Bank of Maharashtra Q4 Concall: Strong Growth with Improving Asset Quality

Asset Quality & Provisions • GNPA: 1.45% (↓29 bps YoY) • NNPA: 0.13% (↓5 bps YoY) • Recoveries: ₹1,423 Cr from write-offs • Created ₹200 Cr geopolitical provision buffer Segmental Highlights • Strong traction in RAM segment: – Retail: ↑32% – Home Loans: ↑29% – Gold Loans: ↑53% • Agri segment may benefit from ₹2,000 Cr loan waiver (Maharashtra) Overall Performance • Total Business Growth: ↑17% • Advances: ↑22% YoY • Deposits: ↑14% YoY • Achieved/exceeded FY26 guidance targets Financial Metrics • Net Profit: ₹7,019 Cr (↑27% YoY) • NIM: 3.91% (above guidance of 3.75%) • Cost-to-Income: 37.08% (well controlled) • ROA: 1.86% (FY26) | 1.97% (Q4) • ROE: 23.19% Key Takeaway Strong loan growth, improving asset quality, and high profitability ratios indicate continued momentum for the bank.