# Bank of Maharashtra (MAHABANK) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/mahabank

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹86.91
- Change: +2.13%
- As of: 2026-11-06
- 1D return: +2.13%
- 5D return: +6.82%
- 1M return: +5.92%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

MAHABANK closed at ₹86.91 on 2026-11-06, trading near its 20-day high (+100.0% position in range) and within 0.07% of immediate resistance at ₹86.97. The daily trend is technically bullish, with price holding above all key moving averages (EMA/SMA 20/50/200) and the Supertrend indicator. However, daily trend strength is weak (ADX 15.06), suggesting a lack of conviction despite the positive directional movement (Plus DI 32.07 vs Minus DI 17.65). This contrasts with a strong monthly trend (ADX 62.9) and developing weekly momentum (ADX 24.51). A significant upward gap anomaly occurred on 2026-11-05 (+6.9%), followed by consolidation. Volatility remains elevated (annualized 36.1%, ATR 3.18%), and the stock is currently 7.4% below its recent peak. A monthly Morning Star pattern is active, while daily Inside Bars have expired without breakout confirmation.

- Price Structure: Trading at ₹86.91, just below resistance at ₹86.97; support levels at ₹86.65 (high) and ₹83.79 (pivot).
- Trend Divergence: Daily ADX is weak (15.06) indicating low conviction, whereas monthly ADX is strong (62.9) and weekly is developing (24.51).
- Momentum & Anomalies: Recent +6.9% upward gap on 2026-11-05; daily Plus DI (32.07) significantly exceeds Minus DI (17.65).
- Risk Profile: Annualized volatility is 36.1%; current drawdown is -7.4% from available high; ATR stands at 3.18%.

- Morning Star
- Inside Bar
- Harami
- Outside Bar

### What Changed

As of November 6, 2026, Bank of Maharashtra (MAHABANK) has seen its share price rise to ₹86.91 on the NSE, up from ₹85.10 in the prior snapshot. This price movement coincides with a broader sector update from Systematix Institutional Equities, which reported divergent net interest margin (NIM) trends for Indian banks in Q2 FY27. While large private lenders experienced an average NIM contraction of 15 basis points, public sector banks, including Bank of Maharashtra, saw their margins expand by 3 basis points. The brokerage maintains a cautiously optimistic outlook on the banking sector, citing healthy credit growth and stable asset quality as supporting factors. Key monitorables identified include retail deposit mobilization and the transition to expected credit loss frameworks.

- Share price increased to ₹86.91 from ₹85.10 as of November 6, 2026.
- Public sector banks expanded net interest margins by 3 basis points in Q2 FY27, contrasting with a 15 basis point contraction in large private lenders.
- Systematix Institutional Equities cites healthy credit growth and stable asset quality as drivers for a cautiously optimistic sector outlook.

- [HDFC Bank, SBI, ICICI Bank, Kotak Bank, Axis Bank, BoB: Check fresh price targets for banking stocks](https://www.businesstoday.in/markets/trending-stocks/story/hdfc-bank-sbi-icici-bank-kotak-bank-axis-bank-bob-check-fresh-price-targets-for-banking-stocks-566195-2026-11-06)

### Official Filings

Bank of Maharashtra reported strong financial performance for the half-year ended September 30, 2026, with standalone Net Profit after Tax rising to Rs. 18,903.46 crore, reflecting a 41.42% year-on-year increase in Q2 FY27. The bank maintained robust asset quality, with Gross NPA at 1.25% and Net NPA at 0.12%, while Capital Adequacy Ratio stood at 18.51%. Management reversed Rs. 250 crore in COVID-19 contingency provisions but created an additional Rs. 500 crore provision for Expected Credit Losses. On the funding side, the bank redeemed Rs. 500 crore in Tier II bonds and raised USD 500 million via foreign currency bonds under its MTN programme. Additionally, CRISIL Ratings reaffirmed the bank’s Certificate of Deposit rating at CRISIL A1+ with a rated amount of Rs. 20,000 crore on November 4, 2026. Operational updates include a reduction in MCLR for overnight, one-month, three-month, and six-month tenors effective October 31, 2026, and the superannuation of Chief General Manager Dinkar Sankpal.

- Profitability: Standalone Net Profit after Tax reached Rs. 18,903.46 crore for H1 FY27; Q2 saw 41.42% YoY profit growth and 21.76% net interest income growth.
- Asset Quality & Capital: GNPA held at 1.25% (down 47 bps) and NNPA at 0.12%; CET1 ratio was 15.61% and CRAR at 18.51%.
- Funding & Provisions: Raised USD 500 million via unsecured foreign currency bonds; reversed Rs. 250 crore in pandemic provisions but added Rs. 500 crore ECL provision.
- Ratings & Rates: CRISIL reaffirmed CRISIL A1+ rating on CDs up to Rs. 20,000 crore; MCLR reduced for tenors up to six months, while one-year MCLR remained unchanged at 9.05%.

