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Bank of Maharashtra.

BSE: 532525 Sector: Financials
NSE: MAHABANK ISIN Code: INE457A01014
BSE 00:00 | 20 May 16.05 0.20
(1.26%)
OPEN

16.15

HIGH

16.20

LOW

15.95

NSE 00:00 | 20 May 16.05 0.20
(1.26%)
OPEN

16.10

HIGH

16.20

LOW

15.90

OPEN 16.15
PREVIOUS CLOSE 15.85
VOLUME 843232
52-Week high 31.95
52-Week low 15.40
P/E 9.39
Mkt Cap.(Rs cr) 10,802
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 16.15
CLOSE 15.85
VOLUME 843232
52-Week high 31.95
52-Week low 15.40
P/E 9.39
Mkt Cap.(Rs cr) 10,802
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Bank of Maharashtra. (MAHABANK) - Chairman Speech

Company chairman speech

A. S. Rajeev

Managing Director & CEO

Dear Shareholders

I extend a very warm welcome to each one of you to the 18th Annual General Meeting ofyour Bank. Global and Indian economy in FY

2020-21 have been adversely affected due to COVID-19 pandemic.

Lockdowns of varied degree imposed due to pandemic resulted in adverse impacts on allsections of life. The informally employed and those who work in contact-intensive sectorsare hit hard by this pandemic. Recovery from the pandemic in various regions will dependon access to medical support progress in vaccination drive and effectiveness of supportgiven by the Central Bank and the

Government. The global community will require to work closely to bring the pandemicunder control by increasing funding to accelerate access to vaccines. Strong Cooperationis also required to support developing countries with high debt levels for internationalliquidity.

FY 2020-21 was a difficult year for life and business. Gross Domestic

Product (GDP) during 2020-21 is estimated to contract by 8.0% as compared to growth of4.0% in 2019-20. The Government announced a package of INR 20 lakh crores (equivalent of10% of IndiaRs.s GDP) under Atmanirbhar Bharat. The package also included change indefinition of MSMEs new PSU policy commercialization of coal mining and higher FDIlimits in various sectors. Other steps such as launch of Emergency Credit Line GuaranteeScheme (ECLGS) 2.0 and asset classification relief provided to borrowers on account of

COVID-19 were announced.

During the year the bank has taken new business initiatives as under: lIntroduction of loan products for business agriculture and personal expenses to deal withCOVID-19 pandemic inflicted cash flow difficulties. l National Common MobilityCard (NCMC) – The Bank partnered with NPCI for issuance of National CommonMobility Card (NCMC) using Near Field Communication.

l Bharat Bill Pay System (BBPS): BBPS is a one-stop ecosystem for payment ofall bills providing an interoperable and accessible "Anytime Anywhere" billpayment service to all customers across India with certainty reliability and safety oftransactions. l QUICK pay: A mobile app has been developed for merchant todo self-registration for QR code to acquire transactions through Scan & Pay. l DigitalDocument Execution (DDE): Bank has integrated with National E-Governance Services Ltd(NeSL) for implementation of Digital Document Execution (DDE) Platform is a Web API basedplatform/service for e-signing and e-stamping of Loan documents. l Credit Card:Bank introduced its own Credit Card with plethora of features to tap the burgeoningdigital business. l MahaBank SHG Rahat Yojana- COVID-19 was introducedimmediately after foreseeing the effects of COVID-19 pandemic situation to extend reliefto regular repaying SHGs by extending additional loan up to Rs. 1.00 Lakh.

Performance of your bank:

BankRs.s performance during FY 2020-21 was outstanding despite all odds. l NetProfit increased to Rs. 550 Cr in FY21 from Rs. 389 Cr in FY20. There was an annualincrease of 41.39% l Operating Profit increased 39.02% to Rs. 3958 Cr. in FY21from

Rs. 2847 in FY20 l Gross Non-Performing Assets (GNPA) ratio and NetNon-Performing Assets (NNPA) ratio improved to 7.23% and 2.48% respectively as on31.03.2021 as compared to 12.81% and 4.77% respectively as on 31.03.2020 l TotalBusiness of the bank has increased from Rs. 244955 Cr. as on 31.03.2020 to Rs. 281659Cr as on 31.03.2021. Business of the Bank showcased annual growth of 14.98%. lTotal deposits of the bank increased from Rs. 150066 Cr. as on 31.03.2020 to Rs.174006 Cr. as on 31.03.2021. Total deposits have showcased annual growth of 15.95%. lCASA deposits have increased form Rs. 75475 Cr as on 31.03.2020 to Rs. 93945 Cr as on31.03.2021 showcasing annual growth of 24.47%. l Gross advances have increased fromRs. 94889 Cr as on 31.03.2020 to Rs. 107654 Cr as on 31.03.2021. Gross Advances haveshown year on year growth of 13.45%.

Way forward:

Bank is entering the new financial year 2021-22 at a time when second wave of pandemicis spreading widely. The stimulus measures and reforms initiated by the Government andliquidity measures by the RBI are expected to support industrial activity and demand.COVID-19 vaccination program launched in January 2021 will further help with economicrecovery. During these difficulties we will continue to evolve and provide latestproducts and Superior services to our customers. Our bank will continue to improve itsbusiness position while navigating these uncertain times.

A. S. Rajeev

Managing Director & CEO

.