interest margin (NIM) moderated to 3.95 per cent in Q1FY26 from 3.97 per cent in Q1FY25. Nidhu Saxena, Managing Director and Chief Executive Officer of BoM, said the bank expects NIM to be around 3.75 per cent for FY26. The NIM for Q1FY26 is above the bank's guidance for FY26. Separately, the bank, in its analyst presentation, flagged risks, stating that falling interest rates could impact net interest margins. The bank's non-interest income declined by 8 per cent YoY to ₹825 crore in Q1FY26. Provisions for non-performing assets (NPAs) rose marginally to ₹719 crore in Q1FY26 from ₹586 crore in Q1FY25. There was an increase in slippages from the agricultural loan portfolio in the June quarter. The bank has been able to upgrade agri NPAs worth ₹270 crore as of July, Saxena said in a post-result virtual press meet. Provisions for agri NPAs pushed up the credit cost to 1.19 per cent in Q1FY26 from 1.12 per cent in the March quarter of FY24. Agricultural NPAs rose to 9.65 per cent in June 2025 from 7.88 per cent in June 2024. Advances grew 15.34 per cent YoY to ₹2.41 trillion in Q1FY26. Retail advances grew by 35.37 per cent YoY to ₹71,966 crore in the June quarter of FY26. Through its GIFT City branch, the bank expects to build a book of $1 billion. Total deposits increased 14.08 per cent YoY to ₹3.05 trillion. The share of low-cost deposits—current account and savings account (CASA)—improved to 50.07 per cent at the end of June 2025 from 49.86 per cent a year ago. The bank has board approval to raise up to ₹10,000 crore through infrastructure bonds, which are exempt from meeting Cash Reserve Ratio and Statutory Ratios. The credit-deposit ratio (C/D ratio) stood at 79.04 per cent in the June quarter of 2025, up from 78.17 per cent a year ago. The bank's asset quality improved, with gross NPAs declining to 1.74 per cent in June 2025 from 1.85 per cent in June 2024. Net NPAs also declined from 0.18 per cent in June 2024 to 0.20 per cent in June 2025. The provision coverage ratio (PCR), including written-off accounts, stood at 98.36 per cent in June 2025, the same level as in June 2024. The bank's capital adequacy stood at 20.06 per cent, with Tier-1 capital at 16.63 per cent at the end of June 2025. Although the bank has board approval for an equity offering of ₹5,000 crore, there are no firm plans for capital raising at present. The Pune-based lender's shares ended 2 per cent higher, closing at ₹57.20.
Time of India
15-07-2025
- Business
- Time of India
Bank of Maharashtra Q1 profit rises 23% YoY to Rs 1,593 crore
Bank of Maharashtra on Tuesday reported a 23% year-on-year rise in net profit at Rs 1,593 crore for the first quarter of the fiscal, helped by lower provisions and steady business expansion. Its asset quality remained stable. Its net profit was Rs 1,293 crore in the year ago period. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Lifetime Office 365 Download Undo The bank's net interest margin (NIM) for the quarter stood at 3.95% as compared with 4.01% in the preceding quarter and 3.97% in the year ago period. "The NIM contracted due to the reduction in lending rates. We are trying to protect the NIM by managing the liability side of our business," managing director Nidhu Saxena said after announcing the quarterly numbers. The Pune-headquartered lender's operating profit rose 12% year-on-year at Rs 2,570 crore. Total income in the quarter under review stood at Rs 7,879 crore against Rs 6,769 crore in the year-ago period. Net interest income rose 17.6% at Rs 3,292 crore. Live Events It has made lower provisions and contingencies at Rs 86742 crore during the quarter as compared with Rs 95047 crore. Provisions to cover bad loans however stood higher at Rs 71903 crore against Rs 58639 crore. The bank's gross non-performing assets ratio remained steady at 1.74% at the end of June, little changed from three months ago. The ratio however improved from 1.85% a year-ago, despite the bank recording higher slippages of Rs 727 crore against Rs 592 crore over the same period, largely due to stress in agricultural loan. "Recovery and upgradation helped to reduce the NPA ratio," Saxena said. BoM's advances grew 15.34% year-on-year to Rs 2.41 lakh crore, even as the banking sector's average credit growth remained in single digit in the first three months of the fiscal. The bank is projecting a 17% expansion in advances for FY26. The bank is planning to raise Rs 10,000 crore in infrastructure bonds this fiscal. The state-owned lender also has board approval to raise Rs 5000 crore in equity and Rs 2,500 crore in debt. "We are engaging foreign and local investors. But the capital raising plan has not been firmed up yet," Saxena said.