- [Bank of Maharashtra has informed the Exchange about Credit Rating |SUBJECT: Credit Rating](https://nsearchives.nseindia.com/corporate/MAHABANK_04112026111224_Letter_to_SE-CRISIL_rating.pdf)
- [BANK OF MAHARASHTRA has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2182_WebXMLFile_20261031_185904490.xml)
- [Bank of Maharashtra has informed the Exchange about Retirement |SUBJECT: Retirement](https://nsearchives.nseindia.com/corporate/MAHABANK_31102026190341_LettertoSE_Superannuation_letter.pdf)
- [Bank of Maharashtra has informed the Exchange about Review of MCLR rates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/MAHABANK_30102026200512_MCLRIntimation_Oct_2026.pdf)
- [Bank of Maharashtra has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/MAHABANK_29102026111103_Letter_to_SE_Concall_Transcript_29102026.pdf)
- [BANK OF MAHARASHTRA has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2182_WebXMLFile_20261029_115315285.xml)
- [Bank of Maharashtra has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/MAHABANK_28102026142216_LettertoSE_Newspaperpublication_28102026.pdf)
- [Bank of Maharashtra has informed the Exchange about Newspaper Publication on the financial results for the quarter and half year ended 30.09.2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/MAHABANK_27102026125132_LettertoSE_Newspaperpublication_27102026.pdf)
- [Bank of Maharashtra has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MAHABANK_26102026151843_Financial_Results_30092026.pdf)
- [Bank of Maharashtra has informed the Exchange about Presentation |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/MAHABANK_26102026152651_LettertoSE_InvestorPresentation26102026.pdf)

### Fundamentals

Bank of Maharashtra demonstrates strong earnings momentum and improving asset quality in the first half of FY2026-27. Revenue grew sequentially from ₹9,064 crore in Q1 to ₹9,736 crore in Q2, driven by higher interest earned (₹8,035 crore to ₹8,606 crore) and other income (₹1,029 crore to ₹1,129 crore). Operating profit expanded to ₹3,369 crore in Q2, supporting a net profit increase to ₹2,310 crore. The financing margin improved significantly to 18% in Sep 2026, up from 10% in Sep 2024, indicating better pricing power or lower cost of funds. Asset quality is stabilizing, with Gross Non-Performing Assets (GNPA) declining from ₹4,434 crore in Q1 to ₹4,114 crore in Q2. Capital adequacy remains robust at a CET1 ratio of 16%. However, cash flow dynamics require monitoring; while annual free cash flow turned negative (-₹11,742 crore in Mar 2026), this reflects balance sheet expansion with deposits rising to ₹37,638 crore and borrowings increasing to ₹47,890 crore. Promoter holding diluted to 73.6% in Sep 2026 as DIIs and FIIs increased their stakes to 13.76% and 6.5% respectively.

- Sequential revenue growth: Income rose from ₹9,064 crore (Q1) to ₹9,736 crore (Q2 FY26-27), with operating profit increasing to ₹3,369 crore.
- Improving margins: Financing margin reached 18% in Sep 2026, up from 10% in Sep 2024, alongside EPS growth to ₹2.78 per share.
- Asset quality repair: Gross NPA decreased sequentially from ₹4,434 crore to ₹4,114 crore between Q1 and Q2 FY26-27.
- Capital stability: CET1 ratio held steady at 16%, supporting continued lending growth despite negative annual free cash flow.

### Bull Case

Bank of Maharashtra (MAHABANK) presents a constructive technical profile characterized by sustained momentum across multiple timeframes. As of 6 November 2026, the stock closed at ₹86.91, supported by bullish signals on both daily and monthly charts. The monthly trend shows a strong Average Directional Index (ADX) of 62.9 with the Plus DI (22.5) significantly exceeding the Minus DI (7.54), indicating a robust upward trend. On the daily timeframe, the ADX is 15.06, but the Plus DI (32.07) remains well above the Minus DI (17.65), suggesting active buying interest despite lower trend strength. The stock has delivered substantial returns over longer horizons, including +51.4% over the past year and +36.6% year-to-date. Additionally, institutional research highlights positive fundamental tailwinds for public sector banks, noting an expansion in net interest margins (NIMs) by 3 basis points in Q2 FY27, contrasting with contractions seen in large private lenders. This divergence supports a conditional upside case where improved profitability metrics align with favorable technical structures.

- Multi-timeframe technical strength: Monthly ADX stands at 62.9 with bullish Supertrend; Daily Plus DI (32.07) leads Minus DI (17.65).
- Strong performance metrics: Year-to-date return of +36.6% and one-year return of +51.4%, closing at ₹86.91 on 6 Nov 2026.
- Fundamental margin expansion: Public sector banks saw NIMs expand by 3 basis points in Q2 FY27, outperforming private peers who contracted by 15 basis points.

