CASA Ratio
52.51%
Flat YoY
CASA ratio maintained above 50% despite deposit competition; CASA grew 12% YoY.
BANKOFMAHARASHTRA
Financial Services
22 Apr 2026
Bank of Maharashtra Ltd — Q4 FY26
Bank of Maharashtra delivered a strong Q4 FY26, with net profit surging 27% YoY to ₹7,019 crore, driven by robust loan growth of 22% YoY and stable NIM of 3.91% (full year).
Financial stats pending filing verification
2-Minute Summary
✦ AI-Generated from Full Transcript
Bank of Maharashtra delivered a strong Q4 FY26, with net profit surging 27% YoY to ₹7,019 crore, driven by robust loan growth of 22% YoY and stable NIM of 3.91% (full year). Asset quality improved further with GNPA at 1.45% (down 29bps YoY) and NNPA at 0.13%. Management met all 18-19 guidance parameters set at the start of the year. Key growth drivers included retail (home loans +29%, vehicle +56%, gold +53%) and corporate lending in renewable energy and infrastructure. The bank created a ₹200 crore geopolitical uncertainty provision proactively. Guidance for FY27 includes advances growth of 18%, NIM of 3.75%, and ROA of 1.80%. Risk: Prolonged West Asia crisis could stress MSME and agri portfolios, with impact visible from Q2.
Key Numbers
Gross NPA Ratio
1.45%
-29bps YoY
Asset quality improved; GNPA down both in absolute and percentage terms.
Net NPA Ratio
0.13%
-5bps YoY
Net NPA at historic low, well within guidance of 0.25%.
Gold Loan Growth
53% YoY
+53pp YoY
Gold loan book reached ₹24,000 crore; co-lending paused temporarily due to CLM1 transition.
Management Guidance
Advances growth of 18% for FY27
Total business to grow 16-17%, with advances at 18% and deposits at 14-15%.
Management guidance growthNIM guidance of 3.75% for FY27
Net interest margin expected to be 3.75% for the full year.
Management guidance marginsROA guidance of 1.80% for FY27
Return on assets guided at 1.80%, up from 1.75% in FY26.
Management guidance marginsGNPA to remain below 2%, NNPA below 0.25%
Asset quality guidance: gross NPA under 2%, net NPA under 0.25%, slippage below 1%.
Management guidance otherKey Risks
West Asia geopolitical crisis impact
Prolonged conflict could stress MSME and agri portfolios due to crude price rise and inflation; impact expected from Q2.
high · management_commentaryFarm loan waiver implementation risk
Maharashtra government's KCC loan waiver (up to ₹2 lakh) may affect borrower behavior; bank estimates ₹2,000 crore exposure.
medium · analyst_questionTax rate normalization
Effective tax rate may rise from ~10% to 18-20% as unabsorbed losses are exhausted, impacting net profit growth.
medium · data_observationGold loan co-lending disruption
Transition to CLM1 model caused temporary halt in gold co-lending; book declined 70% QoQ, though resuming.
low · management_commentaryNotable Quotes
We have internally created a global geopolitical uncertainties provisioning and we have in this quarter built a provision of 200 crores.
We want to become bank of a greater significance... from 11th we have to come to the ninth position in size among PSBs.
We have kept aspiration of making GIFT City in 12 months minimum 1 billion book; 650 million we've already done.
Frequently Asked Questions
What was Bank of Maharashtra's revenue in Q4 FY26?
Bank of Maharashtra reported revenue of — in Q4 FY26, representing a — change compared to the same quarter last year.
What guidance did Bank of Maharashtra management give for FY27?
Advances growth of 18% for FY27: Total business to grow 16-17%, with advances at 18% and deposits at 14-15%. NIM guidance of 3.75% for FY27: Net interest margin expected to be 3.75% for the full year. ROA guidance of 1.80% for FY27: Return on assets guided at 1.80%, up from 1.75% in FY26. GNPA to remain below 2%, NNPA below 0.25%: Asset quality guidance: gross NPA under 2%, net NPA under 0.25%, slippage below 1%.
What are the key risks for Bank of Maharashtra in FY27?
Key risks include West Asia geopolitical crisis impact — Prolonged conflict could stress MSME and agri portfolios due to crude price rise and inflation; impact expected from Q2.; Farm loan waiver implementation risk — Maharashtra government's KCC loan waiver (up to ₹2 lakh) may affect borrower behavior; bank estimates ₹2,000 crore exposure.; Tax rate normalization — Effective tax rate may rise from ~10% to 18-20% as unabsorbed losses are exhausted, impacting net profit growth.; Gold loan co-lending disruption — Transition to CLM1 model caused temporary halt in gold co-lending; book declined 70% QoQ, though resuming..
Did Bank of Maharashtra meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Bank of Maharashtra Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary with filing verification status shown on the financial stats.