# MAHABANK (MAHABANK) — Stock analysis

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

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹83.11
- Change: +2.86%
- As of: 2026-09-18
- 1D return: +3.39%
- 5D return: -0.96%
- 1M return: +4.06%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, MAHABANK is trading at ₹83.54, with a generally constructive technical stance supported by alignment across multiple timeframes. Daily, weekly, and monthly indicators show the price trading above key moving averages (EMA 20, EMA 50, SMA 20, SMA 50, SMA 200) and the Supertrend indicator, suggesting an underlying bullish trend. Momentum appears to be building on the weekly timeframe, indicated by positive slopes in moving averages and a strong ADX value of 34.68.

While the longer-term trends are positive, the daily timeframe shows signs of consolidation, with a recent wide-range downward anomaly on September 15, 2026, and a relatively neutral ADX of 16.24. The stock is currently positioned in the middle of its recent trading range, approximately 52% of the way up the 20-day range and 73% of the way up the 252-day range. The nearest support is observed around ₹82.73, with further support at ₹81.47. Resistance is noted at ₹84.66, followed by ₹85.92.

The stock exhibits moderate risk, with an annualized volatility of 36% and a current drawdown of -11%. The Average True Range (ATR) at 2.99% suggests typical daily price movement. Key watch conditions include monitoring for a sustained move above the nearest resistance level of ₹84.66, which could signal further upside, and a break below the support level of ₹82.73, which might indicate a short-term pullback.

- Price is above key daily, weekly, and monthly moving averages and Supertrend.
- Weekly momentum shows strength with positive moving average slopes and ADX 34.68.
- Nearest support level is ₹82.73; nearest resistance level is ₹84.66.
- A wide-range downward anomaly occurred on September 15, 2026.
- Annualized volatility is 36% with a current drawdown of -11%.

- Doji
- Harami
- Bearish Engulfing Reversal
- Outside Bar
- Inside Bar

### News Context

Bank of Maharashtra (MAHABANK) announced its first-ever overseas bond issuance of $500 million on September 18, 2026. The issuance was met with strong demand, receiving three times the subscription amount, which the bank highlighted as a significant milestone. Separately, on the same day, public sector bank stocks, including MAHABANK, experienced positive movement attributed to a circulating fake document about a potential merger of several public sector banks. The government officially debunked this rumor, confirming the document's inauthenticity and advising caution. Earlier in the week, on September 16, the bank's Akola Zone celebrated its 92nd Foundation Day by hosting an MSME credit outreach program aimed at existing and prospective small and medium enterprise customers.

- On September 18, 2026, Bank of Maharashtra successfully completed its debut $500 million overseas bond issuance, which was oversubscribed by three times.
- On September 18, 2026, public sector bank stocks, including MAHABANK, saw positive price action following rumors of a bank merger, which the government later confirmed as false.
- The bank celebrated its 92nd Foundation Day on September 16, 2026, with an MSME credit outreach program in Akola.

- Bank of Maharashtra's first-ever overseas bond issuance of $500 mn gets 3 times subscription
- SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?
- Bank Of Maharashtra Marks 92nd Foundation Day With MSME Credit Outreach In Akola
- 'Fake': Centre debunks viral gazette on merger of 9 public sector banks
- SBI, PNB, Bank of Baroda: Did Centre order merger of 9 public sector banks?

### What Changed

Bank of Maharashtra (MAHABANK) has recently undertaken its first overseas bond issuance, successfully raising $500 million which was subscribed three times over. This development, reported on September 18, 2026, marks a significant step in the bank's growth strategy. In parallel, the bank celebrated its 92nd Foundation Day on September 16, 2026, with a focus on MSME credit outreach in Akola. Separately, news on September 18, 2026, indicated a positive market reaction among public sector bank stocks, including MAHABANK, to unverified rumors of a merger, which the government has since clarified as inauthentic. The bank's share price saw an increase from ₹80.8 to ₹83.54 between the observation dates of September 17 and September 18, 2026.