- [HDFC Bank, SBI, ICICI Bank, Kotak Bank, Axis Bank, BoB: Check fresh price targets for banking stocks](https://www.businesstoday.in/markets/trending-stocks/story/hdfc-bank-sbi-icici-bank-kotak-bank-axis-bank-bob-check-fresh-price-targets-for-banking-stocks-566195-2026-11-06)
- [Best stocks to buy under ₹100: Sumeet Bagadia recommends 3 shares to buy — SJVN, NHPC, Bank of Maharashtra | Targets](https://www.livemint.com/market/stock-market-news/best-stocks-to-buy-under-rs-100-sumeet-bagadia-recommends-3-shares-to-buy-sjvn-nhpc-bank-of-maharashtra-targets-11793466108474.html)
- [Movers & Shakers: Stocks that will see action this week](https://www.thehindubusinessline.com/portfolio/technical-analysis/movers-amp-shakers-stocks-that-will-see-action-this-week/article71646123.ece)
- [Bank of Maharashtra has informed the Exchange about Credit Rating |SUBJECT: Credit Rating](https://nsearchives.nseindia.com/corporate/MAHABANK_04112026111224_Letter_to_SE-CRISIL_rating.pdf)
- [BANK OF MAHARASHTRA has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2182_WebXMLFile_20261031_185904490.xml)
- [Bank of Maharashtra has informed the Exchange about Retirement |SUBJECT: Retirement](https://nsearchives.nseindia.com/corporate/MAHABANK_31102026190341_LettertoSE_Superannuation_letter.pdf)
- [Bank of Maharashtra has informed the Exchange about Review of MCLR rates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/MAHABANK_30102026200512_MCLRIntimation_Oct_2026.pdf)
- [Bank of Maharashtra has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/MAHABANK_29102026111103_Letter_to_SE_Concall_Transcript_29102026.pdf)
- [BANK OF MAHARASHTRA has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2182_WebXMLFile_20261029_115315285.xml)
- [Bank of Maharashtra has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/MAHABANK_28102026142216_LettertoSE_Newspaperpublication_28102026.pdf)

### FAQs

**What were the key financial results for Bank of Maharashtra in Q2 FY27?**

For the quarter ended 30 September 2026, the bank reported a net interest margin (NIM) of 3.97%, gross non-performing assets (GNPA) of 1.25% (down 47 basis points), and net NPA of 0.12%. Capital adequacy stood at CET1 of 15.61% and CRAR of 18.51%, with an ROA of 2.02% and ROE of 26.98%. Business growth was 25% year-on-year.

**How have lending rates changed recently?**

Effective 31 October 2026, the bank revised its Marginal Cost of Funds Based Lending Rate (MCLR). Rates for overnight, one-month, three-month, and six-month tenors were reduced. The one-year MCLR remained unchanged at 9.05% per annum.

**What is the current technical trend and price action?**

As of 6 November 2026, the daily Supertrend indicator is bullish, with the stock closing at ₹86.91. The stock has gained +51.4% over the past year and +36.6% year-to-date. Immediate resistance is noted at ₹86.97, while support levels are identified at ₹86.65 and ₹83.79.

- [HDFC Bank, SBI, ICICI Bank, Kotak Bank, Axis Bank, BoB: Check fresh price targets for banking stocks](https://www.businesstoday.in/markets/trending-stocks/story/hdfc-bank-sbi-icici-bank-kotak-bank-axis-bank-bob-check-fresh-price-targets-for-banking-stocks-566195-2026-11-06)
- [Best stocks to buy under ₹100: Sumeet Bagadia recommends 3 shares to buy — SJVN, NHPC, Bank of Maharashtra | Targets](https://www.livemint.com/market/stock-market-news/best-stocks-to-buy-under-rs-100-sumeet-bagadia-recommends-3-shares-to-buy-sjvn-nhpc-bank-of-maharashtra-targets-11793466108474.html)
- [Movers & Shakers: Stocks that will see action this week](https://www.thehindubusinessline.com/portfolio/technical-analysis/movers-amp-shakers-stocks-that-will-see-action-this-week/article71646123.ece)
- [Bank of Maharashtra has informed the Exchange about Credit Rating |SUBJECT: Credit Rating](https://nsearchives.nseindia.com/corporate/MAHABANK_04112026111224_Letter_to_SE-CRISIL_rating.pdf)
- [BANK OF MAHARASHTRA has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2182_WebXMLFile_20261031_185904490.xml)
- [Bank of Maharashtra has informed the Exchange about Retirement |SUBJECT: Retirement](https://nsearchives.nseindia.com/corporate/MAHABANK_31102026190341_LettertoSE_Superannuation_letter.pdf)
- [Bank of Maharashtra has informed the Exchange about Review of MCLR rates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/MAHABANK_30102026200512_MCLRIntimation_Oct_2026.pdf)
- [Bank of Maharashtra has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/MAHABANK_29102026111103_Letter_to_SE_Concall_Transcript_29102026.pdf)
- [BANK OF MAHARASHTRA has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2182_WebXMLFile_20261029_115315285.xml)
- [Bank of Maharashtra has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/MAHABANK_28102026142216_LettertoSE_Newspaperpublication_28102026.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Uptrend
- Pivot point: ₹83.79
- Risk regime: Price Risk Requires Attention

