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Bank of Maharashtra reported strong growth across key financial parameters in the fourth quarter of FY26. The bank's total credit rose 22 per cent year-on-year to INR 2.92 lakh crore, supported by steady expansion in corporate and retail, agriculture, and MSME (RAM) segments. Deposits increased 14 per cent to INR 3.50 lakh crore, while total business grew 18 per cent to INR 6.42 lakh crore. The CASA ratio also improved, indicating a higher share of low-cost deposits, which supports better margins and operational efficiency.
Bank of Maharashtra reported a 22 per cent year-on-year increase in total credit, reaching INR 2.92 lakh crore in the fourth quarter of FY26, according to a regulatory filing. The lender had recorded outstanding credit of INR 2.40 lakh crore in the corresponding period of the previous financial year. Advertisement
The credit portfolio was driven by both corporate and retail segments. Corporate credit stood at INR 1.12 lakh crore, while retail, agriculture and MSME (RAM) advances accounted for INR 1.79 lakh crore during the quarter. The bank has been focusing on diversifying its loan book with a balanced mix of corporate and granular retail lending in recent years.
On the liabilities side, total deposits rose 14 per cent year-on-year to INR 3.50 lakh crore, compared to INR 3.07 lakh crore in the same period last year. The steady growth in deposits reflects improved customer traction and continued expansion in branch and digital banking networks.
As a result of the increase in both credit and deposits, the bank's total business grew 18 per cent to INR 6.42 lakh crore, up from INR 5.46 lakh crore recorded at the end of the previous financial year. This growth aligns with the bank's ongoing strategy to strengthen its balance sheet and expand its market presence among public sector lenders.
The bank also reported an improvement in its CASA deposits, which rose to INR 1.84 lakh crore from INR 1.63 lakh crore in the corresponding quarter last year, marking a 13 per cent increase. CASA deposits accounted for 53 per cent of total deposits, indicating a strong share of low-cost funds.
In recent quarters, Bank of Maharashtra has consistently reported one of the higher growth rates among public sector banks, supported by better asset quality, improved capital position, and a focus on profitable lending segments. The rise in CASA ratio is particularly significant as it helps reduce the cost of funds and supports margins.
Source PTI
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