Bank of Maharashtra Share Price

Bank of Maharashtra, with its corporate operations in Pune, functions as a public sector bank in India. The bank provides a range of banking products and services in the domains of retail banking, corporate banking, and treasury operations. Bank of Maharashtra has a substantial reach with branches spread all over the country, including specialised branches for foreign exchange, government business, and agricultural finance . The bank also has a wholly owned subsidiary that manages public and private trusts.

Bank of Maharashtra share price on NSE and BSE signifies how market participants react to the bank’s performance and the overall developments in the public sector banking space. The bank’s financial health depends on loan growth, deposit mobilisation, asset quality, and adherence to RBI regulations. Bank of Maharashtra stock price is influenced by various factors such as earnings, credit growth, net interest margins, and government policies on public sector banks. In the longer run, strategies such as branch expansion, digital banking adoption, and recovery from non-performing assets affect the stock market sentiments. All these factors need to be monitored closely to have an idea about the bank’s stock price movements.

Bank of Maharashtra live share price provides real-time information about the last price traded, bid and ask prices, and volume traded. These indicators represent market activity and liquidity, reflecting investor response to corporate announcements, economic conditions, and sector news. Constant monitoring of the Bank of Maharashtra live price helps in observing short term price volatility and shows how a stock moves relative to the broader banking index. Furthermore, monitoring Bank of Maharashtra share price today helps investors understand real-time market sentiment, price fluctuations, and trading behaviour. It allows them to evaluate short-term performance, and respond to news, quarterly results, or sector trends that may influence the bank’s valuation and overall investment outlook.

Company Fundamentals

1. Company Background

Bank of Maharashtra is an Indian public sector bank incorporated on 16 September 1935 in Pune (then Poona) and later nationalised in 1969. The bank was established to provide banking services to traders, businesses, and the general public in Maharashtra and beyond. Headquartered in Lokmangal, Shivajinagar, Pune, Maharashtra, India, Bank of Maharashtra offers a range of financial products and services across retail, corporate, MSME, agriculture, and priority sectors. Over time it has expanded its branch network and digital banking capabilities to serve customers across urban, semi‑urban, and rural parts of the country. The bank’s performance, including net interest margin, asset quality, and profitability, is reflected in its market valuation and investor sentiment.

2. Company Product Lines

• Retail Banking Products

• • Savings accounts, fixed deposits, recurring deposits

• • Personal loans, home loans, vehicle loans, education loans

• Corporate & MSME Lending

• • Working capital finance

• • Term loans and project finance

• • Trade finance and structured credit

• Treasury & Investment Services

• • Investment and treasury operations

• • Foreign exchange services

• • Debit/credit cards and digital payment solutions

3. Company Revenue Model

• Interest Income

• • Interest earned on loans and advances to individuals, MSMEs, corporates, and other borrowers.

• Fee & Commission Income

• • Fees from account services, card transactions, trade services, and other banking operations.

• Treasury & Investment Income

• • Gains from investment portfolio and treasury operations, including trading and hedging activities.

4. Geographic Presence

• • Headquarters: Pune, Maharashtra, India

• Pan‑India Network:

• • Extensive branch and ATM network covering urban, semi‑urban and rural areas across states.

• Digital Channels:

• • Online banking, mobile banking and digital payment platforms providing nationwide access.

5. Key Milestones

• 1935: Bank of Maharashtra registered on 16 September in Pune.

• 1936: Commenced business operations on 8 February.

• 1958: Listed on the Bombay Stock Exchange.

• 1969: Nationalised along with other major Indian commercial banks.

• 1976–1980s: Establishment of Regional Rural Banks and continued branch expansion.

• 2004: Public issue of equity reducing government stake and enhancing share market participation.

6. Industry Perspective

The Indian banking sector continues to expand driven by retail credit growth and improving deposit trends. Retail banking revenue and digital transactions are rising while systemic credit has shown multi-year growth. Industry forecasts expect steady expansion of retail banking and improving profitability for public sector banks as provisions moderate and fee income grows.

Bank of Maharashtra Stock Market Presence: Listings & Index Representation

Bank of Maharashtra got its listing on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) following its initial public offering in February 2004 . The bank came out with a public issue of equity shares on February 25, 2004, which closed on March 4, 2004, and the issue received an overwhelming response with oversubscription of more than 10 times . The bank originally commenced operations much earlier, having been incorporated on September 16, 1935 .

Bank of Maharashtra share price is available for trading on the NSE under the symbol MAHABANK and on the BSE with the scrip code 532525 . The bank’s market presence is primarily within the mid-cap segment of the market. Due to its size and sector focus, Bank of Maharashtra stock price is generally tracked by investors interested in the public sector banking space. The bank is part of indices that track the banking and financial services sector, reflecting its relevance in India’s banking industry.

Bank of Maharashtra Stock Performance and Share Price History

Bank of Maharashtra share price on NSE reflects its status as a public sector bank in India. Performance is driven by loan growth, deposit accretion, net interest margins, asset quality improvement, and capital adequacy under RBI norms. Investors compare Bank of Maharashtra stock price today with other public sector banks and the Nifty Bank index to gauge relative performance.