### Support levels
- 86.975
- 81.31
- 79.12375

### Resistance levels
- 91.2
- 94.5
- 88.2

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +2.13% |
| return_10 | +15.39% |
| return_1m | +7.56% |
| return_1y | +51.36% |
| return_20 | +5.92% |
| return_3m | +11.18% |
| return_5 | +6.82% |
| return_6m | +3.92% |
| return_since_start | +65.26% |
| return_ytd | +36.59% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -20.88% |
| annualized_volatility | +36.09% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Bank of Maharashtra FY2026-27 Q2: Profit after tax rises 14% QoQ

Consolidated profit after tax increased 14.3% quarter on quarter to ₹2,310 crore for the quarter ended 30 September 2026, supported by higher income and pre-provision operating profit and lower provisions. A ₹173 crore loss from associates limited growth in profit for the period after the associate share and minority interest to 5.6%, at ₹2,136 crore.

## Income and operating performance

Total income rose 7.4% QoQ to ₹9,736 crore. Interest earned increased 7.1% to ₹8,606 crore, while other income grew 9.8% to ₹1,129 crore. Interest on advances was ₹6,823 crore and interest on balances with the RBI and other inter-bank funds was ₹36 crore. Other interest income rose to ₹43 crore from ₹13 crore in FY2026-27 Q1, while revenue on investments declined 1.2% to ₹1,704 crore.

Advances stood at ₹3,25,641 crore on 30 September 2026, compared with ₹2,88,104 crore on 31 March 2026 and ₹2,50,188 crore on 30 September 2025.

Interest expended rose 9.1% QoQ to ₹4,652 crore. Operating expenses increased 2.0% to ₹1,715 crore: employee costs fell 8.9% to ₹918 crore, while other operating expenses rose 18.1% to ₹797 crore. Expenditure excluding provisions and contingencies increased 7.1% to ₹6,366 crore. Despite the higher expenditure, operating profit before provisions and contingencies rose 8.1% to ₹3,369 crore.

## Provisions, tax and earnings

Provisions other than tax and contingencies declined 22.1% QoQ to ₹654 crore, while profit before tax rose 19.2% to ₹2,715 crore. Tax expense increased to ₹405 crore from ₹257 crore in FY2026-27 Q1.

Profit after tax was ₹2,310 crore, up from ₹2,021 crore in Q1 and ₹1,634 crore in FY2025-26 Q2. The share of associates was a loss of ₹173 crore, compared with a profit of ₹2.78 crore in Q1. After the associate share and minority interest, profit for the period was ₹2,136 crore, up 5.6% QoQ. Basic and diluted EPS were ₹2.78, versus ₹2.63 in Q1 and ₹2.17 in FY2025-26 Q2.

## Asset quality and capital

Gross NPAs declined 7.2% QoQ to ₹4,114 crore at 30 September 2026, and the gross NPA ratio fell to 1.25% from 1.45% at 30 June 2026. Net NPAs decreased 2.2% to ₹396 crore, while the net NPA ratio eased to 0.12% from 0.13%.

The CET1 ratio edged up to 15.61% from 15.56% in Q1, while the additional Tier 1 ratio declined to 0.76% from 0.79%. Return on assets was 1.87%, compared with 1.90% in Q1.

## Deposits and funding

Deposits totalled ₹3,76,380 crore at 30 September 2026, compared with ₹3,50,538 crore at 31 March 2026 and ₹3,09,767 crore at 30 September 2025. Borrowings were ₹47,890 crore, up from ₹35,234 crore at 31 March 2026.

## Segment performance

Segment revenue from operations rose 5.5% QoQ to ₹9,562 crore, while segment profit before tax increased 11.5% to ₹2,541 crore. Net segment assets stood at ₹4,68,464 crore at 30 September 2026, compared with ₹4,26,415 crore at 30 June 2026.

## Key Takeaway

Higher income and pre-provision operating profit, together with lower provisions, lifted profit after tax by 14.3% QoQ and accompanied lower NPA balances and ratios. The associate loss narrowed growth in profit after the associate share to 5.6%, while deposits and borrowings were both higher at quarter-end.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +73.60%
- FII holding: +6.50%
- DII holding: +13.76%
- Mutual fund holding: +6.78%
- Retail holding: +3.88%
- Promoter pledged: +0.00%

### Major reported shareholders

- President of India — +73.60%
- LIFE INSURANCE CORPORATION OF INDIA — +6.15%
- KOTAK AGGRESSIVE HYBRID FUND — +3.45%
- ADITYA BIRLA SUN LIFE MUTUAL FUND - ADITYA BIRLA SUN LIFE ARBITRAGE FUND — +1.06%

