Bank of Maharashtra Reports 18% Growth in Total Business for FY26
Bank of Maharashtra gains on reporting 18% growth in total business in FY26
Business Standard
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Bank of Maharashtra experienced a significant 18% growth in total business, reaching ₹6,42,700 crore for the financial year ending March 31, 2026. Total deposits rose by 14% to ₹3,50,585 crore, while net profit surged by 26.51% to ₹1,779.33 crore in Q3 FY26 compared to the previous year.
- 01Total business increased by 18% to ₹6,42,700 crore.
- 02Total deposits grew by 14% to ₹3,50,585 crore.
- 03Net profit jumped by 26.51% to ₹1,779.33 crore in Q3 FY26.
- 04Global advances rose by 22% to ₹2,92,115 crore.
- 05Domestic credit-deposit ratio improved to 82% from 78%.
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Bank of Maharashtra's total business surged by 18% year-on-year, reaching ₹6,42,700 crore for the financial year ending on March 31, 2026. The bank's total deposits rose by 14% to ₹3,50,585 crore, with CASA deposits increasing by 13% to ₹1,84,110 crore. The CASA ratio remained stable at 53%. Global advances also saw a robust growth of 22%, amounting to ₹2,92,115 crore, while retail, agriculture, and MSME (RAM) advances increased by 21% to ₹1,79,847 crore. The corporate advances were reported at ₹1,06,143 crore, marking a 17% rise year-on-year. The bank's standalone net profit rose by 26.51% to ₹1,779.33 crore, with total income increasing by 16.37% to ₹8,277.06 crore in Q3 FY26 compared to Q3 FY25. The domestic credit-deposit ratio improved to 82%, indicating stronger credit growth.
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The growth in total business and deposits indicates a stronger financial position for Bank of Maharashtra, which could lead to increased lending capacity and better services for customers.
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