- On September 18, 2026, Bank of Maharashtra announced the pricing of notes under its Medium-Term Note (MTN) Programme.
- A debut $500 million overseas bond issuance by Bank of Maharashtra was reported on September 18, 2026, achieving threefold subscription.
- Bank of Maharashtra celebrated its 92nd Foundation Day on September 16, 2026, with an MSME credit outreach program in Akola.
- On September 18, 2026, MAHABANK's stock price closed at ₹83.54, up from its previous close of ₹80.8.
- News on September 18, 2026, linked a rise in PSU bank stocks, including MAHABANK, to unconfirmed merger rumors, which were later denied by the government.

- Bank of Maharashtra's first-ever overseas bond issuance of $500 mn gets 3 times subscription
- SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?
- Bank Of Maharashtra Marks 92nd Foundation Day With MSME Credit Outreach In Akola
- Bank of Maharashtra has informed the Exchange about Intimation of Pricing of the Notes under the MTN Programme |SUBJECT: General Updates

### Official Filings

Bank of Maharashtra has disclosed several updates relevant to its financial standing and governance. On September 8, 2026, the bank confirmed the payment of annual interest amounting to ₹62,05,40,000.00 (including TDS) on its Basel III Additional Tier I Bonds. These bonds have an issue size of ₹710.00 crore and this payment was made on the due date. Additionally, the bank has established a USD 500 million Euro Medium Term Note Programme, with credit ratings assigned by S&P Global Ratings ('BBB') and Fitch Ratings ('BBB-') on September 7, 2026. These ratings reflect the notes' senior unsecured status and are linked to the bank's Issuer Default Rating, which is influenced by the Government of India's significant ownership. In terms of governance, the Government of India nominated Shri Saurabh Kumar as a Director on the Bank's Board, effective September 10, 2026, replacing Shri Abhijit Phukon. This appointment was disclosed on September 11, 2026. The bank also informed about a proposed one-day strike by employee trade unions on September 11, 2026, noting that while measures are in place to ensure operations, functioning might be affected.

- On September 8, 2026, Bank of Maharashtra paid ₹62,05,40,000.00 in annual interest on its Basel III Additional Tier I Bonds (issue size ₹710.00 crore).
- On September 7, 2026, S&P Global Ratings assigned a 'BBB' rating and Fitch Ratings assigned a 'BBB-' rating to the bank's newly established USD 500 million Euro Medium Term Note Programme.
- On September 10, 2026, Shri Saurabh Kumar was appointed as a Government of India Nominee Director on the bank's Board, effective immediately.
- On September 9, 2026, the bank disclosed a proposed one-day strike by employee trade unions scheduled for September 11, 2026.

- 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
- Bank of Maharashtra has informed the Exchange regarding Appointment of Mr Saurabh Kumar as GOI Nominee Director on the Board of the Bank w.e.f. September 10, 2026. |SUBJECT: Appointment
- BANK OF MAHARASHTRA has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Bank of Maharashtra has informed the Exchange about proposed Bank Strike |SUBJECT: General Updates
- Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal
- Credit rating |SUBJECT: Credit rating
- Bank of Maharashtra has informed the Exchange about Establishment of Euro Medium term Note Programme of USD 500 million |SUBJECT: General Updates
- Bank of Maharashtra has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates

### Fundamentals

Bank of Maharashtra (MAHABANK) reported an increase in income from ₹8,277.22 crore in Q3 FY2025-26 to ₹9,063.53 crore in Q1 FY2026-27. Over the same period, interest expended also rose from ₹3,921.56 crore to ₹4,264.29 crore. Operating profit before provisions and contingencies showed a positive trend, growing from ₹2,735.90 crore in Q3 FY2025-26 to ₹3,117.63 crore in Q1 FY2026-27. However, profit after tax from ordinary activities before tax experienced some fluctuation, increasing from ₹2,007.72 crore in Q3 FY2025-26 to ₹2,329.62 crore in Q4 FY2025-26, but then slightly decreasing to ₹2,277.22 crore in Q1 FY2026-27. Employee costs have shown a consistent increase, rising from ₹797.69 crore in Q3 FY2025-26 to ₹1,006.82 crore in Q1 FY2026-27. Other operating expenses decreased from ₹822.07 crore in Q3 FY2025-26 to ₹674.79 crore in Q1 FY2026-27. Investors may wish to monitor the bank's ability to manage its employee costs and the trend in profit after tax from ordinary activities before tax.

