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15-Oct-2025

Bank of Maharashtra

Plans to add 1000 branches in next 5 years, maintain CASA above 50%


'Bank of Maharashtra conducted a conference call on 14 October 2025 to discuss the financial results for the quarter ended September 2025. Nidhu Saxsna, MD & CEO of the bank addressed the call:

Highlights:

Total business grew by 14% to Rs 5.63 lakh crore. Deposits increased 12.13% and advances 17%. CD ratio has improved to 82% at end September 2025.

Gross NPAs have declined to 1.72% and Net NPA fell to 0.18% at end September 2025. Provision coverage ratio is standing at 98.34%.

Net interest income has increased by 16%. NIM stood at a healthy 3.85% in Q2FY26.

Cost to income has also improved to 37.1%. ROA has improved to 1.82%.

Capital adequacy is improving to 18.13%, Tier 1 is standing at 14.96% end September 2025.

SMA loan book is also behaving well. SMA-1 plus 2, has actually gone down from 2.61% to 1.87%.

S&P Global has assigned a BBB- rating and which is three notches improvement over other international banking...



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