Loan growth guidance maintained at 18% for FY27
Despite 27% growth in Q1, management reiterated the full-year loan growth guidance of 18%, emphasizing commitment to guidance and profitable growth.
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Bank of Maharashtra · forward-looking guidance across the available source record.
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growth
NIM guidance maintained at 3.75% for FY27
Management expects NIM to remain around 3.75% for the full year, with Q1 NIM at 3.85% providing a buffer.
Credit cost guidance below 1% for FY27
Credit cost for Q1 was 0.99%, within the guided range of below 1% for the full year.
Cost-to-income ratio to be maintained below 40%
Management aims to keep cost-to-income below 40%, supported by operating leverage from branch expansion.
NIM guidance of 3.75% for FY26
Management expects NIM to remain around 3.75% for the full year, with potential stabilization as deposits reprice.
Credit cost below 1%
Management guided to maintain credit cost below 1% on a sustainable basis, including ECL impact.
Branch expansion: 321 branches in 18 months
The bank plans to open 321 new branches in 18 months, primarily outside Maharashtra, targeting high-growth pin codes.
GIFT IBU target of $1 billion book in 12 months
Management aspires to grow the GIFT IBU book to $1 billion in the next 12 months, with a profitable business model.
Deposit growth guidance of 14% YoY for FY26
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.
NIM to be maintained at ~3.75%
Management targets NIM around 3.75% despite rate cuts, supported by MCLR repricing and cost management.
Gross NPA below 2%, Net NPA below 0.25%
Asset quality guidance reiterated; current gross NPA 1.60% and net NPA 0.15% are well within targets.
Cost-to-income below 40%
Despite branch expansion, management expects to maintain cost-to-income below 40%; current level is 37.19%.