Bank of Maharashtra Management Guidance Tracker

12 forward-looking guidance items tracked across 3 quarters.

Margins

Q2 FY26NIM guidance of 3.75% for FY26Active

Management expects NIM to remain around 3.75% for the full year, with potential stabilization as deposits reprice.

Q2 FY26Credit cost below 1%Active

Management guided to maintain credit cost below 1% on a sustainable basis, including ECL impact.

Q3 FY26NIM to be maintained at ~3.75%Active

Management targets NIM around 3.75% despite rate cuts, supported by MCLR repricing and cost management.

Q3 FY26Cost-to-income below 40%Active

Despite branch expansion, management expects to maintain cost-to-income below 40%; current level is 37.19%.

Q4 FY26NIM guidance of 3.75% for FY27Tracked

Net interest margin expected to be 3.75% for the full year.

Q4 FY26ROA guidance of 1.80% for FY27Tracked

Return on assets guided at 1.80%, up from 1.75% in FY26.

Expansion

Q2 FY26Branch expansion: 321 branches in 18 monthsTracked

The bank plans to open 321 new branches in 18 months, primarily outside Maharashtra, targeting high-growth pin codes.

Growth

Q2 FY26GIFT IBU target of $1 billion book in 12 monthsTracked

Management aspires to grow the GIFT IBU book to $1 billion in the next 12 months, with a profitable business model.

Q3 FY26Deposit growth guidance of 14% YoY for FY26Active

Management confirmed achieving 14% deposit growth target for the full year, despite Q3 YTD growth of 4.73%, citing Q4 seasonal inflows and strategic focus on low-cost deposits.

Q4 FY26Advances growth of 18% for FY27Tracked

Total business to grow 16-17%, with advances at 18% and deposits at 14-15%.

Other

Q3 FY26Gross NPA below 2%, Net NPA below 0.25%Active

Asset quality guidance reiterated; current gross NPA 1.60% and net NPA 0.15% are well within targets.

Q4 FY26GNPA to remain below 2%, NNPA below 0.25%Tracked

Asset quality guidance: gross NPA under 2%, net NPA under 0.25%, slippage below 1%.