Q2 2026 Bank of Maharashtra Ltd Earnings Call Transcript
Key Points
- Total business grew by 14%, reaching INR5.63 lakh crore.
- Gross NPAs declined to 1.72% and Net NPAs to 0.18%, indicating improved asset quality.
- Net profit increased by 23% to INR1,633 crore.
- Capital adequacy improved to 18.13%, with Tier 1 capital at 14.96%.
- S&P Global assigned a BBB- rating, a three-notch improvement, reflecting better creditworthiness.
- Technical disruptions during the call led to frequent disconnections, affecting communication.
- Cost of deposits increased by 8 bps, indicating rising funding costs.
- Agricultural GNPA increased, nearing 10%, due to stress in certain regions.
- The bank is facing challenges in maintaining CASA ratio amidst industry-wide declines.
- Incremental stress observed in the MSME segment, though not alarming, requires attention.
Ladies and gentlemen, good day, and welcome to the Bank of Maharashtra Q2 and H1 FY2026 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. We have with us from the management, Shri Nidhu Saxena, Managing Director and CEO; Shri Rohit Rishi, Executive Director; and all Chief General Managers and General Manager of the bank. I will now hand the conference over to Mr. Shri Nidhu Saxena for opening remarks. Thank you, and over to you.
Thank you, and good afternoon, and thank you for joining this con call. And today, we have done our Q2 and HY results, and I will very quickly cover the main highlights while you would have gone through the presentation, but the highlighting features, our total business grew by 14% taking it to INR5.63 lakh crore. Deposits has gone up by 12.13%. Advances have grown gone up by almost 17%. CD ratio for us has improved to 82%.
Gross NPAs have declined to 1.72%. Net NPA have been declined to 0.18%.
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