- Income increased from ₹8,277.22 crore in Q3 FY2025-26 to ₹9,063.53 crore in Q1 FY2026-27.
- Operating Profit Before Provision And Contingencies grew from ₹2,735.90 crore in Q3 FY2025-26 to ₹3,117.63 crore in Q1 FY2026-27.
- Profit Loss From Ordinary Activities Before Tax was ₹2,007.72 crore in Q3 FY2025-26, ₹2,329.62 crore in Q4 FY2025-26, and ₹2,277.22 crore in Q1 FY2026-27.
- Employees Cost rose from ₹797.69 crore in Q3 FY2025-26 to ₹1,006.82 crore in Q1 FY2026-27.
- Other Operating Expenses decreased from ₹822.07 crore in Q3 FY2025-26 to ₹674.79 crore in Q1 FY2026-27.

### Bull Case

The Bank of Maharashtra (MAHABANK) has demonstrated a significant milestone in its growth strategy with its first-ever overseas bond issuance of $500 million, which was three times oversubscribed. This indicates strong investor confidence and demand for the bank's debt instruments in the international market. Furthermore, the bank's technical indicators show a constructive setup across multiple timeframes. On a daily basis, the Supertrend is bullish, and the 20-day Exponential Moving Average (EMA) is above the 50-day EMA, with a positive slope. This trend strength is reinforced by the monthly and weekly Supertrend indicators also being bullish, suggesting sustained positive momentum. The bank's year-to-date return stands at 0.31, and its one-year return is 0.46, reflecting positive performance over these periods.

- The bank's debut $500 million overseas bond issuance was three times oversubscribed, signaling strong international investor interest.
- Daily technical indicators, including a bullish Supertrend and positive EMA slopes, suggest upward momentum.
- Monthly and weekly Supertrend indicators are also bullish, indicating sustained positive trends.
- The bank has achieved a year-to-date return of 0.31 and a one-year return of 0.46.

- Bank of Maharashtra's first-ever overseas bond issuance of $500 mn gets 3 times subscription
- SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?
- Bank Of Maharashtra Marks 92nd Foundation Day With MSME Credit Outreach In Akola
- 'Fake': Centre debunks viral gazette on merger of 9 public sector banks
- SBI, PNB, Bank of Baroda: Did Centre order merger of 9 public sector banks?

### Bear Case

The company's stock has experienced significant volatility, as indicated by an annualized volatility of 0.36 and a current drawdown of -0.11. While recent returns show positive trends over one year (0.46) and year-to-date (0.31), there are cautionary signals in shorter timeframes, with a 3-month return of -0.07. The technical indicators show a strong monthly trend (ADX 14 at 65.24) but a less pronounced daily trend (ADX 14 at 16.24), suggesting potential shifts in momentum. The stock is trading near its nearest resistance levels, with the closest at 84.66, representing a 1.34% increase from the current price.

- Annualized volatility stands at 0.36 as of 2026-09-18.
- The stock has a current drawdown of -0.11.
- A 3-month return of -0.07 contrasts with a 1-year return of 0.46.
- The nearest resistance level is observed at 84.66, which is 1.34% above the current price of 83.54.

- Bank of Maharashtra's first-ever overseas bond issuance of $500 mn gets 3 times subscription
- SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?
- Bank Of Maharashtra Marks 92nd Foundation Day With MSME Credit Outreach In Akola
- 'Fake': Centre debunks viral gazette on merger of 9 public sector banks
- SBI, PNB, Bank of Baroda: Did Centre order merger of 9 public sector banks?

### FAQs

**What was the significance of Bank of Maharashtra's recent overseas bond issuance?**

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.

**How has the bank's stock performed over different periods?**

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%.

**What recent management changes have occurred at the bank?**

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.

**What are the key technical indicators for Bank of Maharashtra as of September 18, 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.

**Were there any recent events that impacted public sector bank stocks, including Bank of Maharashtra?**

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.

