Bank of Maharashtra Shares Surge Following Strong Q4FY26 Results
Bank of Maharashtra shares rise after declaration of Q4FY26 provisional numbers
Mint
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Bank of Maharashtra shares increased by 4.5% after announcing a 22% credit growth, totaling ₹2.92 lakh crore for Q4FY26. The bank also reported a 14% rise in total deposits, reaching ₹3.50 lakh crore, contributing to an 18% growth in total business to ₹6.42 lakh crore.
- 01Bank of Maharashtra's credit growth reached 22%, totaling ₹2.92 lakh crore for Q4FY26.
- 02Total deposits increased by 14%, amounting to ₹3.50 lakh crore.
- 03The bank's total business grew by 18%, reaching ₹6.42 lakh crore.
- 04The CASA ratio improved to 53% of overall deposits.
- 05Stock analysts suggest a potential breakout above ₹67 could push shares towards ₹73-75.
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Bank of Maharashtra, a public sector bank based in Pune, reported a 22% increase in credit growth for the fourth quarter ending March 2026, totaling ₹2.92 lakh crore. This is up from ₹2.40 lakh crore in the same quarter of the previous fiscal year. The bank also saw a 14% rise in total deposits, reaching ₹3.50 lakh crore, compared to ₹3.07 lakh crore a year earlier. Consequently, the total business, which includes both credit and deposits, grew by 18%, increasing to ₹6.42 lakh crore from ₹5.46 lakh crore as of March 31, 2025. The Current Accounts and Savings Accounts (CASA) ratio improved by 13%, with low-cost CASA deposits making up 53% of total deposits. Following these announcements, Bank of Maharashtra shares rose 4.5%, with prices fluctuating between ₹63.01 and ₹66.85 during trading. Analysts suggest that a sustained move above ₹67 could lead to further price increases, potentially reaching ₹73-75.
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The growth in credit and deposits indicates a strengthening financial position for Bank of Maharashtra, which could lead to more competitive loan offerings and improved financial services for customers.
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