## Official filings

- 2026-11-04 — Credit Rating Update: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/MAHABANK_04112026111224_Letter_to_SE-CRISIL_rating.pdf)
- 2026-10-31 — Generic Announcement: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2182_WebXMLFile_20261031_185904490.xml)
- 2026-10-31 — Generic Announcement: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/MAHABANK_31102026190341_LettertoSE_Superannuation_letter.pdf)
- 2026-10-30 — Generic Announcement: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/MAHABANK_30102026200512_MCLRIntimation_Oct_2026.pdf)
- 2026-10-29 — Generic Announcement: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/MAHABANK_29102026111103_Letter_to_SE_Concall_Transcript_29102026.pdf)
- 2026-10-29 — Generic Announcement: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2182_WebXMLFile_20261029_115315285.xml)
- 2026-10-28 — Generic Announcement: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/MAHABANK_28102026142216_LettertoSE_Newspaperpublication_28102026.pdf)
- 2026-10-27 — Generic Announcement: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/MAHABANK_27102026125132_LettertoSE_Newspaperpublication_27102026.pdf)
- 2026-10-26 — Generic Announcement: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/MAHABANK_26102026151843_Financial_Results_30092026.pdf)
- 2026-10-26 — Generic Announcement: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/MAHABANK_26102026152651_LettertoSE_InvestorPresentation26102026.pdf)
- 2026-10-26 — Press Release: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/MAHABANK_26102026153445_LettertoSE_Press_release_26102026.pdf)
- 2026-10-26 — Earnings Presentation: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/MAHABANK_26102026154108_LettertoSE_InvestorPresentation26102026.pdf)
- 2026-10-26 — Generic Announcement: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MAHABANK_26102026154606_LettertoSE_Security_Cover_26102026.pdf)
- 2026-10-26 — Financial Results Filing: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_BANKING_1746103_26102026062118_WEB.xml)
- 2026-10-26 — Financial Results Filing: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_BANKING_1746105_26102026062142_WEB.xml)
- 2026-10-26 — Generic Announcement: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2182_WebXMLFile_20261026_192248239.xml)
- 2026-10-26 — Generic Announcement: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2182_WebXMLFile_20261026_192248239.xml)
- 2026-10-21 — Generic Announcement: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MAHABANK_21102026152607_SE_interestpayment_21102026.pdf)
- 2026-10-21 — Board Meeting Notice: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2182_WebXMLFile_20261021_191807816.xml)
- 2026-10-21 — Generic Announcement: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2182_WebXMLFile_20261021_191807816.xml)
- 2026-10-21 — Board Meeting Notice: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/MAHABANK_21102026191806_BoardmeetingnoticetoSE.pdf)
- 2026-10-21 — Generic Announcement: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2182_WebXMLFile_20261021_214058842.xml)
- 2026-10-21 — Generic Announcement: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/MAHABANK_21102026214507_Letter_to_SE_Earnings_call_invitation_30092026.pdf)
- 2026-10-19 — Generic Announcement: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/MAHABANK_19102026164405_Letterto_SE__ESG_Rating_19102026.pdf)
- 2026-10-08 — Generic Announcement: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MAHABANK_08102026124053_Statement_of_Debt_securities_30092026.pdf)