- Bank of Maharashtra's first-ever overseas bond issuance of $500 mn gets 3 times subscription
- SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?
- Bank Of Maharashtra Marks 92nd Foundation Day With MSME Credit Outreach In Akola
- 'Fake': Centre debunks viral gazette on merger of 9 public sector banks
- SBI, PNB, Bank of Baroda: Did Centre order merger of 9 public sector banks?
- 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
- Bank of Maharashtra has informed the Exchange regarding Appointment of Mr Saurabh Kumar as GOI Nominee Director on the Board of the Bank w.e.f. September 10, 2026. |SUBJECT: Appointment
- BANK OF MAHARASHTRA has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Bank of Maharashtra has informed the Exchange about proposed Bank Strike |SUBJECT: General Updates
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Uptrend
- Pivot point: ₹81.47
- Risk regime: Price Risk Requires Attention

### Support levels
- 81.31
- 79.555
- 75.75

### Resistance levels
- 86.975
- 91.2
- 94.5

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +3.39% |
| return_10 | -3.22% |
| return_1m | +3.79% |
| return_1y | +45.90% |
| return_20 | +4.06% |
| return_3m | -6.66% |
| return_5 | -0.96% |
| return_6m | +30.27% |
| return_since_start | +58.85% |
| return_ytd | +31.29% |

### 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 | +35.78% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Operating profit rises, but higher provisions cap net profit growth

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.

## Income and Net Interest Income

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.

## Operating Expenses

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 and Provisions

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 and Net Profit

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%.

## Asset Quality and Capital

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.

## Key Takeaway

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.