Business Standard
15-07-2025
- Business
- Business Standard
Bank of Maharashtra consolidated net profit rises 16.16% in the June 2025 quarter
Total Operating Income rise 20.07% to Rs 7053.98 croreNet profit of Bank of Maharashtra rose 16.16% to Rs 1504.37 crore in the quarter ended June 2025 as against Rs 1295.09 crore during the previous quarter ended June 2024. Total Operating Income rose 20.07% to Rs 7053.98 crore in the quarter ended June 2025 as against Rs 5874.68 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% Operating Income7053.985874.68 20 OPM %65.7760.01 -PBDT1702.991344.10 27 PBT1702.991344.10 27 NP1504.371295.09 16 Powered by Capital Market - Live News
Business Standard
15-07-2025
- Business
- Business Standard
Bank of Maharashtra gains after Q1 PAT rises 23% YoY; clocks NIM of 3.95%
Bank of Maharashtra rose 1.66% to Rs 56.99 after the bank reported 23% increase in net profit to Rs 1,593 crore on a 16% rise in total income to Rs 7,879 crore in Q1 FY26 as compared with Q1 FY25. Net Interest Income (NII) grew by 17.60% on YoY basis to Rs 3,292 crore in Q1 FY26 as against Rs 2,799 crore for Q1 FY25. Net interest margin (NIM) stood at 3.95% as on 30 June 2025. Operating profit of the bank for the June25 quarter was Rs 2,570 crore, up 12% YoY. Provision & contingencies other than taxes declined by 9% to Rs 867 crore in Q1 FY26 from Rs 951 crore in Q1 FY25. Profit before tax in Q1 FY26 stood at Rs 1,703 crore, up by 27% from Rs 1,343 crore in Q1 FY25. Gross NPA improved to 1.74% as on 30 June 2025 against 1.85% as on 30 June 2024. The same was at 1.74% as on 31 March 2025. Net NPA improved to 0.18% as on 30 June 2025 against 0.20% as on 30 June 2024 and 0.18% as on 31 March 2025. Provision coverage ratio stood at 98.36% as on 30 June 2025. Gross advances grew by 15.34% on YoY basis to Rs 241,097 crore in Q1 FY26 as against Rs 209,031 crore in Q1 FY25. Deposits jumped 14.07% YoY to Rs 267,416 crore in Q1 FY26. Total Basel-III capital adequacy ratio improved to 20.06% with common equity tier-1 ratio of 15.62 % for Q1 FY26. Bank of Maharashtra is engaged in providing banking services. The bank's segments include treasury, corporate/wholesale banking, retail banking, and other banking operations. The Government of India held a 79.60% stake in the bank as of 30 June 2025.
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Business Standard
15-07-2025
- Business
- Business Standard
Bank of Maharashtra shares rise 3% on posting Q1 results; check details
Bank of Maharashtra share price today: Shares of Bank of Maharashtra were in focus today, July 15, 2025, with the scrip rising nearly 3 per cent to hit an intraday high of ₹57.64 per share. At 2 PM, Bank of Maharashtra shares were quoting at ₹57.13, up 1.87 per cent compared to the previous day's close of ₹56.08. In comparison, the benchmark NSE Nifty50 index was trading at 25,177.75 levels, up 93.65 points or 0.37 per cent. The stock has recovered around 37 per cent from its 52-week low of ₹42 touched on April 7, 2025. The bank's total market capitalisation stood at ₹42,872.63 crore. Here's why Bank of Maharashtra shares are rising today Bank of Maharashtra's share price increased on Tuesday after the bank posted upbeat numbers for the June quarter of the financial year 2025-26 (Q1FY26). The public sector lender's net interest income (NII) increased by 18 per cent to ₹3,292 crore compared to ₹2,800 crore in the year-ago period. Net profit for the reported quarter jumped 23 per cent to ₹1,593 crore from ₹1,293 crore in the corresponding quarter of the previous fiscal. However, the bank's asset quality remained unchanged on a sequential basis. Gross non-performing assets (NPA) stood at 1.74 per cent while net NPA came in at 0.18 per cent. Provisions for the reported quarter came in at ₹867.41 crore compared to ₹983.29 crore in the March 2025 quarter (Q4FY25). The bank's net interest margins (NIM) stood at 3.95 per cent, down from 4.01 per cent in Q4FY25. Total slippages for the quarter stood at ₹727 crore at the end of the June quarter, compared to ₹660 crore in the March quarter. About Bank of Maharashtra Bank of Maharashtra is a public sector bank (PSB) based in Maharashtra. It offers personal banking, cash management, retail loans and other financial services. Their services include deposits, savings/current bank accounts, vehicle loans, personal loans, retail trade finance, global banking, lending to priority sector and small-scale sectors, foreign exchange, export finance, corporate loans and equipment loans. The bank also has one subsidiary, "The Maharashtra Executor & Trustee Company", which undertakes the management of public/ private trusts and the administration or execution of a Will. They also sponsored three Regional Rural Banks (RRBs), namely Aurangabad Jalna Gramin Bank, Thane Gramin Bank and Marathwada Gramin Bank, with head offices at Aurangabad, Thane and Nanded, respectively. Bank of Maharashtra was incorporated on September 16, 1935 and started its business on February 8, 1936.