## News and market events

- 2026-11-06 — BUSINESSTODAY: **HDFC Bank, SBI, ICICI Bank, Kotak Bank, Axis Bank, BoB: Check fresh price targets for banking stocks** — Systematix Institutional Equities reports divergent net interest margin trends for Indian banks in Q2 FY27, with large private lenders seeing an average contraction of 15 basis points while public sector banks expanded by 3 basis points. The brokerage maintains a cautiously optimistic outlook on the sector, citing healthy credit growth and stable asset quality, though it highlights retail deposit mobilization and the transition to expected credit loss frameworks as key monitorables. Consequently, Systematix has issued fresh price targets for major lenders including ICICI Bank, SBI, and HDFC Ba — [Source](https://www.businesstoday.in/markets/trending-stocks/story/hdfc-bank-sbi-icici-bank-kotak-bank-axis-bank-bob-check-fresh-price-targets-for-banking-stocks-566195-2026-11-06)
- 2026-11-01 — Mint: **Best stocks to buy under  ₹100: Sumeet Bagadia recommends 3 shares to buy — SJVN, NHPC, Bank of Maharashtra | Targets** — Sumeet Bagadia, Executive Director at Choice Broking, issued buy recommendations for shares of SJVN, NHPC, and Bank of Maharashtra priced under ₹100, providing specific entry points, targets, and stop-loss levels. — [Source](https://www.livemint.com/market/stock-market-news/best-stocks-to-buy-under-rs-100-sumeet-bagadia-recommends-3-shares-to-buy-sjvn-nhpc-bank-of-maharashtra-targets-11793466108474.html)
- 2026-10-31 — The Hindu: **Movers & Shakers: Stocks that will see action this week** — BL Research Bureau provided technical analysis suggesting bullish trends and upward price targets for L&T Technology Services, Bank of Maharashtra, and Power Grid Corporation of India based on chart patterns and support/resistance levels. — [Source](https://www.thehindubusinessline.com/portfolio/technical-analysis/movers-amp-shakers-stocks-that-will-see-action-this-week/article71646123.ece)
- 2026-10-27 — BUSINESSTODAY: **Multibagger PSU bank stock to buy below Rs 100: share corrects 24%; should you buy post Q2 results** — Bank of Maharashtra target price: Several brokerages remain positive on Bank of Maharashtra (BoM) following its results for the September 2026 quarter. — [Source](https://www.businesstoday.in/markets/stocks/story/multibagger-psu-bank-stock-to-buy-below-rs-100-share-corrects-24-should-you-buy-post-q2-results-563867-2026-10-27)
- 2026-10-27 — Mint: **Top stocks to watch today:  L&T, Maruti Suzuki, Paytm, REC shares in focus on Tuesday, 27 Oct | Full list** — Top stocks to watch today: Larsen & Toubro, Maruti Suzuki, Paytm, DCM Shriram, Tata Consumer among shares in focus on Tuesday. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-l-t-maruti-suzuki-paytm-rec-shares-in-focus-on-tuesday-27-oct-full-list-11793064919143.html)
- 2026-10-27 — The Hindu: **Sensex today | Stock Market Live: Stock to buy today: Aegis Logistics (₹1,291) – BUY** — Sensex, Nifty, Share Prices Live: Aegis Logistics share price to go higher towards ₹1,500 — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-27-october-2026/article71626702.ece)
- 2026-10-26 — Economic Times: **Bank of Maharashtra Q2 profit jumps 41.5% as bad loans decline** — Bank of Maharashtra posted a 41.5% year-on-year rise in Q2 net profit to Rs 2,310 crore, supported by stronger income, deposit and credit growth, improved asset quality and a return on assets of 2.02%. — [Source](https://economictimes.indiatimes.com/markets/stocks/earnings/bank-of-maharashtra-q2-profit-jumps-41-5-as-bad-loans-decline/articleshow/135214440.cms)
- 2026-10-26 — The Hindu: **Bank of Maharashtra reports 41% jump in Q2FY27 net profit at ₹2,310 crore** — The Pune-headquartered public sector bank, which reported a net profit of ₹1,633 crore in the year ago quarter, logged a robust growth in advances amid improvement in asset quality. — [Source](https://www.thehindubusinessline.com/money-and-banking/bank-of-maharashtra-reports-41-jump-in-q2fy27-net-profit-at-2310-crore/article71628153.ece)
- 2026-10-26 — The Hindu: **Bank of Maharashtra Q2 net jumps 41% to ₹2,310 crore** — Bank of Maharashtra posts 41% Q2 profit growth to ₹2,310 crore amid rising NII, deposits, advances and improved asset quality. — [Source](https://www.thehindu.com/business/bank-of-maharashtra-q2-net-jumps-41-to-2310-crore/article71627623.ece)
- 2026-10-26 — MONEYCONTROL: **Bank of Maharashtra Q2 net profit rises 41% to Rs 2,310 crore; NII up 22%** — Bank of Maharashtra Q2 net profit rises 41% to Rs 2,310 crore; NII up 22% Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio IPO Allotment Jamia Protest UP Polls 2027 Rahul Gandhi Infosys Share Price Aamir Khan Small Cap Stocks Cyclone Arnab Dhanush News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance more Home Loans up to 50 Lakhs Cred — [Source](https://www.moneycontrol.com/news/business/earnings/bank-of-maharashtra-q2-net-profit-rises-41-to-rs-2-310-crore-nii-up-22-14060403.html)