### Ratios

## Official filings

- 2026-09-18 — Generic Announcement: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MAHABANK_18092026141054_SE_interestpayment18092026.pdf)
- 2026-09-17 — Generic Announcement: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/MAHABANK_17092026223741_Intimation_of_Pricing_of_the_Notes_under_the_MTN_Programme.pdf)
- 2026-09-11 — Management Change: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/MAHABANK_11092026183231_Letter_to_SE__appointment_of_Shri_Saurabh_Kumar_10092026.pdf)
- 2026-09-11 — Generic Announcement: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2182_WebXMLFile_20260911_184244375.xml)
- 2026-09-09 — Generic Announcement: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/MAHABANK_09092026185814_LettertoSE_Strike_notice_09092026.pdf)
- 2026-09-08 — Generic Announcement: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MAHABANK_08092026153445_SE_interestpayment_08092026.pdf)
- 2026-09-07 — Credit Rating Update: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MAHABANK_07092026201710_LettertoSE_S_and_P_Credit_rating_07092026.pdf)
- 2026-09-07 — Credit Rating Update: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MAHABANK_07092026201107_LettertoSE_Fitch_Credit_rating_07092026.pdf)
- 2026-09-05 — Generic Announcement: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/MAHABANK_05092026223312_Letter_to_SE_Intimation_of_MTN_Programme.pdf)
- 2026-09-03 — Generic Announcement: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/MAHABANK_03092026211218_Letter_to_SE_Investor_Meet_Intimation_03092026.pdf)
- 2026-09-03 — Generic Announcement: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2182_WebXMLFile_20260903_211332795.xml)
- 2026-09-03 — Generic Announcement: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MAHABANK_03092026211803_Letter_to_SE_intimation_of_redemption_03092026.pdf)
- 2026-09-01 — Generic Announcement: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/MAHABANK_01092026125932_MCLRIntimation_August_2026.pdf)
- 2026-08-13 — Management Change: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/MAHABANK_13082026165545_Letter_to_SE__appointment_of_Shri_Naresh_Kumar_Vashisht_13082026.pdf)
- 2026-08-13 — Generic Announcement: Bank of Maharashtra — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2182_WebXMLFile_20260813_171310364.xml)
- 2026-07-24 — Management Change: Smt. Uma Vedula has resigned as Chief Compliance Officer (CCO) for personal reasons, effective July 23, 2026. Bank of Maharashtra is in the process of appointing a new CCO at the rank of Chief General Manager, in line with RBI guidelines requiring the CCO to be at least two levels below the CEO. — [Official attachment](https://nsearchives.nseindia.com/corporate/MAHABANK_24072026170605_Letterto_SE_Resignation_of_CCO.pdf)
- 2026-07-24 — Generic Announcement: Effective July 25, 2026, Bank of Maharashtra has revised its Marginal Cost of Funds Based Lending Rate (MCLR). The overnight MCLR decreased to 7.30% from 7.50%, and the six-month MCLR increased to 8.90% from 8.80%. The one-year MCLR also increased to 9.00% from 8.95%. Rates for one month and three months remained unchanged. — [Official attachment](https://nsearchives.nseindia.com/corporate/MAHABANK_24072026211638_MCLRIntimation_July_2026.pdf)
- 2026-07-21 — Official Filing: On July 21, 2026, ICRA Limited reaffirmed its ratings on Bank of Maharashtra's Basel III Tier II Bonds and Proposed Basel III Tier II Bonds, totaling Rs. 12,000 crore. The reaffirmed ratings are [ICRA]AA+ (Stable) for existing bonds and [ICRA]AA+ (Stable) for proposed bonds. This reaffirmation reflects the bank's sustained improvement in earnings, healthy loan book growth, steady margins, increasing operating efficiency, and an improving asset quality with a Gross NPA ratio of 1.45% as of June 30, 2026.
- 2026-07-16 — Generic Announcement: Bank of Maharashtra reported a strong Q1 FY27 with total business growth of 19% year-on-year, reaching INR 1,04,000 crores, and total advances growing by 27% year-on-year to INR 65,000 crores. Net profit increased by 27% year-on-year to INR 2,020 crores, and Net Interest Margin (NIM) stood at 3.85%. The bank maintained Gross NPA at 1.45% and Net NPA at 0.13%, with a Provision Coverage Ratio (PCR) of 98.55%. Recovery performance in Q1 was INR 709 crores, and stress in the loan book reduced by 140 basis points year-on-year to 3.18%. — [Official attachment](https://nsearchives.nseindia.com/corporate/MAHABANK_16072026130443_Letter_to_SE-_Concall_Transcript10072026.pdf)
- 2026-07-11 — Generic Announcement: Bank of Maharashtra published its financial results for the quarter ended June 30, 2026, in the Financial Express and Punyanagari newspapers on July 11, 2026, in compliance with SEBI regulations. — [Official attachment](https://nsearchives.nseindia.com/corporate/MAHABANK_11072026131107_LettertoSE_Newspaperpublication_11072026.pdf)
- 2026-07-10 — Earnings Presentation: Bank of Maharashtra has released an investor presentation detailing its financial results for the quarter ended June 30, 2026. The presentation includes highlights on macroeconomic conditions, business and financial performance, profitability, asset quality, and digital banking initiatives. Key financial metrics show year-over-year growth in total deposits by 19.10% and gross advances by 26.90%. — [Official attachment](https://nsearchives.nseindia.com/corporate/MAHABANK_10072026143141_LettertoSE_InvestorPresentation10072026.pdf)
- 2026-07-10 — Generic Announcement: Bank of Maharashtra conducted an earnings conference call on July 10, 2026, to discuss financial performance for the quarter ended June 30, 2026. The recording of this call is available on the bank's website. — [Official attachment](https://nsearchives.nseindia.com/corporate/MAHABANK_10072026205134_LettertoSE_AnalystOutcome10072026.pdf)
- 2026-07-10 — Official Filing: Bank of Maharashtra held an earnings/quarterly call for Q1 Results on 2026-07-10. A prior intimation for this meeting was disclosed on the same date.
- 2026-07-10 — Generic Announcement: Bank of Maharashtra has released an investor presentation detailing its financial results for the quarter ended June 30, 2026. The presentation includes highlights on macroeconomic conditions, business and financial performance, profitability, asset quality, and digital banking initiatives. Key financial metrics show year-over-year growth in total deposits by 19.10% and gross advances by 26.90%. — [Official attachment](https://nsearchives.nseindia.com/corporate/MAHABANK_10072026143348_LettertoSE_InvestorPresentation10072026.pdf)
- 2026-07-10 — Generic Announcement: Bank of Maharashtra's Board of Directors approved the unaudited financial results for the quarter ended June 30, 2026, on July 10, 2026. The bank reported a net profit after tax of Rs. 201,409 Lakhs for the standalone results and Rs. 202,054 Lakhs for consolidated results. The auditors issued a limited review report with an unmodified opinion for both standalone and consolidated financial results. The bank confirmed that issue proceeds for non-convertible debt securities were fully utilized with no deviations. — [Official attachment](https://nsearchives.nseindia.com/corporate/MAHABANK_10072026141218_LettertoSE_Outcome_of_Board_10072026.pdf)

