Bank of Maharashtra Share Price – NSE /  BSE

Banks, Small Cap

Sequentially, the gross advances gained 5.12% in the December quarter from Rs 2,17,504 crore as of 30 September 2024.

The Bank of Maharashtra reported a 13.54% growth in total deposit to Rs 2,79,018 crore as of 31 December 2024 as against Rs 2,45,734 crore as of 31 December 2023, and 0.98% marginally grew from Rs 2,76,289 crore as on 30 September 2024.

The bank's total business as of 31 December 2024 was at Rs 5,07,670 crore, registering a growth of 16.86% year on year (YoY) and 2.81% quarter on quarter (QoQ).

CASA deposits stood at Rs 1,37,504 crore as of 31 December 2024 (up 11.49% YoY and up 0.97% QoQ).

CASA ratio reduced to 49.28% as of 31 December 2024 from 50.19% as of 31 December 2023 and 49.29% as of 30 September 2024.

Bank of Maharashtra is a public sector bank in India. The Government of India held a 79.60% stake in the bank as of 30 September 2024.

The bank’s reported standalone net profit of Rs 1,326.77 crore in Q2 FY25, registering a growth of 44.24% as against Rs 919.78 crore posted in Q2 FY24. Total income jumped 18.71% to Rs 6,809.18 crore in second quarter of FY25 as against Rs 5,735.52 crore posted in the corresponding quarter previous year.

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Bank of Maharashtra has revised the Marginal Cost of Funds Based Lending Rate (MCLR) as under:

Overnight - 8.20%
One month - 8.40%
Three months - 8.65%
Six months - 8.85%
More than six months - 9.10%

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Bank of Maharashtra announced that Acuite Ratings & Research has reaffirmed the rating on the Bank's existing and proposed bonds between Acuite AA+ and Acuite AA with 'Stable' outlook.

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Bank of Maharashtra is up for a fifth straight session today. The stock is quoting at Rs 56.85, up 1.85% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 1.01% on the day, quoting at 24030.45. The Sensex is at 79346.41, down 1.11%. Bank of Maharashtra has gained around 9.28% in last one month.

Meanwhile, Nifty PSU Bank index of which Bank of Maharashtra is a constituent, has gained around 1.02% in last one month and is currently quoting at 6783.95, up 0.64% on the day. The volume in the stock stood at 132.76 lakh shares today, compared to the daily average of 146.76 lakh shares in last one month.

The PE of the stock is 8.8 based on TTM earnings ending September 24.

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