Bank Of Maharashtra Shares Rise After Q1 Update, Strong Growth Seen In Advances & Deposits
Bank of Maharashtra reported healthy growth in Q1 FY26 with 15 percent rise in advances and 14 percent growth in deposits. The stock gained slightly post-update and has delivered a 9 percent return so far this year.
Bank of Maharashtra Posts Strong Q1 Business Growth, Shares Edge Higher | File Photo |
Mumbai: On Friday, July 4, shares of Bank of Maharashtra moved slightly higher after the state-owned lender shared its Q1 FY26 business update.
For the April–June 2025 quarter, the bank reported strong double-digit growth in both deposits and advances.
Deposits grew by 14.08 percent year-on-year, reaching Rs 3.05 lakh crore.
Gross advances rose by 15.36 percent YoY to Rs 2.41 lakh crore.
CASA (Current Account Savings Account) deposits also increased by 14.56 percent, touching Rs 1.52 lakh crore.
The bank’s credit-deposit ratio, a key measure of how efficiently a bank lends from its deposits, improved slightly to 79.04 percent, up from 78.17 percent in the same quarter last year.
Despite the Indian government reducing some of its stake in 2024, it still holds a major 79.6 percent share in Bank of Maharashtra as of the March 2025 quarter.
Following the Q1 business update, the bank’s stock traded 0.37 percent higher at Rs 57.40, bouncing back from its intraday low of Rs 56.82. So far in 2025, the stock has delivered a 9 percent gain.
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Currently, only one analyst covers the stock, with a “buy” rating and a target price of Rs 62.
The overall update suggests steady performance and improving investor confidence in the bank’s growth path.
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