## News and market events

- 2026-09-18 — The Hindu: **Bank of Maharashtra raises $500 million in global debt** — 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. — [Source](https://www.thehindubusinessline.com/money-and-banking/bank-of-maharashtra-raises-500-million-in-global-debt/article71480666.ece)
- 2026-09-18 — The Hindu: **Bank of Maharashtra's first-ever overseas bond issuance of $500 mn gets 3 times subscription** — Bank of Maharashtra's debut $500 million overseas bond issuance sees threefold subscription, marking a significant milestone in its growth. — [Source](https://www.thehindubusinessline.com/money-and-banking/bank-of-maharashtras-first-ever-overseas-bond-issuance-of-500-mn-gets-3-times-subscription/article71479613.ece)
- 2026-09-18 — Mint: **SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?** — 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. — [Source](https://www.livemint.com/market/stock-market-news/psu-bank-merger-sbi-pnb-to-bank-of-maharashtra-why-are-psu-bank-stocks-rising-today-11789704328894.html)
- 2026-09-17 — FREEPRESSJOURNAL.IN: **Bank Of Maharashtra Marks 92nd Foundation Day With MSME Credit Outreach In Akola** — 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 — [Source](https://www.freepressjournal.in/pune/bank-of-maharashtra-marks-92nd-foundation-day-with-msme-credit-outreach-in-akola)
- 2026-09-17 — BUSINESSTODAY: **'Fake': Centre debunks viral gazette on merger of 9 public sector banks** — 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 — [Source](https://www.businesstoday.in/india/story/fake-centre-debunks-viral-gazette-on-merger-of-9-public-sector-banks-556026-2026-09-17)
- 2026-09-16 — MONEYCONTROL: **SBI, PNB, Bank of Baroda: Did Centre order merger of 9 public sector banks?** — Bank merger, PSBs merger, Public Sector Bank merger, PIB Fact Check fake bank merger — [Source](https://www.moneycontrol.com/news/india/sbi-pnb-bank-of-baroda-did-centre-order-merger-of-9-public-sector-banks-14031414.html)
- 2026-09-12 — Mint: **Atal Pension Yojana: Premature withdrawal rules and how to claim maturity payout amount, explained | Mint** — 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. — [Source](https://www.livemint.com/money/personal-finance/atal-pension-yojana-apy-premature-withdrawal-rules-steps-how-claim-maturity-payout-amount-explained-how-to-apply-guide-11789229504909.html)
- 2026-09-11 — FREEPRESSJOURNAL.IN: **Nashik: Around 3,500 Bank Employees, Officers Join Nationwide Strike** — 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 — [Source](https://www.freepressjournal.in/pune/nashik-around-3500-bank-employees-officers-join-nationwide-strike)
- 2026-09-11 — MONEYCONTROL: **Senior citizens can earn up to 8.5% on FDs: Check the banks offering the highest rates** — Senior citizen fixed deposit interest rates, best FD rates for senior citizens, highest fixed deposit interest rates, small finance bank FD rates, private sector bank FD rates, public sector bank FD rates, foreign bank FD rates, 8.5 percent FD interest rate, fixed deposit investment for retirees, DICGC insurance cover 5 lakh — [Source](https://www.moneycontrol.com/news/business/personal-finance/senior-citizens-can-earn-up-to-8-5-on-fds-check-the-banks-offering-the-highest-rates-14027751.html)
- 2026-09-10 — Economic Times: **Four banks including RBL and Bank of Maharashtra line up overseas fund raise** — RBL Bank and Bank of Maharashtra are actively promoting dollar bonds in international markets as they look to refinance short-term loans acquired for FCNR(B) deposits. Meanwhile, UCO Bank and Bank of India are also gearing up for similar fundraising initiatives overseas, aiming to optimize their asset-liability structures following the closing of the FCNR(B) window. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/banking/four-banks-including-rbl-and-bank-of-maharashtra-line-up-overseas-fund-raise/articleshow/133966369.cms)
