Bank of Maharashtra Global Advances Surge 27% YoY, Total Business Reaches ₹6.51 Lakh Crore

Public sector lender Bank of Maharashtra has recorded a strong 19% year-over-year (YoY) expansion in its total business mix for the first quarter of the 2027 financial year, fueled by high-velocity credit growth across its retail, agriculture, MSME (RAM), and corporate segments.

Credit Growth Outpaces Deposits via Balanced Aggression

The bank's credit deployment demonstrated high momentum, substantially outgrowing its liability accumulation during the 12-month trailing cycle:

Global Advances: Bank of Maharashtra's gross lending book jumped an impressive 27% YoY, climbing to ₹3.06 lakh crore as of June 30, 2026, up from the ₹2.41 lakh crore benchmark established in June 2025.

RAM Advances Lead: The bank maintained a strong granular lending footprint. Its RAM (Retail, Agriculture, and MSME) portfolio jumped 25% YoY to land at ₹1.87 lakh crore against last year's base of ₹1.50 lakh crore.

Corporate Advances: Large-scale institutional lending matched this aggressive path. Domestic corporate advances grew 21% YoY to hit ₹1.11 lakh crore compared to ₹0.91 lakh crore in the prior fiscal year.

Sticky Liability

Accumulation and CASA Resilience

Despite structural headwinds facing low-cost liquidity across the wider Indian banking architecture, the bank successfully held its ground:

Total Deposits: Total deposits rose 13% YoY to touch ₹3.44 lakh crore, compared to ₹3.05 lakh crore held in the corresponding quarter last year.

CASA Ratio Stability: The bank's Current Account and Savings Account (CASA) ratio showcased elite structural stability. It settled at 49% of total deposits, dipping just 100 basis points from the previous year's exceptionally high industry benchmark of 50%.

Total Business Footprint: Aggregating total advances and total liabilities, the bank's cumulative gross business footprint advanced 19% YoY to ₹6.51 lakh crore from ₹5.46 lakh crore.

The disclosed numbers are rounded off to the nearest absolute value and remain fully provisional, awaiting formal review by the bank's statutory auditors.

Shares of Bank of Maharashtra was last trading in BSE at Rs. 86.46 as compared to the previous close of Rs. 88.54. The total number of shares traded during the day was 1394513 in over 7395 trades.

The stock hit an intraday high of Rs. 90.50 and intraday low of 86.15. The net turnover during the day was Rs. 122700709.00.

Source : Equity Bulls

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BankofMaharashtra INE457A01014 MAHABANK Q1FY27 BusinessUpdate