- 2026-10-26 — Times of India: **Bank of Maharashtra net profits jump 41% to Rs 2309 cr in Q2FY27** — MUMBAI: Bank of Maharashtra reported a 41.4 percent year-on-year rise in net profit to Rs 2,309.59 crore in the Sept quarter, driven by higher interest — [Source](https://timesofindia.indiatimes.com/business/india-business/bank-of-maharashtra-net-profits-jump-41-to-rs-2309-cr-in-q2fy27/articleshow/135210424.cms)
- 2026-10-26 — CNBC-TV18: **Bank of Maharashtra Q2 Results: Net profit jumps 41% as NII rises 22%; asset quality improves** — Bank of Maharashtra reported a 41.4% year-on-year (YoY) rise in Q2 FY27 net profit to ₹2,309.6 crore, while net interest income increased 22% to ₹3,954.4 crore. Asset quality improved, with the gross non-performing assets (NPA) ratio declining to 1.25% and the net NPA ratio falling to 0.12%, while total global business grew 25.16% to ₹7,05,766 crore. — [Source](https://www.cnbctv18.com/market/stocks/bank-of-maharashtra-share-price-q2-results-net-profit-jumps-41-as-nii-rises-22-asset-quality-improves-20019484.htm)
- 2026-10-26 — FREEPRESSJOURNAL.IN: **Bank Of Maharashtra Reports Robust Q2 FY27, Net Profit Jumps To ₹2,310 Crore On Strong Business Growth** — Bank of Maharashtra reported a significant increase in its net profit for the second quarter of the fiscal year 2026-27, driven by strong growth in global business and improved asset quality. The bank — [Source](https://www.freepressjournal.in/business/bank-of-maharashtra-reports-robust-q2-fy27-net-profit-jumps-to-2310-crore-on-strong-business-growth)
- 2026-10-26 — BUSINESSTODAY: **BoM Q2 FY27 results: Profit rises 41% to Rs 2,310 crore; stock climbs** — State-owned Bank of Maharashtra (BoM) on Monday said it reported a 41.42 per cent year-on-year (YoY) rise in net profit to Rs 2,310 crore for the second quarter (Q2) of FY27, compared with Rs 1,633 crore in the corresponding quarter last year.The bank's net profit also increased 14.33 per cent sequentially from the previous quarter.Operating profit rose 30.86 per cent YoY to Rs 3,369 crore in Q2 FY27, against Rs 2,574 crore in Q2 FY26. — [Source](https://www.businesstoday.in/markets/stocks/story/bom-q2-fy27-results-profit-rises-41-to-rs-2310-crore-stock-climbs-563699-2026-10-26)
- 2026-10-26 — The Hindu: **Q2 Results 26th Oct Highlights: Tata Consumer Q2 profit declines, Aequs, Dalmia Bharat PAT declines q-o-q, Ather Energy & ITC Hotels jump after Q2 results, BoM, TMB, IOB, Mankind Pharma, APL Apollo Q2 PAT rise, Paytm, KFin Tech, Nazara Q2 results Today** — Q2 Results Today, 26th October 2026 Highlights: Find all the latest Q2 results 2026 updates of 7NR Retail, AAVAS Financiers, Aditya Birla Real Estate, Acceleratebs India, Acevector, Achyut Healthcare, Admach Systems, Ad-Manum Finance, Aegis Logistics, Aegis Vopak Terminals, Aequs, Alphalogic Industries, Antelopus Selan Energy, APL Apollo Tubes, Arex Industries, ASI Industries, Astec Lifesciences, Ather Energy, Automobile Products of India, Avantel, Baba Arts, Bajaj Global, Bizotic Commercial, B... — [Source](https://www.thehindubusinessline.com/markets/q2-results-today-highlights-paytm-tata-consumer-mankind-pharma-rec-itc-hotels-iob-ather-aegis-logistics-supreme-ind-aequs-nazara-sona-blw-tmb-bom-infosys-kotak-idfc-results-26-october-2026/article71625561.ece)
- 2026-10-25 — Mint: **Stock market prediction for Monday Oct 26: Sensex, Nifty levels, top stocks to watch - Will bulls dance again?** — The Nifty 50 fell nearly 2% last week as geopolitical tensions and crude oil volatility weighed on markets, taking year-to-date losses to 13.56%. Analysts see support near 22,300 and resistance at 22,850–22,900. Infosys, Kotak Mahindra Bank and Reliance Industries will be among stocks in focus. — [Source](https://www.livemint.com/market/stock-market-news/stock-market-prediction-for-monday-oct-26-sensex-nifty-levels-top-stocks-to-watch-will-bulls-dance-again-11792934825551.html)
- 2026-10-13 — FREEPRESSJOURNAL.IN: **CBI Probes Alleged ₹40-Crore Bank Of Maharashtra Fraud Involving Milk Products Firm** — The CBI has launched a probe into an alleged Rs 40-crore fraud involving a Sangli-based milk products company and its two directors. The Bank of Maharashtra alleges that incorrect stock statements and financial information were used to obtain credit facilities, followed by fund diversion. The account became an NPA in June 2019 and was reported as fraud to the RBI in December 2025. — [Source](https://www.freepressjournal.in/mumbai/cbi-probes-alleged-40-crore-bank-of-maharashtra-fraud-involving-milk-products-firm)
- 2026-10-12 — BUSINESSTODAY: **HDFC Life, Bank of Maharashtra, Fortis among top stocks to buy; check price targets** — Stocks to buy, Stock picks, Stocks to trade, trading views, Mayur Uniquoters, Bank of Maharashtra, HDFC Life Insurance Company, Fortis Healthcare, Mayur Uniquoters shares, Bank of Maharashtra shares, HDFC Life shares, Fortis Healthcare shares, Mayur Uniquoters share price, Bank of Maharashtra share price, HDFC Life share price, Fortis Healthcare share price, Mayur Uniquoters stock price, Bank of Maharashtra stock price, HDFC Life stock price, Fortis Healthcare stock price, Mayur Uniquoters target price, Bank of Maharashtra target price, HDFC Life target price, Fortis Healthcare target price — [Source](https://www.businesstoday.in/markets/stocks/story/hdfc-life-bank-of-maharashtra-fortis-among-top-stocks-to-buy-check-price-targets-560921-2026-10-12)