- 2026-09-10 — Economic Times: **Bank strike tomorrow September 11: PNB, Indian Bank, SBI, UCO, list of banks that may face disruptions** — Bank strike on September 11: Several major lenders have warned customers that branch and office services may be affected if employees join the nationwide walkout. The unions have also announced further strikes from September 28 to 30 and threatened an indefinite strike from October 26, with demands including a five-day banking week. — [Source](https://economictimes.indiatimes.com/news/new-updates/bank-strike-tomorrow-today-september-11-canara-bank-union-bank-pnb-indian-bank-sbi-uco-list-of-banks-that-may-face-disruptions/articleshow/134001049.cms)
- 2026-09-10 — MONEYCONTROL: **Bank of Maharashtra steps up digital lending push with AI-led MSME credit assessment** — Bank of Maharashtra, Bank of Maharashtra ScoreMe, ScoreMe Solutions, Bank of Maharashtra digital lending, MSME lending, AI MSME underwriting, AI in banking, digital lending India, EASE 9.0, MSME credit assessment — [Source](https://www.moneycontrol.com/news/business/bank-of-maharashtra-steps-up-digital-lending-push-with-ai-led-msme-credit-assessment-14027087.html)
- 2026-09-10 — FREEPRESSJOURNAL.IN: **Bank Strikes May Disrupt Services Nationwide, Indian Bank, UCO Bank, BoM And PNB Issue Alerts** — Indian Bank, UCO Bank, Bank of Maharashtra and PNB have warned of possible service disruptions during nationwide strikes starting September 11. — [Source](https://www.freepressjournal.in/business/bank-strikes-may-disrupt-services-nationwide-indian-bank-uco-bank-bom-and-pnb-issue-alerts)
- 2026-09-09 — CNBC-TV18: **Bank strikes: Indian Bank, Bank of Maharashtra and PNB warn of possible disruption** — Indian Bank, Bank of Maharashtra and Punjab National Bank have warned that branch and office operations could be affected by planned bank strikes starting September 11, even as the government has put the public-sector bank performance-linked incentive scheme on hold. — [Source](https://www.cnbctv18.com/business/bank-strikes-indian-bank-bank-of-maharashtra-and-pnb-warn-of-possible-disruption-19987911.htm)
- 2026-09-09 — Economic Times: **RBL, BoM eye dollar bonds to refinance FCNR funding** — RBL Bank and Bank of Maharashtra are actively promoting dollar bonds in international markets as they look to refinance short-term loans acquired for FCNR(B) deposits. Meanwhile, UCO Bank and Bank of India are also gearing up for similar fundraising initiatives overseas, aiming to optimize their asset-liability structures following the closing of the FCNR(B) window. These funds will facilitate the repayment of short-term loans taken by the banks. — [Source](https://economictimes.indiatimes.com/markets/forex/forex-news/rbl-bom-eye-dollar-bonds-to-refinance-fcnr-funding/articleshow/133946872.cms)
- 2026-09-09 — Mint: **Banks scramble for foreign loans after FCNR deluge | Mint** — Indian banks are pursuing overseas funding through OFCBs to replace short-term financing used for FCNR(B) schemes — [Source](https://www.livemint.com/industry/banking/banks-offshore-funding-127-billion-fcnr-b-deposit-scheme-nri-rbi-11788846434018.html)
- 2026-09-07 — BUSINESSTODAY: **Reliance Finance case gets bigger: CBI chargesheets 17 more, including Group MD, CFO, company secretary** — CBI Reliance Commercial Finance case, Reliance ADA Group case, Rs 6229 crore fund diversion, Reliance Commercial Finance chargesheet, CBI chargesheet Reliance, Amitabh Jhunjhunwala, Amit Bapna, Reliance Power CBI case, Rs 9280 crore bank loss, Reliance ADA Group investigation — [Source](https://www.businesstoday.in/latest/corporate/story/reliance-finance-case-gets-bigger-cbi-chargesheets-17-more-including-group-md-cfo-company-secretary-553767-2026-09-07)
