Bank of Maharashtra — Credit Ratings, 04-03-2026: Credit Rating

Fitch Ratings affirmed Bank of Maharashtra's Long Term IDR at BBB- (Stable) and Short Term IDR at F3. Importantly, Fitch upgraded the bank's Viability Rating to 'bb' and its Long Term IDR (xgs) to 'BB (xgs)'. These upgrades reflect sustained improvements in the bank's financial profile, asset quality, and earnings, strengthening capital buffers and reducing risks.