- 2026-10-11 — Mint: **Car loan rates start at 7.35%: Check EMIs and processing fees of 18 lenders | Mint** — Car loan interest rates start at 7.35% across 18 lenders, according to Paisabazaar data. Compare car loan EMIs on ₹5 lakh over five years, processing fees, interest-rate concessions and repayment costs before choosing a lender in October 2026. — [Source](https://www.livemint.com/money/personal-finance/car-loan-rates-start-at-7-35-check-emis-and-processing-fees-of-18-lenders-11791693346774.html)
- 2026-10-10 — Mint: **Home loan rates October 2026: Compare rates starting from 7% across 12 public sector banks | Mint** — Home loan rates start at 7% at select public sector banks in October 2026. Compare rates across 12 public sector banks, including SBI, Bank of Baroda and PNB, and understand the factors that can affect your final borrowing cost before applying. — [Source](https://www.livemint.com/money/personal-finance/home-loan-rates-october-2026-compare-rates-starting-from-7-across-12-public-sector-banks-11791486253416.html)
- 2026-10-10 — Mint: **Stock to buy in short term: Choice Broking's Sumeet Bagadia recommends this PSU bank stock as Navratri Pick** — Choice Broking’s Sumeet Bagadia identified Bank of Maharashtra as a Navratri 2026 stock pick, citing an uptrend, breakout, support near its 20-week EMA and bullish RSI. The brokerage suggested buying at ₹82.75, adding near ₹80, and targeting ₹91 and ₹96, with ₹76 as key support. — [Source](https://www.livemint.com/market/stock-to-buy-in-short-term-choice-brokings-sumeet-bagadia-recommends-this-psu-bank-stock-as-navratri-pick-11791602676758.html)
- 2026-10-10 — Mint: **Personal loan rates October 2026: Check EMI and processing fees across 22 lenders | Mint** — Personal loan interest rates in October 2026 range from 8.90% to 30.50% across 22 lenders. Compare personal loan EMIs, interest rates and processing fees for a ₹5 lakh, five-year loan before choosing a lender and assessing your repayment capacity. — [Source](https://www.livemint.com/money/personal-finance/personal-loan-rates-october-2026-check-emi-and-processing-fees-across-22-lenders-11791481930937.html)
- 2026-10-07 — Mint: **Top 2 stocks to buy for short-term: Bank of Maharashtra, Usha Martin by Nagaraj Shetti - Check stop loss, targets** — Indian stock markets ended a two-day streak as RBI raised the repo rate by 25 basis points to 5.5%, causing the Nifty 50 to drop 0.76% and the Sensex to decline 0.59%. The rupee hit a five-month low, while bond yields rose post-announcement. — [Source](https://www.livemint.com/market/stock-market-news/top-2-stocks-to-buy-for-short-term-bank-of-maharashtra-usha-martin-by-nagaraj-shetti-check-stop-loss-targets-11791372175624.html)
- 2026-10-06 — BUSINESSTODAY: **HDFC Bank, SBI, ICICI Bank, KMB, Axis Bank, IndusInd: Check fresh targets for top banking stocks** — ICICI Bank target price, SBI target price, Kotak Mahindra Bank target price, HDFC Bank target price, Axis Bank target price, Bank of Baroda target price, Bank of India target price, Indian Bank target price, Union Bank of India target price, Karur Vysya Bank target price, Federal Bank target price, IndusInd Bank target price, banking stocks Q2 earnings, banking stocks to buy ahead of Q2FY27 results, Systematix banking stocks to buy, best banking stocks to buy in India, ICICI Bank SBI Kotak Mahindra Bank target price, banking stocks, bank stocks to buy, Q2FY27 banking earnings, banking sector Q — [Source](https://www.businesstoday.in/markets/trending-stocks/story/hdfc-bank-sbi-icici-bank-kmb-axis-bank-indusind-bank-check-fresh-targets-for-top-banking-stocks-559804-2026-10-06)
- 2026-09-28 — BUSINESSTODAY: **YES Bank, BOI, BoM, Union Bank, PNB, RBL Bank: Why bank stocks fell today** — YES Bank share, BOI share, BoM share, Union Bank share, PNB share, RBL Bank share price, IndusInd Bank share price — [Source](https://www.businesstoday.in/markets/stocks/story/yes-bank-boi-bom-union-bank-pnb-rbl-bank-indusind-bank-why-bank-stocks-fell-today-558290-2026-09-28)

## Business profile

**Strategic vision:** A public sector bank offering diverse financial services.

### Business segments
- **Retail Banking:** Provides banking services to individual customers.
- **Corporate Banking:** Offers banking solutions tailored for businesses and corporations.
- **International Banking:** Facilitates cross-border financial transactions and services.
- **Treasury Operations:** Manages the bank's liquidity, funding, and investment activities.

### Competitive strengths
- Established presence in the Indian banking sector.
- Operates as a public sector bank, implying government backing.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/mahabank
Markdown representation: https://faxioms.com/stocks/mahabank?render=md