New Delhi: Bank of Maharashtra has reported a robust performance for the June quarter of FY26, highlighting strong growth in advances, deposits, and overall business. The public sector lender posted a 27% year-on-year increase in gross advances, driven by healthy momentum across retail, agriculture, MSME, and corporate segments.
Total Credit Surges to ₹3.06 Lakh Crore
The bank’s total credit (gross advances) rose sharply to ₹3.06 lakh crore, compared to ₹2.41 lakh crore in the same quarter last year. This reflects a strong expansion in lending activity across key business verticals.
The growth signals sustained credit demand and effective loan book expansion strategy by the Pune-based lender.
Strong Growth in Retail, Agriculture & MSME Loans
The retail, agriculture, and MSME (RAM) segment continued to be a major growth driver for the bank.
- RAM portfolio grew 25% year-on-year
- Total RAM exposure reached ₹1.87 lakh crore
This indicates continued demand from small businesses, farmers, and retail borrowers, which form a significant part of the bank’s portfolio.
Corporate Lending Crosses ₹1 Lakh Crore Mark
The bank’s corporate loan book also expanded significantly:
- Corporate credit rose to ₹1.11 lakh crore
- Growth of 21% year-on-year
- Crossed the key milestone of ₹1 lakh crore
This shows balanced growth across both retail and corporate segments.
Deposits Grow 13% to ₹3.44 Lakh Crore
On the liability side, total deposits increased steadily:
- Deposits rose 13% year-on-year
- Reached ₹3.44 lakh crore
- Compared with ₹3.05 lakh crore a year earlier
This reflects stable customer confidence and steady deposit mobilisation.
CASA Ratio at 49%, Slight Decline YoY
The Current Account Savings Account (CASA) ratio, an important indicator of low-cost deposits, stood at:
- 49% of total deposits
- Slight decline from 50% in the previous year
Despite a marginal dip, the CASA ratio remains at a healthy level, supporting the bank’s cost efficiency.
Total Business Climbs 19% to ₹6.51 Lakh Crore
The combined performance of deposits and advances pushed the bank’s total business higher:
- Total business grew 19% year-on-year
- Reached ₹6.51 lakh crore
- Compared with ₹5.46 lakh crore last year
This reflects strong overall operational growth across all banking segments.
About Bank of Maharashtra
Bank of Maharashtra is a leading public sector bank headquartered in Pune, India. It offers a wide range of banking and financial services across retail, corporate, and agricultural segments. Known for its strong regional presence and improving asset quality, the bank has been consistently delivering steady growth in profits and expanding its national footprint.
