Bank of Maharashtra Reports 14% Growth in Global Business for September 2025 Quarter

Pune, October 6, 2025: For the quarter ended September 30, 2025, Bank of Maharashtra (NSE: MAHABANK, BSE: 532525) has delivered a strong year-on-year performance. The lender’s global business increased by 14.22% to reach ₹5,63,987 crore in September 2025 from ₹4,93,793 crore in September 2024, driven by robust growth in advances and deposits.

Expansion in Advances and Deposits

The bank’s global advances rose 16.87% YoY to ₹2,54,187 crore, up from ₹2,17,504 crore in September 2024. Retail advances remained the key growth driver, surging 37.39% to ₹78,195 crore, while corporate advances grew 16.57% to ₹96,022 crore. On the liability side, total deposits increased 12.13% YoY to ₹3,09,800 crore, with CASA deposits rising 14.55% YoY to ₹1,55,989 crore. The CASA ratio improved to 50.35% from 49.29% in the previous period, reflecting an expanded base of low-cost deposits. Meanwhile, the credit-to-deposit ratio strengthened from 78.72 to 82.05.

Market Reaction

Investors responded positively to the update. Bank of Maharashtra’s stock was up 1.33% at ₹57.24 at around 2:30 PM IST, compared to the previous closing price of ₹56.49. During the day, the stock’s intraday high was ₹57.60 and the intraday low was ₹56.76. The volume exceeded 45 lakh shares, and the total value for the day was more than ₹26 crore. The market capitalisation of the Bank of Maharashtra stood at ₹43,949 crore, and it remains a part of the Nifty Midcap 150 index.

The bank has posted double-digit growth in both deposits and advances, with a rising CASA ratio, positioning it well for the second half of FY26. This momentum signals strong operational performance and bolsters investor confidence.

REF: https://nsearchives.nseindia.com/corporate/MAHABANK_06102025090640_LettertoSE_Provisional_Figures_30092025.pdf

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