Bank of Maharashtra’s fiscal second-quarter net profit rose 23.09% to Rs 1,633 crore from Rs 1,327 crore a year ago. 

Net Interest Income (NII) was up 15.71% year-on-year to Rs 3,248 crore in the September quarter.

Operating profit grew 16.91% to Rs 2,574 crore from Rs 2,202 crore in Q2FY25.

Bad loans

The state-owned lender’s gross non-performing assets (NPAs) declined to 1.72% as on 30 September 2025, from 1.84% in the earlier-year period and 1.74% in the preceding June quarter. 

Net NPA declined to 0.18% versus 0.20% as on 30 September 30 2024. Sequentially, it stood flat at 0.18% in the June quarter.

Provision coverage ratio stood at 98.34% as on 30 September versus 98.36% a year ago and 98.36% in the preceding quarter.

Loan book at Rs 2.54 lakh cr

Earlier, Bank of Maharashtra had said in its business update that its loan book rose 16.83% to Rs 2.54 lakh crore in the quarter ended September 2025, from Rs 2.17 lakh crore a year ago. 

RAM (retail, agriculture and MSME) loans grew 16.94% year-on-year. This was largely driven by retail loans, which grew 37.45% year-on-year.

Deposits at Rs 3.10 lakh cr

Total deposits rose 12.13% to Rs 3.10 lakh crore in the September quarter from Rs 2.76 lakh crore in the same quarter of the previous fiscal.

The CASA ratio stayed strong at 50.35%, up from 49.29% in the year-ago period.

Total biz

The Pune-based bank's total business rose 14.2% to Rs 5.64 lakh crore, from Rs 4.94 lakh crore in the September quarter last year.

Credit-to-deposit ratio rose expanded to 82.05% in the September quarter from 78.72% in the year-ago period.