- 2026-09-07 — Economic Times: **Bank of Maharashtra, Canara Bank eye dollar debt issuance this month, bankers say** — Canara Bank and Bank of Maharashtra will raise $500 million each through dollar bonds. These lenders will issue three-year or five-year papers under a concessional swap window. This move aims to lower the cost of hedging currency exchange rate risks. Bank of Maharashtra is making its debut issuance, while Canara Bank has issued before. Both debt sales are anticipated to be completed during the month of September. — [Source](https://economictimes.indiatimes.com/markets/bonds/bank-of-maharashtra-canara-bank-eye-dollar-debt-issuance-this-month-bankers-say/articleshow/133878355.cms)
- 2026-09-05 — Economic Times: **Highest senior citizen FD interest rates up to 8.50 in 2026: Top 5 fixed deposit rates from PSU, private and small finance banks - The Economic Times** — Highest senior citizen FD interest rates: Small finance banks offer senior citizens the highest fixed deposit rates currently. Equitas, ESAF, and Suryoday Small Finance Banks provide 8.50% interest. Public sector banks like Bank of India offer competitive rates on specific tenures. — [Source](https://economictimes.indiatimes.com/wealth/invest/highest-senior-citizen-fd-interest-rates-up-to-8-50-in-2026-top-5-fixed-deposit-rates-from-psu-private-and-small-finance-banks/articleshow/133798040.cms)
- 2026-09-03 — BUSINESS: **Indices trade in positive terrain; PSU Bank shares jump** — PSU Bank shares witnessed buying demand for second consecutive trading sessions. — [Source](https://www.business-standard.com/markets/capital-market-news/indices-trade-in-positive-terrain-psu-bank-shares-jump-126090300399_1.html)
- 2026-09-03 — Times of India: **Top stocks to buy today: Stock recommendations for September 3, 2026 - check list** — India Business News: Top stock market recommendations: Bank of Maharashtra, Glenmark Pharma, and Tata Technologies have been shared as the top stocks to buy today on Septe. — [Source](https://timesofindia.indiatimes.com/business/india-business/top-stock-recommendations-for-september-03-2026-bank-of-maharashtra-glenmark-pharma-tata-technologies-best-stocks-to-buy-today/articleshow/133723261.cms)
- 2026-08-28 — The Hindu: **The Latest Fixed Deposit Interest Rates: Aug 28, 2026** — The Latest Fixed Deposit Interest Rates: Aug 28, 2026 — [Source](https://www.thehindubusinessline.com/money-and-banking/the-latest-fixed-deposit-interest-rates-aug-28-2026/article64808518.ece)
- 2026-08-27 — Mint: **Stocks to buy: Nagaraj Shetti recommends Bank of Maharashtra, Ashok Leyland shares to buy in the short-term** — On 27 August, domestic indices fell, influenced by HDFC Bank's lawsuit and soft crude prices. The Nifty 50 decreased 0.20%, and the Sensex dipped 0.28%. Despite overall market breadth remaining positive, the near-term Nifty 50 trend remains subdued, with no notable breakout. — [Source](https://www.livemint.com/market/stock-market-news/stocks-to-buy-nagaraj-shetti-recommends-bank-of-maharashtra-ashok-leyland-shares-to-buy-in-the-shortterm-11787810238357.html)
- 2026-08-27 — Mint: **Stocks to buy for short term: Amol Athawale of Kotak Securities bullish on 3 stocks; do you own any?** — Amol Athawale from Kotak Securities highlights three stocks poised for growth in the coming weeks amidst a fluctuating market. With pivotal resistance levels identified, traders have potential opportunities for profit.  — [Source](https://www.livemint.com/market/stock-market-news/stocks-to-buy-for-short-term-amol-athawale-of-kotak-securities-bullish-on-3-stocks-do-you-own-any-11787754452058.html)
- 2026-08-27 — The Hindu: **Sensex today | Stock Market Live: Stock to buy today: Bank of Maharashtra (₹85.60) – BUY** — Sensex, Nifty, Share Prices LIVE: Bank of Maharashtra share price can rise to ₹97 — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-27th-august-2026/article71392989.ece)

## 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: 2026-09-18
- Source: Faxioms public stock analysis API

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