Overview
- Bank of Maharashtra reported Q3 FY26 net profit of ₹1,779 crore, a 26.5% year-on-year rise per its regulatory filing, and its board cleared a 10% interim dividend of ₹1 per share.
- The bank’s shares touched a 17‑month high before paring gains after the results, as NII rose 16% year-on-year to ₹3,422 crore and total income reached ₹8,277 crore.
- Asset quality at Bank of Maharashtra strengthened with gross NPAs at 1.60% and net NPAs at 0.15%, while provisions fell to ₹728 crore, even as NIM eased to 3.88% and capital adequacy moderated to 17.06%.
- A separate report carried conflicting figures for Bank of Maharashtra’s quarter, citing ₹1,036 crore in net profit and ₹2,164 crore in NII, a discrepancy not reconciled in the coverage.
- Union Bank of India posted a standalone net profit of ₹5,017 crore with provisions down to ₹2,321 crore and gross and net NPA ratios improving to 4.81% and 1.02%, while Indian Overseas Bank reported ₹723 crore in profit as provisions declined and NPAs eased to 3.90% gross and 0.54% net.