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India
As of 18 Sept 2026, 03:30 pm
Bank of Maharashtra completed its first-ever overseas bond issuance of $500 million. This issuance was met with strong demand, receiving three times the subscription amount, which the bank views as a significant milestone for its growth.
As of September 18, 2026, Bank of Maharashtra's stock has shown varied returns across different timeframes. It recorded a return of 46% over the past year and 31% year-to-date. Over the last six months, the return was 30%, while the return over the last month was 4%. However, returns over the last three months were -7%, and over the last 10 years, it was -3%.
On September 10, 2026, the Government of India appointed Mr. Saurabh Kumar as a Government of India Nominee Director on the bank's Board. Mr. Kumar, a Joint Secretary in the Ministry of Finance, replaced Mr. Abhijit Phukon. This appointment was disclosed to the stock exchanges on September 11, 2026.
On a daily basis, the stock's closing price was ₹83.54, with the 20-day Exponential Moving Average (EMA) at ₹82.64 and the 50-day EMA at ₹82.13. The 200-day Simple Moving Average (SMA) was ₹73.71. The Supertrend indicator was bullish at ₹79.26. On a monthly basis, the Supertrend indicator was also bullish at ₹54.86, with the 20-day EMA at ₹68.81.
There was a period where public sector bank stocks, including Bank of Maharashtra, saw positive reactions due to circulating rumors of a merger. However, the government officially debunked a viral document claiming a merger of nine public sector banks, confirming it was fake and urging caution.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price swings are higher than typical
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Income | PEAK₹9,063.53 crore | ₹8,693.46 crore | ₹8,277.22 crore | ₹7,973.86 crore | ₹7,879.18 crore |
| Interest Expended | PEAK₹4,264.29 crore | ₹4,052.28 crore | ₹3,921.56 crore | ₹3,880.40 crore | ₹3,761.91 crore |
| Employees Cost | PEAK₹1,006.82 crore | ₹875.43 crore | ₹797.69 crore | ₹821.88 crore | ₹880.19 crore |
| Other Operating Expenses | ₹674.79 crore | ₹819.15 crore | PEAK₹822.07 crore | ₹696.84 crore | ₹666.68 crore |
| Operating Profit Before Provision And Contingencies | PEAK₹3,117.63 crore | ₹2,946.60 crore | ₹2,735.90 crore | ₹2,574.74 crore | ₹2,570.40 crore |
| Profit Loss From Ordinary Activities Before Tax | ₹2,277.22 crore | PEAK₹2,329.62 crore | ₹2,007.72 crore | ₹1,818.86 crore | ₹1,702.99 crore |
Employee costs increased 15.0% sequentially to ₹1,006.82 crore, while other operating expenses declined 17.6% to ₹674.79 crore. Total operating expenses (excluding interest) were ₹1,681.61 crore, nearly unchanged from the prior quarter and up 8.7% year-over-year. The slower growth in operating expenses relative to income supported operating profit expansion.
Operating profit before provisions rose 5.8% sequentially and 21.3% year-over-year to ₹3,117.63 crore. Provisions and contingencies increased to ₹840.41 crore from ₹616.98 crore in the prior quarter, a 36% rise. As a result, pre-tax profit declined 2.25% sequentially to ₹2,277.22 crore. Year-over-year, provisions were slightly lower (₹840.41 crore vs ₹867.41 crore), allowing pre-tax profit to grow 33.7%.
Tax expense fell 18.6% sequentially to ₹256.68 crore, with the effective tax rate declining to 11.3% from 13.5% in the previous quarter. Net profit edged up 0.3% sequentially to ₹2,020.54 crore, a new high in the reported periods. Year-over-year, net profit grew 26.8%.
Gross non-performing assets (GNPA) increased 4.4% sequentially to ₹4,434.28 crore, but the GNPA ratio remained unchanged at 1.45%, indicating that loan growth kept pace with the rise in NPAs. The ratio improved from 1.74% a year ago. The Common Equity Tier 1 (CET1) ratio strengthened to 15.56% from 14.59% in the prior quarter. Return on assets was 1.9%, compared to 2.0% in the previous quarter and 1.7% a year ago.
Bank of Maharashtra reported income and operating profit growth in the June quarter, but a sharp sequential increase in provisions limited net profit growth. Asset quality metrics remained stable, and capital adequacy improved. Year-over-year, earnings expanded significantly, supported by higher income and lower provisions.
Exchange disclosures and regulatory announcements for Bank of Maharashtra.
Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal
Bank of Maharashtra has informed the Exchange about Intimation of Pricing of the Notes under the MTN Programme |SUBJECT: General Updates
On September 10, 2026, the Government of India nominated Shri Saurabh Kumar, a Joint Secretary in the Ministry of Finance, as a Director on the Board of Bank of Maharashtra with immediate effect. This appointment, made under Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, replaces outgoing director Shri Abhijit Phukon and remains valid until further orders. The Bank of Maharashtra disclosed this change to stock exchanges on September 11, 2026, pursuant to SEBI Listing Regulations.
