Financial Performance Highlights
Bank of Maharashtra reported strong financial results for FY 2025-26 with net profit increasing by 27.17% to ₹7,019 crore from ₹5,520 crore in FY25. Total business grew 17.47% to ₹6,42,531 crore, comprising deposits of ₹3,50,564 crore (14.14% growth) and advances of ₹2,91,967 crore (21.74% growth). The bank maintained healthy asset quality with Gross NPA reducing to 1.45% from 1.74% and Net NPA declining to 0.13% from 0.18%, while provision coverage ratio improved to 98.59%. Capital adequacy remained robust at 18.36% CRAR with Common Equity Tier 1 ratio at 14.59%.
Liquidity and Regulatory Compliance
The bank demonstrated strong liquidity management with Liquidity Coverage Ratio (LCR) averaging 114.95% for Q4 March 2026 and Net Stable Funding Ratio (NSFR) at 125.22%, both significantly exceeding RBI's 100% minimum requirement. High-quality liquid assets stood at ₹81,545.15 crore, primarily driven by government securities held in excess of SLR requirements. The bank successfully completed an Offer for Sale (OFS) of 46,15,68,297 equity shares in December 2025, achieving compliance with SEBI's minimum public shareholding requirement of 25%.
Digital Transformation and Expansion Initiatives
Digital transformation was a key focus area with the launch of new mobile banking application "Zen Lyfe" and implementation of over 120 Robotic Process Automation (RPA) processes. Digital business mobilization exceeded ₹11,400 crore, while the bank onboarded 114+ Fintech partners for financial services. Network expansion included adding 183 new branches during the year, bringing total banking outlets to 3,061 across all 28 states and 8 union territories, including the first overseas branch at IFSC Banking Unit, GIFT City, Gujarat.
Audit and Governance
Auditors issued an unmodified opinion on the consolidated financial statements, confirming compliance with accounting standards and regulatory requirements. The audit relied on other auditors for one subsidiary with ₹28.53 crore assets and unaudited financials for one associate with ₹3.78 crore net loss. The report confirmed proper maintenance of books, transactions within the bank's powers, and no adverse observations affecting bank functioning. Four audit firms jointly attested to the financial statements with emphasis on COVID-19 provision of ₹1,010 crore and impairment loss on associate investment of ₹280.59 crore.
Dividend and Future Outlook
The board recommended a final dividend of ₹1.20 per equity share (12%) subject to shareholder approval, in addition to the interim dividend of ₹1.00 per share (10%) already paid. For FY2026-27, the bank has designated it as "Year of Deposits" to improve retail participation and liquidity resilience, with plans to add 1,000 branches over five years and enhanced focus on agriculture and MSME sectors alongside continued adoption of AI-led solutions for smarter banking experiences.