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Public sector lender Bank of Maharashtra’s (BoM’s) net profit during the second quarter of financial year 20224-25 (Q2 FY25) soared 44.24 percent year-on-year (Y-o-Y) to Rs 1,327 crore, an impressive showing which was aided by a healthy rise in net interest income (NII).  Sequentially, the Pune-based lender’s net profit rose by 2.62 percent from Rs 1,293 crore in June 2024 (Q1Fy25). NII expanded 15.41 percent Y-o-Y to Rs 2,807 crore in Q2FY25 compared to Rs 2,432 crore in the same quarter a year ago. Net interest margin (NIM) improved to 3.98 per cent in Q2FY25 compared to 3.89 percent in Q2FY24. Sequentially, NIM was up by one basis point compared to 3.97 per cent in Q1FY25.

Bank of Maharashtra Q2 results: Net profit up 44% on healthy NII growth

state-owned Bank of Maharashtra on Wednesday entered into a strategic co-branding partnership with SBI Card to launch co-branded credit cards tailored to meet the evolving financial and lifestyle needs of its customers. Under this partnership, bank customers will be able to access a range of co-branded credit cards, designed with attractive features including reward points, cashback offers, fuel surcharge waivers, EMI facilities, and exclusive merchant discounts across key spending categories like dining, travel, and e-commerce, Bank of Maharashtra (BoM) said in a statement.

Bank of Maharashtra signs MoU with SBI Card for co-branded credit cards

With the oversubscription of the offer-for-sale (OFS) of state-owned Bank of Maharashtra, the government is expected to realise about Rs 2,492 crore by diluting its 6 per cent stake in the bank.

Bank of Maharashtra OFS oversubscribed, govt mops up Rs 2,492 cr

With 43% of its branches in Maharashtra, the bank faces high regional concentration. To mitigate this risk, it is executing a national expansion strategy with the goal of establishing at least one branch in every district across India.




The issuer has made timely interest payments.

Mr. Nidhu Saxena , MD and CEO

Founded in 1935, Bank of Maharashtra is a major Public Sector Bank with a 73.60% Government stake (as of Dec 2025). Leveraging its massive presence in Maharashtra—home to 43% of its 2,719 branches and the financial hub of Mumbai—the bank is now expanding nationally to ensure a footprint in every district across India.


As of December 31, 2025, Bank of Maharashtra reached a Rs. 5.95 lakh crore business size, growing 17.24% YoY. This comprises Rs. 3.22 lakh crore in deposits—driven by a strong 49.54% CASA ratio—and Rs. 2.73 lakh crore in advances. Credit is spread across Corporates (37.34%), Retail (30.50%), MSME (18.72%), and Agriculture (13.44%), with primary sector focus on Infrastructure (17.89%), Housing (16.71%), and Agriculture (13.36%)

As of December 31, 2025, the bank holds a Rs. 29,923 crore net worth with robust capital ratios: 17.06% CAR, 13.95% Tier I, and 13.10% CET-I. Recent liquidity boosts include a Rs. 3,500 crore QIP, Rs. 9,400 crore SIDBI refinancing, and Rs. 2,423 crore in Infra bonds issued against a Rs. 10,000 crore approval.


The Bank's industry-leading CASA ratio minimizes its cost of funds, complemented by optimized refinancing from MUDRA, NABARD, and SIDBI.




Security Name: 8.74% Bank Of Maharashtra (P) Call : 08 Sep 2027

ISIN: INE457A08118

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