Bank of Maharashtra’s A1+ rating reaffirmed by CRISIL

Bank of Maharashtra (BoM) announced that CRISIL Ratings Limited has reaffirmed its 'Crisil A1+' rating for its Certificate of Deposits. This reaffirmation is attributed to the expectation of strong support from the Government of India, the bank's comfortable resource profile, and sustained improvements in asset quality and profitability. The bank's Certificate of Deposits has a rated amount of INR 20,000.00 crore.

For the first half of fiscal 2026, BoM reported a net profit of INR 3,226 crore. The bank’s gross non-performing assets (GNPAs) marginally declined to 1.72% as of September 30, 2025, from 1.74% as of March 31, 2025. The overall capital adequacy ratio stood at 18.1% as of September 30, 2025.

The bank's resource profile remains strong with CASA deposits forming 50.4% of the total deposit base as of September 30, 2025. Total deposits reached INR 307,791 crore, and advances were INR 254,118 crore as of the same date. The liquidity coverage ratio was 118.12%, surpassing regulatory requirements.