Bank of Maharashtra (BoM) reported a stellar financial performance for the first quarter ended June 30, 2025, registering a 23.14% year-on-year jump in net profit to Rs. 1,593 crore. The public sector lender showcased strong growth across all key metrics, bolstered by sustained momentum in retail and MSME lending, improved asset quality, and prudent cost management.
Total business of the bank surged by 14.63% to Rs. 546,143 crore compared to the same quarter last year. This included a 14.07% rise in deposits to Rs. 305,046 crore, with CASA (Current Account Savings Account) deposits forming 50.07% of the total—reflecting continued strength in the bank’s low-cost deposit base.
Gross advances grew by an impressive 15.34% year-on-year to Rs. 241,097 crore. Within this, retail advances saw a remarkable 35.37% growth to Rs. 71,966 crore, and MSME advances increased by 5.65% to Rs. 44,967 crore. The bank’s RAM (Retail, Agriculture and MSME) portfolio now accounts for 62.10% of total advances.
Net Interest Income (NII), a key indicator of a bank’s core earnings, rose 17.60% to Rs. 3,292 crore. Operating profit for the quarter stood at Rs. 2,570 crore, registering a 12.01% year-on-year growth. The Net Interest Margin (NIM) was healthy at 3.95% while the cost-to-income ratio improved further to 37.57%, highlighting the bank’s operational efficiency.
Asset quality continued to strengthen with Gross NPA declining to 1.74% from 1.85% a year ago, while Net NPA improved to 0.18% from 0.20%. The Provision Coverage Ratio (PCR) remained robust at 98.36%, underscoring the bank’s proactive provisioning strategy.
Return on Assets (ROA) improved to 1.80%, and Return on Equity (RoE) stood strong at 23.00%, reflecting the bank’s sound profitability metrics. The Capital to Risk-weighted Assets Ratio (CRAR) under Basel III norms improved to a healthy 20.06%, with Tier I capital at 16.63%, ensuring ample buffer for future growth.
The bank’s balance sheet size expanded to Rs. 367,293 crore as of June 2025, compared to Rs. 305,232 crore a year ago. Total income during the quarter rose 16.40% to Rs. 7,879 crore, while expenses increased by 18.66% to Rs. 5,309 crore.
Bank of Maharashtra has placed a detailed investor presentation on its website www.bankofmaharashtra.in, reflecting transparency and readiness for sustained investor engagement.
The strong first-quarter performance puts the bank on a solid footing for FY2025-26, with a firm trajectory towards high growth, profitability, and stability.