These underlying factors are often visible through real market movements across different periods. Similar trends are observed during earnings-driven movements. Broader sector strength has also played a role in supporting Bank of Maharashtra share price. In addition to operational and sector-led factors, corporate actions such as bonus issues or rights issues can also have a significant impact on Bank of Maharashtra share price movements short-term even when a bank’s fundamentals remain strong. This shows how corporate actions can trigger short-term swings, even within a regulated banking framework influenced by credit cycles, monetary policy, and RBI regulations.

While short-term movements reflect events and announcements, longer-term valuation trends are visible through Bank of Maharashtra share price 52-week high and low, providing context beyond daily or weekly changes. Highs indicate strong credit demand and stable margins, while lows align with market corrections or sector volatility. The stock’s 52-week high stands at 77 rupees while the 52-week low is 42 rupees . These levels capture impacts of monetary policy, growth expectations, asset quality, and earnings visibility, providing context for the stock’s historical performance.

Bank of Maharashtra’s stock performance reflects the trading behaviour of a mid-cap public sector bank operating within India’s regulated banking system. The bank’s diversified lending portfolio, strong deposit base from its home state of Maharashtra, and focus on retail and corporate banking have shaped its Bank of Maharashtra share price history. Over time, the stock has shown long-term wealth creation, marked by periods of sharp gains and phases of consolidation. The early 2000s witnessed the bank’s IPO in 2004, which marked its entry into the public markets . Between 2019 and 2021, the stock showed strong performance as the bank focused on cleaning up its balance sheet. Between 2022 and 2024, Bank of Maharashtra delivered several high-return years, with the stock gaining 59 percent in 2022, 47 percent in 2023, and 14 percent in 2024 . From 2025 onwards, the Bank of Maharashtra share price has continued to show positive momentum.

Bank of Maharashtra’s stock performance over time has closely followed India’s economic and banking cycles. For instance, the Bank of Maharashtra share price has delivered strong returns over longer investment horizons, including gains of around 42 percent over one year, 35 percent over three years, and 23 percent over five years . These returns highlight the bank’s recovery and growth aligned with expanding credit demand and improving asset quality trends across the Indian banking sector. The stock has significantly outperformed the BSE Bankex over three-year and five-year periods .

Despite COVID-19 disruptions, Bank of Maharashtra shares showed resilience. While the broader banking sector faced rising NPAs and cautious lending, prudent management and focused recovery efforts helped the bank improve its asset quality. The bank’s gross NPA ratio reduced to 1.74 percent from higher levels, showing the success of its recovery measures . Higher provisions and focused recovery kept shares stable amid the pandemic’s challenges and market volatility.

Bank of Maharashtra share price has seen decreases due to several recurring reasons. A rise in non-performing assets or higher provisioning requirements directly impacts profitability and leads to selling pressure. Changes in RBI policy, such as tighter norms for restructuring or higher capital requirements, can also cause the stock to fall. Furthermore, any slowdown in loan growth or reduction in net interest margin squeezes the bank’s profitability, making the stock less attractive. Periods of economic slowdown that affect industrial and agricultural sectors raise concerns about loan recovery, leading to a drop in Bank of Maharashtra share price. The stock is also sensitive to the bank’s capital adequacy levels; if the bank requires capital infusion from the government, it can lead to dilution concerns and a decrease in Bank of Maharashtra stock price as investors adjust for potential equity dilution. Broader market sell-offs in banking stocks also pull the price down, regardless of the bank’s individual performance. A decrease in deposit growth or lower credit offtake directly hurts the bank’s core income, resulting in a lower valuation for Bank of Maharashtra share price. The stock saw a decline of 16 percent in 2019, reflecting the challenges in the banking sector during that period .

Bank of Maharashtra Investor Relevance and Role in Portfolio

Bank of Maharashtra is a holding in mid-cap and public sector focused portfolios, offering exposure to retail and corporate lending, deposits, and fee income. Inclusion in banking indices underscores its economic importance within the public sector banking space. The bank’s improving asset quality, diversified loan book, and government ownership make it a consideration for long-term allocations.

Bank of Maharashtra equity is held by a broad mix of domestic and international investors, reflecting its standing in India’s financial sector. The President of India, representing the Government of India, holds the majority stake as the promoter, with 73.60 percent shareholding as of December 2025 . This government ownership has decreased from 79.60 percent in earlier quarters due to dilution from public offerings .

Prominent mutual fund holders include Nippon India Mutual Fund, Aditya Birla Sun Life Mutual Fund, and Kotak Nifty Fund, which have increased their stakes in recent quarters . Foreign institutional investors hold approximately 4.93 percent of the bank, while other domestic institutions hold around 8.18 percent . Retail and other investors hold about 7.98 percent of the bank’s equity. This broad investor base with increasing institutional participation underscores the bank’s growing role as a holding in both domestic and institutional portfolios.

