Bank of Maharashtra's Profit Surge: A Financial Triumph

Bank of Maharashtra reported a 35% increase in net profit due to core income growth and reduced bad loans. The bank's income rose, with significant gains in interest income. Major efforts include raising funds for business growth and improving asset quality. The bank forecasts continued growth in the upcoming year.

In a remarkable financial performance, State-owned Bank of Maharashtra has announced a substantial 35% rise in net profit for the January-March quarter of 2025-26, totaling Rs 2,014 crore. This success is attributed to an increase in core income and a decline in bad loans, as reported in the bank's regulatory filing.

BoM's total income for the quarter saw a notable rise to Rs 8,693 crore, driven by interest income, which grew to Rs 7,755 crore. Meanwhile, the Net Interest Income increased by 19% to Rs 3,702 crore, coinciding with a 22% jump in loan growth to Rs 2.92 lakh crore. Despite these achievements, the bank's capital adequacy ratio declined to 18.36% from 20.53%.

Looking ahead, managing director Nidhu Saxena outlined plans to raise Rs 7,500 crore through a mix of debt and equity and an additional Rs 10,000 crore via infrastructure bonds. BoM's focus remains on infrastructure finance and global expansion, as well as improving loan and deposit growth by 16-17% and 14-15% respectively in the current fiscal year.