Bank of Maharashtra — Q3 FY26
Bank of Maharashtra reported its highest-ever quarterly net profit of ₹179 crore for Q3 FY26, with 9-month PAT exceeding ₹5,005 crore.
bullish
high
✓ Verified against BSE filing
Claim Ledger
Did management answer the analysts?
Every material analyst question, graded on whether management actually answered it — with the verbatim exchange and quantitative claims checked against filed numbers.
91%Questions answered0Evaded / deflected11Questions audited
Answered
High priority
How will the bank bridge the deposit growth gap to achieve 14% target?
Asked by Ashok Amera, ASCON
Management affirmed the 14% deposit growth target and explained strategies including refinance and CASA focus.
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Question
if you look at the 9 months growth in the deposits it is only 4.73% ... we'll have to raise the deposit of almost about 29 30,000 crores to reach the target of that 14% of the deposit. So just like in the previous year you have achieved that this year too are you confident of achieving this gap or bridging this gap of about 9% for the whole year.
Nidhusar (MD & CEO)
the deposit guidance that we have kept is 14% which will be maintained. ... we have gone for almost 14 15,000 crores of refinance transactions ... at a blended rate of six 6 and a half% which have been quite beneficial ... I will have no element of doubt that 14% that objective is in mind will not be achieved.
Answered
High priority
How will the bank offset treasury losses in the remaining quarter?
Asked by Ashok Amera, ASCON
Management explained the treasury loss was due to a one-time amalgamation charge, and core treasury profit was positive.
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Question
if you look at the treasury side I think in this quarter we have suffered the profit on the investment I mean the loss of about 180 cr as compared to the profit of 99 cr in the last quarter ... how do we see ourself going and making at least the offsetting this some of the treasury losses which have taken place or rather coming into the profit which adds to the overall profit of the banks and make it more profitable.
Nidhusar (MD & CEO)
there is a one of 290 crores of Maharasha Grammine Bank and Vid Kungan Grammine Bank amalgamation which has resulted in this 290 crores of one-time hit and if you exclude that treasury also will be seen quarterly profit of around 115 crores 112 crores
Partial answer
Medium priority
Why did retail segment profit jump so sharply quarter-on-quarter?
Asked by Ashok Amera, ASCON
Management cited growth rates and co-lending but did not directly explain the large sequential profit increase.
did not explain the specific jump from 673 to 150 crores
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Question
in the retail book our profit has gone up to 1,50 crores as against 673 crores in the last quarter ... almost about 400 cr wholesale book is also little bit better from 80 to 802. So is there any recomposition ... what is the reason for such a segment wise such a high jump in the retail profitability sir.
Nidhusar (MD & CEO)
the main elements in the retail segments ... home loans are experiencing a year-on-year growth of 28% vehicle ... has grown at 54% gold itself is growing at 56%. And we have also entered into co-ending partnerships ... where we have got good pricing for this business that has entered the bank.
Answered
Medium priority
Are the higher slippages this quarter a one-off or a trend?
Asked by Ashok Amera, ASCON
Management stated slippage ratio is stable at 1.2% and not alarming, implying it's normal course.
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Question
our slippages this quarter has gone up little high little higher at the 700 and almost 750 crores as compared to range of 650 to 700 crores. So is it is there any oneoff this thing of 100 to 100 200 cr or it is an common normal things in the quarter which is going to be followed in the coming quarter too sir.
Nidhusar (MD & CEO)
if you look at the ratio our advanced book is increasing in terms of percentage it is 1.2%. The same was the figure last year and even one year back also we were around this range only. So there is nothing alarming that is solved in the usual course of business.
Answered
Low priority
What was the impact of new labor codes on the bank?
Asked by Mahuk Arjania, Nwama
Management provided a specific small number (33 lakhs) and deemed it insignificant.
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Question
it's fair to say that you had absolutely no impact from the new labor codes. Is that my first question.
Nidhusar (MD & CEO)
we have done our assessments. It is very small amount around 33 lakhs is the figure ... keeping into account our contractual employees, our regular employees and that is a number which is very insignificant and needs no discussion
Answered
High priority
Does management foresee regulatory action on rising LDR?
