Mumbai/Pune, India — April 20, 2026
State-owned Bank of Maharashtra reported a robust 35% year-on-year rise in net profit for the fourth quarter of FY2025–26, driven by strong core income growth and a decline in bad loans.
The Pune-headquartered lender posted a net profit of ₹2,014 crore for the January–March quarter, compared to ₹1,493 crore in the same period last year, according to a regulatory filing released on Monday.
Strong Income Growth Boosts Performance
The bank’s total income increased significantly to ₹8,693 crore, up from ₹7,711 crore a year ago. Interest income also rose to ₹7,755 crore, compared to ₹6,731 crore in the corresponding quarter of the previous fiscal.
Net Interest Income (NII), a key indicator of a bank’s core earnings, grew by 19% to ₹3,702 crore, supported by healthy credit expansion and improved asset quality.
Loan and Deposit Growth
The bank recorded a 22% growth in advances, with total loans reaching ₹2.92 lakh crore by the end of March 2026. This strong credit demand played a crucial role in boosting earnings.
Deposits also showed steady growth, rising 14% to ₹3.50 lakh crore, compared to ₹3.07 lakh crore in the same quarter last year.
Management Commentary and Capital Plans
Commenting on the results, Managing Director and CEO Nidhu Saxena said the bank’s board has approved plans to raise ₹7,500 crore in the current financial year through a mix of equity and debt.
Out of the total, ₹5,000 crore will be raised via equity, while the remaining ₹2,500 crore will come from debt instruments.
Additionally, the board has approved raising ₹10,000 crore through infrastructure bonds, signaling a strategic push toward infrastructure financing, one of the bank’s key focus areas.
The bank also plans to raise $500 million through its GIFT City branch to support global business expansion.
Growth Outlook
Looking ahead, the bank remains optimistic about its growth trajectory. Management expects:
- Overall business growth: ~18%
- Loan growth: 16–17%
- Deposit growth: 14–15%
The outlook reflects continued confidence in credit demand and the bank’s expanding operational footprint.
