Bank of Maharashtra — Investor Meet, 27-04-2026: Analysts/Institutional Investor Meet/Con. Call Updates

**Financial Performance:** Bank of Maharashtra reported a strong FY26, with Net Profit rising 27% YoY to INR 7,019 Cr. NIM stood at 3.91%, and ROA at 1.86%. Advances grew 22% and deposits 14%, maintaining a healthy CASA ratio of 52.51%. Asset quality significantly improved, with GNPA at 1.45% and NNPA at 0.13%.

**Outlook & Strategy:** FY27 guidance targets 16-17% business growth, 18% advances growth, and an enhanced ROA guidance of 1.80%. Strategic priorities include expanding fee-based income, strengthening deposits, and a calibrated branch expansion (Project 321 ongoing). The bank made a INR 200 Cr provision for geopolitical uncertainties.

**Key Insights:** Maharashtra's farm loan waiver is expected to benefit agri NPA and boost savings accounts. Gold loan growth saw a temporary dip due to regulatory changes in co-lending models, now picking up. Management expresses confidence in continued profitable growth and asset quality management.