Asked by Mahuk Arjania, Nwama
Management stated no regulatory action or nudge so far and gave their LDR guidance.
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Question
the LDR has shot up and that's true of the system. ... Do you foresee any regulator action or soft nudge from the regulator given that the system LDR is rising so much and it's already above the comfort level of 80% that has been historically the case.
Nidhusar (MD & CEO)
the LDR in my case we are keeping a guidance of maintaining around 8384 in the present circumstances ... there is no major challenge there is no prescription from the regulator. We all know that so far no soft nudge also
Answered
Medium priority
What are the home loan rate for best customers and average yield on gold loans?
Asked by Mahuk Arjania, Nwama
Management provided specific rates: 7.1% for best home loan customers and ~9% yield on gold loans.
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Question
what is your home loan rate right now for your prime or your best customers and what would be your average yield on gold loans?
Nidhusar (MD & CEO)
we charge 7.1 for our loan borrowers but then this rate is again not available to all. ... we are getting a yield of almost 9% around in our gold portfolio
Answered
High priority
Why has yield on advances declined and what is the guidance?
Asked by Rohit Priyadi, Mthal Analytics
Management explained the decline due to rate cuts and repo-linked portfolio, and gave NIM guidance of 3.75%.
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Question
if you look at our yield advances, it has been reducing from 9.27% last December to 8.92% this December. So could you please explain the key reasons behind this decline? ... and what will be our yield guidance for the coming quarters?
Nidhusar (MD & CEO)
the yield on advances is standing at 8.95%. ... there has been 125 bips rate cut from the regulator ... around 40% 42% of portfolio is linked to the repo ... We don't have a guidance on advances. We have a guidance on NIM. We are targeting to maintain at about 3.75 and we will maintain it.
Partial answer
Medium priority
How focused is the bank on MSME loans and what yields can be expected?
Asked by Rohit Priyadi, Mthal Analytics
Management discussed growth and pricing power but did not quantify expected yields or impact on overall yield.
no specific yield guidance for MSME
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Question
how focused are we on increasing the MSME loan book and what kind of yields can we expect from here? And since I believe MSME usually give higher yield. So do you see this helping our overall yield improvement going forward?
Nidhusar (MD & CEO)
MSME we will keep trying to grow ... we have been growing double digit high double digit I would say ... we are able to command some premium in pricing also which a customer is happily paying to the bank. 20 25 bits don't matter if their requirements are expeditiously seen and met.
Answered
High priority
What is the quantum of MSME dispensation requests from export units?
Asked by Jay Praash Mundra, ICIC securities
Management provided a specific figure of 5,000 crores for MSME dispensation requests.
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Question
during the quarter RBI had opened the window for MSME dispensation to the export unit. What would be the quantum sir if we would have received any request for moratorium from export customers.
Nidhusar (MD & CEO)
total amount for the MSME for this compensation whatever the RBI guidelines has come it is around 5,000 K okay and it is already we are started the process and it is undergoing
Answered
Medium priority
What is the Q3 LCR and net impact of new LCR requirements?
Asked by Jay Praash Mundra, ICIC securities
Management provided Q3 LCR number (116.36) and estimated net positive impact of 3% from new requirements.
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Question
what was the LCR at the end of quarter 3 and as we move into April 1st ... how do you see the net net impact ... would it be net impact positive or net impact negative.
Nidhusar (MD & CEO) and CRO
LCR for Q3 is 116.36 ... we are keeping a internal guidance for us to maintain LCR between 115 to 120. ... net positive impact on the banks are around 3%.
Answered
High priority
What proportion of term deposits are yet to be repriced at lower rates?
Asked by Ashes Sonj, Kotek Securities
Management gave a specific range (18-20%) for term deposits yet to be repriced.
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Question
can you share what is the proportion of your term deposits which are yet to be fully repriced at the lower rate?
Nidhusar (MD & CEO)
some more if 18 to 20% is likely to be repriced during this quarter is what is coming up.