Bank of Maharashtra (BoM) reported a 41% year-on-year (YoY) increase in net profit to ₹2,310 crore for the second quarter ended September 30, 2026, driven by a 22% rise in net interest income (NII) to ₹3,954 crore.The cost-to-income ratio improved to 33.73% from 37.10% a year ago, while return on assets rose to 2.02% from 1.82%.The bank’s total business grew 25.16% YoY to ₹7.06 lakh crore. Deposits increased 21.50% to ₹3.76 lakh crore, while gross advances surged 29.61% to ₹3.29 lakh crore.
Net advances rose 30.16% to ₹3.26 lakh crore.Retail, agriculture and MSME (RAM) business grew 24.69%. Retail advances increased 20.91% to ₹94,582 crore, while MSME advances rose 24.69% to ₹58,049 crore.Asset quality improved, with gross non-performing assets (NPAs) declining to 1.25% from 1.72% a year ago and net NPAs falling to 0.12% from 0.18%.
The provision coverage ratio rose to 98.53% from 98.34%.As of September 30, the bank’s Basel III capital adequacy ratio stood at 18.51%, with a Common Equity Tier I ratio of 15.61%.