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Agriculture NPA elevation
View Risks →Bank of Maharashtra — Q2 FY26
Bank of Maharashtra reported a strong Q2 FY26 with net profit rising 23% YoY to ₹1,633 crore and operating profit up 17% to ₹2,500 crore.
bullish
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Bank of Maharashtra reported a strong Q2 FY26 with net profit rising 23% YoY to ₹1,633 crore and operating profit up 17% to ₹2,500 crore. NII grew 16% YoY, while NIM remained healthy at 3.85% despite rate cuts. Asset quality improved with gross NPA declining to 1.72% and net NPA to 0.18%, supported by a provision coverage ratio of 98.34%. The bank is executing an aggressive branch expansion plan (321 branches in 18 months) outside Maharashtra, targeting high-growth regions. Management guided for NIM of 3.75% and credit cost below 1%. Key risks include elevated agriculture NPAs due to rebalancing and potential ECL provisioning impact of ₹100-125 crore per quarter from FY27.
बैंक ऑफ महाराष्ट्र ने दूसरी तिमाही में अच्छा प्रदर्शन किया। शुद्ध लाभ 23% बढ़कर ₹1,633 करोड़ हो गया। परिचालन लाभ 17% बढ़कर ₹2,500 करोड़ रहा। ब्याज आय 16% बढ़ी और ब्याज मार्जिन 3.85% पर मजबूत रहा। कर्ज की गुणवत्ता में सुधार हुआ - फंसे कर्ज का अनुपात 1.72% और शुद्ध फंसे कर्ज 0.18% रहा। बैंक ने 18 महीनों में 321 नई शाखाएं खोलने की योजना बनाई है। प्रबंधन ने ब्याज मार्जिन 3.75% और कर्ज लागत 1% से कम रहने का अनुमान दिया है। मुख्य जोखिम कृषि कर्ज में बढ़ोतरी और वित्त वर्ष 2027 से हर तिमाही ₹100-125 करोड़ का अतिरिक्त प्रावधान है।
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Read Transcript →Quarter Snapshot
Gross NPA
1.72%
-74bps YoY
Gross NPA improved from 2.46% in Sep'24 to 1.72% in Sep'25.
Net NPA
0.18%
-10bps YoY
Net NPA declined from 0.28% in Sep'24 to 0.18% in Sep'25.
CASA Ratio
50.35%
+150bps YoY
CASA ratio improved to 50.35% despite industry decline, driven by 15% CASA growth.
Gold Loan Growth
47%
+47% YoY
Gold loan portfolio grew 47% YoY, reflecting strong traction in retail segment.
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Guidance and risk preview
Management expects NIM to remain around 3.75% for the full year, with potential stabilization as deposits reprice.
Agriculture GNPA has risen to nearly 10% due to rebalancing and RBI classification changes; management expects normalization in 1-2 quarters.
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