Net interest income (difference between interest earned and interest expended) in the reporting quarter was up about 16 per cent y-o-y at ₹3,422 crore (₹2,944 crore in the year-ago period).
Bank of Maharashtra (BoM) reported its highest quarterly net profit at ₹1,779 crore in the third quarter (Q3FY26) on the back of healthy growth in net interest income and non-interest income and lower provisioning burden for standard/restructured assets.
The Pune-headquartered public sector bank had reported a net profit of ₹1,406 crore in the year-ago quarter. The bank’s board has approved an interim dividend of 10 per cent on the equity shares: ₹1 per share having a face value of ₹10 each for FY26.
Net interest income (difference between interest earned and interest expended) in the reporting quarter was up about 16 per cent y-o-y at ₹3,422 crore (₹2,944 crore in the year-ago period).
Other income, including fee-based income, treasury income and recovery in written-off account, rose about 18 per cent y-o-y to ₹933 crore (₹788 crore).
Nidhu Saxena, MD & CEO, said the bank has a strong corporate loan sanctions pipeline of ₹50,000-55,000 crore and another ₹20,000 crore in various stages of disbursement. He expects the asset quality to be maintained at current levels.
While provisioning for non-performing assets (NPAs) rose to ₹660 crore (₹593 crore), provision for standard/restructured assets declined to ₹79 crore (₹244 crore).
Net interest margin (NIM) declined to 3.86 per cent against 3.98 per cent in the year-ago period amid cost of funds rising marginally (to 4.22 per cent from 4.19 per cent) even as yield on advances declined (to 8.92 per cent from 9.27 per cent).
Gross non-performingassets (NPAs) position improved to 1.60 per cent of gross advances by December-end 2025 against 1.80 per cent in December-end 2024. Net NPAs position, too, improved a shade to 0.15 per cent of net advances against 0.20 per cent.
Gross advances increased by about 20 per cent y-o-y to ₹2,73,502 crore by December-end 2025, with RAM (retail, agriculture and MSME) advances and corporate & other advances growing by about 20 per cent and about 14 per cent, respectively.
Total deposits rose about 15 per cent yoy to stand at ₹3,21,661 crore by December-end 2025. Low-cost CASA (current account, savings account) deposits nudged up to 49.54 per cent of total deposits against 49.28 per cent in the year-ago quarter.
BoM’s shares closed at ₹65.08 per share, up 1.96 per cent over the previous close on BSE.
Published on January 13, 2026