Beyond fundamentals and ownership, Bank of Maharashtra stock is actively monitored in derivatives markets, where open interest and rollover patterns reflect expectations on loan growth, net interest margins, asset quality, and RBI policy actions. The stock is available for trading in the futures and options segment on the NSE, allowing investors to take positions based on their outlook for the banking sector. Market participants watch these derivative indicators to gauge sentiment around quarterly results and policy announcements.

Technical indicators such as Bank of Maharashtra RSI, MACD, and MFI provide additional insight into short-term momentum shifts in Bank of Maharashtra stock price. While primarily used for near-term trading, these tools can also help portfolio managers gauge market sentiment and potential volatility around major events. The stock’s average weekly movement has been around 4.4 percent, which is stable compared to the broader market .

Bank of Maharashtra’s beta has generally remained moderate, reflecting its nature as a mid-cap banking stock with substantial institutional ownership and improving fundamentals. Historical beta figures show that Bank of Maharashtra’s beta has typically stayed around 0.64 to 0.65, indicating a moderate correlation with the market rather than extreme swings . This beta below 1 suggests the stock tends to be less volatile than the broader market. Some periods have seen beta figures near or slightly above this range, especially during broader market shifts, but the overall trend highlights relatively stable volatility characteristics for a public sector bank stock.

Bank of Maharashtra Sectoral Relevance and Peer Positioning

Bank of Maharashtra sector relevance stems from its scale in retail and corporate lending in Maharashtra and other states, its improving CASA ratio, digital adoption, and risk-adjusted profitability, establishing it as a key mid-cap public sector bank supporting India’s banking ecosystem. Peer comparisons with State Bank of India, Bank of Baroda, Bank of India, Canara Bank, Punjab National Bank, and Union Bank of India focus on loan book size, capital adequacy, net interest margins, asset quality, and digital penetration rather than short-term stock moves . These benchmarks help investors assess operational scale, efficiency, and regulatory adherence. Institutional tracking of deposit growth, credit trends, capital adequacy, and financial inclusion further highlights Bank of Maharashtra’s positioning within India’s broader financial markets.

Bank of Maharashtra market cap places it in the mid-cap category within the public sector banking industry. The bank’s market capitalization has grown significantly in recent years, reflecting improved profitability and investor confidence. The market cap stands at approximately 51,656 crore rupees as of March 2026 . This valuation reflects the bank’s size relative to its larger peers like State Bank of India and Bank of Baroda. A mid-cap status often means the stock has a balanced mix of institutional and retail ownership. For investors, the market cap serves as a quick measure of the bank’s scale and its position in the industry hierarchy, highlighting its growth potential within the public sector banking space.

Bank of Maharashtra earnings have shown strong growth in recent periods, reflecting the bank’s successful turnaround and focus on profitable growth. The bank reported net profit of 6,474 crore rupees on a trailing twelve-month basis . Net interest income, which reflects earnings from lending operations, increased on a year on year basis . The bank’s earnings have been supported by improved asset quality, with gross NPA ratio reducing to lower levels. This earnings pattern shows the bank’s successful execution of its recovery and growth strategy, making it one of the better-performing public sector banks in recent years.

Bank of Maharashtra EPS provides a view of the bank’s profitability on a per-share basis. The EPS has increased significantly in recent years, reflecting the bank’s improved earnings profile. The basic EPS stood at approximately 8.4 rupees . This growth in EPS reflects the bank’s successful turnaround and its ability to generate higher earnings for its shareholders. For this bank, the EPS has shown consistent improvement over multiple quarters, reflecting the operational turnaround and better asset quality management within the public sector banking space. It is a direct measure of how efficiently the bank generates profit for its equity holders.

Bank of Maharashtra P/E ratio offers a way to see how the market values the bank’s earnings. Given the bank’s improved profitability and growth trajectory, the P/E ratio has remained attractive compared to peers. The bank’s P/E ratio stands at approximately 8 times, which is at a discount to the industry P/E of around 11.48 times . This lower P/E ratio compared to peers suggests the market values the bank at a discount to the industry average. In previous years, the P/E ratio has varied, reaching 10.83 in 2024 and 6.42 in 2025 . Investors often look at the P/E in the context of the industry average to understand if the stock is valued reasonably.

The earnings trajectory of Bank of Maharashtra demonstrates a successful turnaround story in the public sector banking space. The bank has seen periods of strong profit growth after a phase of challenges with asset quality. Statutory financial disclosures show earnings rising significantly in recent years, with the bank reporting its highest ever profits in multiple consecutive quarters. The bank’s net profit has grown consistently, reflecting the benefits of improved recovery, lower provisions, and steady loan growth. These trends reflect the bank’s successful execution of its strategy to clean up its balance sheet and focus on profitable growth, positioning it as a notable performer among public sector banks in India.

Conclusion

Bank of Maharashtra functions as a mid-cap public sector bank with a strong presence in its home state and growing national footprint. Its performance depends on loan growth, asset quality, and adherence to RBI guidelines. Bank of Maharashtra share price will continue to move in relation to these core business drivers. The bank’s improving profitability and reducing NPAs have shaped its recent performance. Watching Bank of Maharashtra stock price offers a window into the market’s perception of a public sector bank navigating a competitive and regulated banking environment while executing a successful turnaround strategy.