Net profit for the period increased by 15% from last year to ₹2,014 crore. Net profit during the same quarter last year stood at ₹1,493 crore.
Net Interest Income (NII) or core income earned by the bank stood at ₹3,702.5 crore, which is a growth of 19%, compared to the ₹3,116.4 crore figure it reported during the same quarter last year.
Bank of Maharashtra‘s asset quality improved from the December quarter. Gross Non-Performing Assets (GNPA) improved to 1.45% from 1.6% in December, while Net NPAs improved to 0.13% from 0.15% last quarter.
The bank has also recommended a final dividend of ₹
1.20 per equity share for FY26, which is subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the bank.
This is in addition to the interim dividend of ₹1 per equity share declared on January 13, 2026 and paid during the financial year.
Bank of Maharashtra biz update
Bank of Maharashtra had shared its business update for the March quarter on April 6, where its total deposits grew by 14% year-on-year to ₹3.5 lakh crore, while total business was up by 18% from the year-ago period to ₹6.42 lakh crore.
Global advances grew by 22% from last year to ₹2.92 lakh crore, wherein RAM advances were up 21%, and Corporate Advances (domestic) grew by 17%.
Domestic CD ratio though, rose to 82% from 78% last year.
Shares of Bank of Maharashtra are near the highest point of the day after the results, currently trading 4.29% higher at ₹75.85. The stock is up nearly 20% so far this year.
First Published: Apr 20, 2026 3:15 PM IST
