Bank of Maharashtra reported strong provisional results for the quarter ended June 30, 2026. Total business grew 19% to ₹6.51 Lakh Crore, driven by a 27% rise in Global Advances to ₹3.06 Lakh Crore and a 13% increase in Total Deposits to ₹3.44 Lakh Crore. Investors should watch the CASA ratio and liquidity.
Bank of Maharashtra Sees Strong Advance Growth
Provisional figures for the quarter ended June 30, 2026, show Bank of Maharashtra's Total Business grew 19% year-on-year to ₹6.51 Lakh Crore.
Total Deposits increased 13% to ₹3.44 Lakh Crore, while Global Advances surged by 27% to ₹3.06 Lakh Crore.
Reader Takeaway: Strong credit demand met; monitor deposit growth and liquidity.
What just happened
Bank of Maharashtra has released its provisional financial highlights for the quarter ending June 30, 2026. The bank reported a robust 19% year-on-year growth in Total Business, reaching ₹6.51 Lakh Crore. This expansion was primarily fueled by a significant 27% increase in Global Advances, which stood at ₹3.06 Lakh Crore. Total Deposits also saw a healthy rise of 13%, amounting to ₹3.44 Lakh Crore.
Why this matters
The substantial growth in advances, especially the 27% year-on-year jump, indicates strong credit demand and the bank's ability to capitalize on it. This growth is broad-based, with RAM Advances (Retail, Agriculture, MSME) growing 25% and Corporate Advances (Domestic) up 21%. This performance suggests effective business development across key customer segments.
The backstory
Bank of Maharashtra is a public sector bank headquartered in Pune, Maharashtra. It is one of the leading public sector banks with a wide network of branches across India.
What changes now
These are provisional figures, and investors should await the final audited results. The key focus areas for investors will be the bank's ability to sustain this credit growth while managing its deposit base and cost of funds. The CASA ratio, though still strong at 49%, has seen a marginal decline from 50% in the previous year, which warrants attention.
Risks to watch
A significant risk highlighted is the mismatch between credit growth (27%) and deposit growth (13%). This could potentially strain the bank's liquidity and impact its net interest margins if not managed carefully. The provisional nature of the data also means final figures could differ.
Context metrics (time-bound)
As of June 30, 2026 (Provisional):
- Total Business: ₹6.51 Lakh Crore (up 19% YoY)
- Total Deposits: ₹3.44 Lakh Crore (up 13% YoY)
- Global Advances: ₹3.06 Lakh Crore (up 27% YoY)
- RAM Advances: ₹1.87 Lakh Crore (up 25% YoY)
- Corporate Advances (Domestic): ₹1.11 Lakh Crore (up 21% YoY)
- CASA Ratio: 49%
As of June 30, 2025 (Reviewed):
- Total Business: ₹5.46 Lakh Crore
- Total Deposits: ₹3.05 Lakh Crore
- Global Advances: ₹2.41 Lakh Crore
- RAM Advances: ₹1.50 Lakh Crore
- Corporate Advances (Domestic): ₹0.91 Lakh Crore
- CASA Ratio: 50%