On September 10, 2026, Bank of Maharashtra appointed Saurabh Kumar, a Joint Secretary in the Ministry of Finance and 2009-batch IAS officer, as a Government of India Nominee Director for a term of 36 months. Concurrently, the tenure of existing GOI Nominee Director Abhijit Phukon concluded on the same date.
Seven trade unions representing Bank of Maharashtra employees have proposed a one-day strike on September 11, 2026, to advance their demands. The bank has initiated measures to ensure branch operations continue smoothly but disclosed that functioning may be affected if the strike proceeds. This notice was filed with the BSE and NSE on September 9, 2026, under SEBI Regulation 30.
On September 8, 2026, Bank of Maharashtra paid an annual interest amount of Rs. 62,05,40,000.00 (including TDS) on its Basel III Additional Tier I Bonds with ISIN INE457A08118 and an issue size of Rs. 710.00 crore. The payment was made on the due date following a record date of August 24, 2026, marking the first interest payment since the previous one on September 8, 2025.
On September 7, 2026, S&P Global Ratings assigned a 'BBB' long-term issue rating to Bank of Maharashtra's USD 500 million Euro Medium Term Note Programme established on September 4, 2026. The rating reflects the expectation that notes issued under the program will rank equally with all of the bank's other senior unsecured obligations and constitutes direct, unconditional, unsubordinated, and unsecured obligations of the issuer.
Fitch Ratings assigned a 'BBB-' rating to Bank of Maharashtra's USD 500 million Euro Medium Term Note Programme on September 7, 2026. The rating is at the same level as the bank's Long-Term Issuer Default Rating of 'BBB-'/Stable, which is equalized with the Indian sovereign's IDR due to the state's 73.6% ownership. Proceeds from notes issued under the programme will fund the bank's head office, foreign offices, or general corporate purposes.
Recent market and company developments associated with Bank of Maharashtra.
The debt instrument received an overwhelming response from international investors, with the order book reaching nearly three times the issue size, said BoM in a statement.
Bank of Maharashtra's debut $500 million overseas bond issuance sees threefold subscription, marking a significant milestone in its growth.
A fake document claiming a merger of public sector banks, purportedly issued by the Ministry of Finance, has been circulating online. The government confirmed it is not authentic, urging caution in verifying such claims, as PSU bank stocks react positively to the rumors.
The Akola Zone of Bank of Maharashtra celebrated the bank’s 92nd Foundation Day along with an MSME Samriddhi Credit Outreach Programme on September 16. The programme was chaired by Zonal Manager G M Sreedhar and attended by around 90 existing and prospective MSME customers. Chartered Accountants from Akola, Washim and Buldhana districts also participated in the programme
public sector bank mergers, fake gazette, PIB Fact Check, Finance Ministry India, State Bank of India, Punjab National Bank, Bank of Baroda, social media misinformation, PSU banks
Bank merger, PSBs merger, Public Sector Bank merger, PIB Fact Check fake bank merger
Administered by the Pension Fund Regulatory and Development Authority, the Atal Pension Yojana (APY) aims to create a universal social security system in India. Today, we check the rules for premature withdrawal and how to claim maturity payouts.
The unions have also demanded a review of the Performance-Linked Incentive (PLI) scheme and removal of shortcomings in its implementation. Other demands include implementation of the initially agreed pension improvements and provisions related to health insurance for bank employees
Comprehensive Section Breakdown for Bank of Maharashtra
Strategic Vision: A public sector bank offering diverse financial services.
• Established presence in the Indian banking sector.
• Operates as a public sector bank, implying government backing.
Bank of Maharashtra reported a 5.8% sequential increase in operating profit for the June 2026 quarter, supported by income growth and flat operating expenses. However, a sharp rise in provisions (up 36% from the prior quarter) absorbed most of that gain, leaving net profit nearly unchanged at ₹2,020.54 crore. Year-over-year, net profit grew 26.8%, driven by higher income and lower provisions.
Total income rose 4.3% sequentially and 15.0% year-over-year to ₹9,063.53 crore. Interest earned grew 3.6% quarter-on-quarter and 13.9% year-over-year to ₹8,034.65 crore, while other income increased 9.7% sequentially and 24.7% year-over-year to ₹1,028.88 crore. Interest expended rose 5.2% from the prior quarter and 13.4% from a year ago to ₹4,264.29 crore.
Net interest income (interest earned less interest expended) stood at ₹3,770.36 crore, up 1.8% sequentially and 14.5% year-over-year, indicating continued expansion in core lending activity.
Category: Financial Services
Provides banking services to individual customers.
Category: Financial Services
Offers banking solutions tailored for businesses and corporations.
Category: Financial Services
Facilitates cross-border financial transactions and services.
Category: Financial Services
Manages the bank's liquidity, funding, and investment activities.
Core Thesis: The bank aims to provide excellent customer service and contribute to national development through its diverse financial services.
• Customer Service: Focuses on delivering excellent service to all customers across its banking operations. • National Development: Contributes to the economic growth and development of the nation through its banking activities.