Bank of Maharashtra Net Profit Rises 27% to ₹2,020 Crore in Q1 FY27; Asset Quality Remains Strong
Mumbai, July 10 (Forever News) : State-owned Bank of Maharashtra (BoM) reported a strong financial performance for the first quarter ended June 30, 2026 (Q1 FY27), with standalone net profit rising 26.8 per cent year-on-year to ₹2,020 crore, driven by healthy growth in interest income, improved operating performance and stable asset quality.
Bank of Maharashtra reported a 26.8% rise in Q1 FY27 net profit to ₹2,020 crore, with Net Interest Income increasing 14.5%. The bank maintained strong asset quality with GNPA at 1.45% and NNPA at 0.13%..
The Pune-headquartered public sector lender posted a net profit of ₹2,020.19 crore, compared with ₹1,592.76 crore in the corresponding quarter of the previous financial year. The steady earnings growth reflects the bank’s continued focus on expanding its loan book while maintaining prudent risk management.
Net Interest Income (NII) increased 14.5 per cent year-on-year to ₹3,770 crore, supported by sustained growth in advances and healthy business momentum.
The bank continued to maintain one of the strongest asset quality profiles among public sector banks.
- Gross Non-Performing Assets (GNPA): 1.45%
- Net Non-Performing Assets (NNPA): 0.13%
Both asset quality ratios remained among the best in the PSU banking space, underlining the bank’s disciplined credit underwriting and effective recovery efforts.
During the quarter, the bank reported fresh slippages of ₹888 crore while continuing to strengthen its balance sheet through adequate provisioning and disciplined risk management.
The bank’s Capital Adequacy Ratio (CAR) stood at 18.64 per cent, providing a comfortable cushion to support future business expansion and lending growth.
Bank of Maharashtra has emerged as one of the fastest-growing public sector banks over the past few years, backed by consistent improvement in profitability, healthy loan growth, robust capital position and strong operational efficiency.
With India’s banking sector continuing to witness healthy credit demand, the bank remains well positioned to sustain its growth momentum while maintaining healthy margins and superior asset quality.
Q1 FY27 Financial Highlights
- Net Profit: ₹2,020 crore (+26.8% YoY)
- Net Interest Income (NII): ₹3,770 crore (+14.5% YoY)
- Gross NPA (GNPA): 1.45%
- Net NPA (NNPA): 0.13%
- Fresh Slippages: ₹888 crore
- Capital Adequacy Ratio (CAR): 18.64%
