Bank of Maharashtra Ltd

Bank of Maharashtra informed the Bombay Stock Exchange and National Stock Exchange of India that seven trade unions, including AIBEA, AIBO, C-NCBE, AIBOA, BEFI, INBEF, and INBOC, have proposed a one-day strike on September 11, 2026, to address their demands, potentially affecting the functioning of the bank's branches and offices.

Bank of Maharashtra announced that it has paid annual interest of Rs 620,54,00,000 including TDS on its Basel III Additional Tier I Bonds with ISIN INE457A08118, which were issued at a size of Rs 710.00 crore, on September 8, 2026, as per SEBI regulations.

Bank of Maharashtra announced that S&P Global Ratings has assigned a rating of ‘BBB’ to its USD 500 million Euro Medium Term Note Programme, establishing it on September 4, 2026, and also assigned a ‘BBB’ rating to the US$500 million US$500 million euro medium-term note (MTN) program, with senior unsecured notes ranking equally with the issuer credit rating (BBB/Stable/A-2), and notes issued under the program ranking equally with other senior unsecured obligations, while index-linked notes are designated as ‘Not Rated’; S&P also assigned a ‘BBB’ rating to the Euro Medium-Term Note Program, with no further details provided, and no other rating agencies are mentioned in the provided information.

Bank of Maharashtra announced that Fitch Ratings has assigned a 'BBB-' rating to its USD 500 million Euro Medium Term Note Programme, establishing it on September 4, 2026, and affirming the existing rating for the USD 500 million MTN Programme, alongside a new rating for the USD 500 million MTN Programme; Fitch also assigned a 'BBB-' rating to the bank's Senior Unsecured Notes, and Senior Unsecured Notes, and a new rating of BB(xgs) to the senior unsecured notes linked to the MTN Programme, while the Long-Term IDR remains at 'BBB-' and is equalised with the Indian sovereign's IDR, reflecting extraordinary state support, with a Viability Rating of 'bb' and a Long-Term IDR (xgs) aligned with that rating, and a VR rating; the agency has also withdrawn ratings related to the MTN Programme and senior unsecured instruments, reflecting the new assignments and initial ratings for the USD 500 million MTN Programme.

Bank of Maharashtra has informed the Bombay Stock Exchange and National Stock Exchange that September 12, 2026, has been set as the record date for the redemption payment of BASEL III Tier II bonds with ISIN INE457A08035, totaling Rs 500.00 crore, carrying a 9.20% coupon rate, and due for redemption on September 27, 2026.

Bank of Maharashtra announced a revision of its Marginal Cost of Funds Based Lending Rate (MCLR) effective August 31, 2026, decreasing the overnight rate to 7.10% from 7.30%, the one-month rate to 8.15% from 8.30%, and the six-month rate to 8.85% from 8.90%, while the three-month rate increased to 8.60% from 8.55%, and the one-year rate remained at 9.00%, according to a regulatory filing with the BSE Ltd. and National Stock Exchange of India Ltd.

Bank of Maharashtra rose for a third straight session today. The stock is quoting at Rs 86.07, up 5.35% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.23% on the day, quoting at 24277.5. The Sensex is at 77643.06, down 0.02%. Bank of Maharashtra has added around 6.75% in last one month. Meanwhile, Nifty PSU Bank index of which Bank of Maharashtra is a constituent, has added around 3.97% in last one month and is currently quoting at 8603.65, up 1.08% on the day. The volume in the stock stood at 445.78 lakh shares today, compared to the daily average of 104.81 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 86.89, up 5.73% on the day. Bank of Maharashtra is up 63.85% in last one year as compared to a 0.91% fall in NIFTY and a 28.29% fall in the Nifty PSU Bank index.The PE of the stock is 8.44 based on TTM earnings ending June 26.

Bank of Maharashtra announced that Shri Naresh Kumar Vashisht has been appointed as a Part-time Non-official Director on the bank’s board for a period of three years, effective August 12, 2026, or until further orders, as notified by the Department of Financial Services (DFS) through notification no. eF. No. 6/2(ii)/2026-BO-l dated August 12, 2026.

Bank of Maharashtra announced that it has paid Rs 63,25,80,000 in interest, including TDS, on its Long Term Infra Bond (Series -1) with ISIN INE457A08175, which has an issue size of Rs 811 crore, on August 5, 2026, as per SEBI regulations.

Total income climbed 15.03% YoY to Rs 9,063.29 crore in Q1 FY27. Profit before tax (PBT) climbed 33.73% YoY to Rs 2,276.76 crore in Q1 FY27. Net Interest Income (NII) grew by 14.53 % on YoY to Rs 3,770 crore in Q1FY27 as against Rs 3,292 crore for Q1FY26. The bank's total global deposits increased 12.93% YoY to Rs 3,44,493 crore, while net advances surged 27.22% to Rs 3,01,934 crore. Its Retail, Agriculture and MSME (RAM) business grew 25.11% YoY. Retail advances rose 24.59% to Rs 89,661 crore, while MSME advances increased 23.17% to Rs 55,386 crore. On the asset quality front, gross non-performing assets (GNPA) improved to 1.45% as of 30 June 2026 from 1.74% a year earlier, while net NPA improved to 0.13% as on 30th June 2026 from 0.18% as on 30th June 2025. The provision coverage ratio improved to 98.55% as on 30th June 2026 from 98.36% recorded in the year-ago period. As of 30 June 2026, the bank's total Basel III capital adequacy ratio stood at 18.64%, including a Common Equity Tier 1 (CET1) ratio of 15.56%. Bank of Maharashtra is engaged in providing banking services. The bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and other banking operations.Powered by Capital Market - Live