Bank of Maharashtra Reports Strong Growth in Q3 FY26

Bank of Maharashtra has announced robust growth in its key business indicators for the third quarter ended December 31, 2025. The public sector lender reported a 15.30% year-on-year (y-o-y) increase in total deposits and a 19.61% y-o-y rise in global advances.

As per provisional figures shared in its regulatory filing, total deposits stood at ₹3,21,695 crore, while global advances reached ₹2,73,476 crore. The bank also recorded an improvement in its CASA ratio during the period.

Deposit Growth and CASA Ratio

Total deposits of Bank of Maharashtra rose 15.30% y-o-y to ₹3,21,695 crore as at December-end 2025, compared to the previous year. The CASA (current account, savings account) ratio improved slightly to 49.55% of total deposits, up from 49.28% as at December-end 2024.

This indicates continued traction in low-cost deposits, which are critical for maintaining healthy margins. The bank’s focus on expanding its retail deposit base contributed to this growth.

Surge In Global Advances

Global advances registered a 19.61% y-o-y increase, reaching ₹2,73,476 crore as of December 31, 2025. Within this, RAM (retail, agriculture and MSME) advances grew 20.23% y-o-y to ₹1,71,342 crore, underscoring the bank’s emphasis on priority sectors and retail lending.

Corporate advances, including domestic and overseas exposure, rose 18.57% y-o-y to ₹1,02,134 crore. The balanced growth across segments highlights the bank’s diversified lending strategy.

Business Performance

The combined business of deposits and advances stood at ₹5,95,171 crore as at December-end 2025, marking a 17.24% y-o-y increase. This growth reflects the bank’s ability to scale operations while maintaining asset quality and liquidity.

The expansion in both deposits and advances positions Bank of Maharashtra favourably in the competitive public sector banking space. The provisional numbers indicate sustained momentum in business activity during Q3 FY26.

Operational Highlights and Market Context

The improvement in CASA ratio and strong growth in RAM advances suggest a continued focus on retail and priority sectors. These segments typically offer better yields and lower risk compared to large corporate exposures.

The bank’s performance aligns with broader trends in the Indian banking sector, where public sector banks are witnessing healthy credit demand and deposit mobilisation. Further details on profitability and asset quality will be available in the bank’s full quarterly results.

Bank of Maharashtra Share Price Performance

On January 05, 2026, Bank of Maharashtra share price opened at ₹64.00, compared to the previous close of ₹63.93. During the session, as of 11:54 AM IST, the stock had touched a high of ₹65.97 and a low of ₹63.61, and was trading at ₹64.30, up by 0.58%.

The stock recorded a traded volume of 168.54 lakh shares and a traded value of ₹109.10 crore on the NSE. The market capitalisation stood at ₹49,456.70 crore.

Read More: Maharashtra Government Announces 2026 Public Holiday Calendar.

Conclusion

Bank of Maharashtra delivered strong business growth in Q3 FY26, with significant increases in deposits and advances. The rise in CASA ratio and RAM lending reinforces its retail-centric approach. With total business nearing ₹6 lakh crore, the bank remains on a steady growth trajectory. Investors and stakeholders will look forward to detailed financial disclosures in the upcoming quarterly results.

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