Bank of Maharashtra — Credit Ratings, 22-01-2026: Credit Rating

Brickwork Ratings (BWR) reaffirmed its 'BWR AA+/Stable' rating for Bank of Maharashtra's Basel III Tier II bonds totaling ₹2000 Cr. This decision reflects business growth, improved earnings, stable asset quality, comfortable capitalization, and government support. The 'Stable' outlook indicates low likelihood of a rating change. BWR notes GOI's reduced stake and will monitor its impact.