Net Interest Income (NII) also registered healthy growth, rising by 16.27% YoY during the quarter at Rs 7,344 crore, versus Rs 6,325 crore in the year-ago period.
The bank’s Return on Assets (RoA) improved to 1.86% in Q3FY26, up from 1.78% in the corresponding quarter last year.
On the liabilities side, Total Deposits increased by 15.29% YoY, supported by a 20% rise in Current Deposits and a 14.69% increase in Term Deposits. Savings Deposits also grew by 14.49% during the period.
Gross Advances expanded by 19.62% YoY, while Retail Advances posted a strong growth of 36.4%. MSME Advances rose by 7.54% in the same period.
The bank continued to strengthen its asset quality metrics. Gross Non-Performing Assets (Gross NPA) declined to 1.60% from 1.80% a year ago, while Net NPA came down to 0.15% from 0.20%, indicating tighter control over bad loans.
Operating Profit for the quarter increased by 18.78% YoY. The Cost to Income Ratio improved to 37.19% from 38.27% in Q3FY25, reflecting better operating efficiency.Overall, Total Business grew by 17.24% YoY in the December quarter.
As of December 2025, Bank of Maharashtra’s number of outstanding shares stood at 769 crore. The bank’s market capitalization rose to Rs 47,726 crore, while net worth reached Rs 29,923 crore.
Return on Equity improved to 23.79% and Return on Assets stood at 1.86%. The bank reported Earnings Per Share (not annualized) of Rs 2.31 for the quarter, and its Book Value Per Share (excluding revaluation reserves) increased to Rs 38.90.
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