Bank of Maharashtra reported a 41 per cent year-on-year jump in second-quarter net profit to ₹2,310 crore — yaani about ₹23.1 billion — its highest in eight quarters, on the back of robust growth in net interest income and other income, The Hindu BusinessLine reported. The Pune-headquartered public sector bank had reported a net profit of ₹1,633 crore in the year-ago quarter.
Source: The Hindu BusinessLine
Net interest income rose 22 per cent year on year to ₹3,954 crore, from ₹3,248 crore in Q2 of FY26, while other income — commission, fees, forex and derivative earnings, investment gains and recoveries from written-off accounts — rose 34 per cent to ₹1,129 crore, from ₹845 crore. Net interest margin improved to 3.97 per cent, from 3.85 per cent, BusinessLine reported.
Source: The Hindu BusinessLine
Asset quality improved: gross non-performing assets fell to 1.25 per cent of gross advances at the end of September 2026, from 1.72 per cent a year earlier, and net NPAs eased to 0.12 per cent of net advances, from 0.18 per cent. Total deposits grew 21.5 per cent year on year to ₹3,76,407 crore — yaani about ₹3.76 lakh crore — at September-end, while the low-cost CASA share of domestic deposits declined to 46.47 per cent, from 50.35 per cent, BusinessLine reported.
Source: The Hindu BusinessLine
The bank's unaudited results for the quarter and half year ended September 30, 2026, approved by its board, put half-year net profit at ₹4,329.78 crore on total income of ₹18,798.70 crore, with the statutory central auditors issuing an unmodified limited-review opinion, according to the bank's regulatory filing summarised by InvestyWise. Managing Director and CEO Nidhu Saxena attributed a substantial increase in provisioning for standard and restructured assets to an additional ₹500 crore made to comply with Expected Credit Loss norms, BusinessLine reported.
Source: InvestyWise (bank filing)
Total global business grew 25.16 per cent to ₹7,05,766 crore — yaani about ₹7.06 lakh crore — driven by a 29.61 per cent rise in gross global advances to ₹3,29,359 crore, with provision coverage at 98.53 per cent and capital adequacy under Basel III at 18.51 per cent, according to the bank's filing data reported by FilingReader.
Source: FilingReader (bank filing)