Bank of Maharashtra reports strong financial growth for half year

Bank of Maharashtra reported a 23.09% year-on-year increase in net profit to ₹1,633 crore for Q2FY25, with half-year net profit climbing 23.11% to ₹3,226 crore. Operating profit also saw robust growth of 16.91% year-on-year for the quarter, reaching ₹2,574 crore. Total business expanded by 14.20% to ₹5,63,909 crore, with gross advances increasing by 16.83% to ₹2,54,118 crore and total deposits rising 12.13% to ₹3,09,791 crore.

Asset quality improved, with Gross NPA declining to 1.72% and Net NPA to 0.18% as of September 30, 2025. The Provision Coverage Ratio stood strong at 98.34%. The bank’s Capital Adequacy Ratio (CRAR) improved to 18.13%, with Tier I Capital at 14.96%, highlighting a robust capital position.

These results, reviewed and approved by the board of directors on October 14, 2025, indicate continued strong financial health and operational efficiency. The bank confirmed that its auditors have issued an unmodified opinion on the unaudited financial results.