Bank of Maharashtra News

Nifty PSU Bank index rallies nearly 4%, hits new high; what's driving PSBs?

In the past one month, the Nifty PSU Bank index has outperformed the market by surging 7 per cent, as against 0.5 per cent gain in the Nifty 50.

Nifty PSU Bank index slips 8% in 2 days; Indian Bank, BOB down up to 11%

Despite the past two days decline, the Nifty PSU Bank index has outperformed the market by surging 21%, as against 1% rise in the Nifty 50 in the past five months.

PSU banks reel after Budget 2026; shares fall up to 7%: Here's why

All the PSU Bank index constituents were trading lower, with Bank of India, Bank Maharashtra, Indian Bank, Bank of Baroda, and Union Bank of India falling in the range of 3 to 7 per cent

Dividend stocks: Angel One, 5 others to remain in spotlight next week

According to BSE data, shares of these companies are likely to trade ex-dividend from Tuesday, January 20 to Friday, January 23, 2026

Nifty PSU Bank index rallies 2%, hits record high; what's driving PSBs?

Union Bank of India surged 8%, while Bank of Maharashtra, Indian Bank, Indian Overseas Bank and Punjab & Sind Bank were up 4% each on the NSE in intra-day trade.

Bank of Maharashtra shares gain 4%, hit over 1-year high on strong Q3 show

Bank of Maharashtra reported that its net interest income (NII) rose 16.27 per cent Y-o-Y to ₹3,422 crore in the third quarter (Q3FY26)

Q3 results: Tata Elxsi, Bank of Maharashtra, ICICI Prudential on Jan 13

Q3FY26 company results: Firms including Just Dial, ICICI Lombard General Insurance, and Oriental Hotels are also to release their October-December earnings reports today

Bank of Maharashtra posts 20% loan growth in Q3, deposits rise 15.3%

Bank of Maharashtra (BoM) on Monday said it has registered a total credit growth of 19.61 per cent to Rs 2.73 lakh crore in the October-December quarter. The outstanding credit was Rs 2.29 lakh crore at the end of the third quarter of the previous fiscal year, the BoM said in a regulatory filing. The total credit also includes Rs 1.02 lakh crore corporate credit, while RAM (retail, agriculture, and MSME) advances of Rs 1.71 lakh crore during the quarter, it said. The Pune-headquartered public sector lender reported a 15.3 per cent increase in total deposits to Rs 3.22 lakh crore in the reporting quarter against Rs 2.79 lakh crore at the end of the third quarter of the previous financial year. As a result, the total business (total credit and deposits) of the bank registered an increase of 17.24 per cent to Rs 5.95 lakh crore compared with Rs 5.08 lakh crore at the end of December 31, 2024. During the latest quarter, it said, the Current Accounts and Savings Accounts (CASA) ratio r

PSU Bank index soars 31% in 2025; outperforms Nifty for 5th straight year

At 11:39 AM on Wednesday; the Nifty PSU Bank index was the top gainer among sectoral indices, up 1.8 per cent at 8,581.65, as compared to 0.5 per cent rise in the Nifty 50.

Stocks to Watch today: RIL, IEX, Cipla, JSW Steel, IndiGo, RailTel Corp

Stocks to Watch Today, December 4, 2025: Infosys, Pine Labs, ONGC, Bank of Maharashtra, Tata Capital, Lemon Tree Hotels, Vintage Coffee are among the top stocks to watch today

Is Bank of Maharashtra a good PSU bank stock to buy? YES Securities answers

YES Securities said that a detailed analysis of top eight public sector banks (PSBs) reveal that Bank of Maharashtra has the "healthiest" financial metrics.

Centre to sell up to 6% stake in Bank of Maharashtra via OFS for ₹2,500 cr

The Centre plans to offload up to 6% in Bank of Maharashtra through an OFS, including a 1% green-shoe option, potentially raising around Rs 2,500 crore and reducing government holding below 75%

Govt to divest up to 6% stake in Bank of Maharashtra, eyes ₹2,600 cr

The government has decided to divest up to 6 per cent stake in state-owned Bank of Maharashtra through an Offer for Sale commencing on Tuesday. At the current market price, the government would be able to garner about Rs 2,600 crore by offloading up to 6 per cent stake in the bank. "Offer for Sale in Bank of Maharashtra (BOM) opens tomorrow for Non-Retail investors. Retail investors can bid on Wednesday. Government offers to disinvest 5% equity in the bank with an additional 1% as a green shoe option," Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said in a post on X. The government currently holds a 79.60 per cent stake in the Pune-based bank. With the stake dilution, the bank would be able to meet the minimum public shareholding norm of 25 per cent as the government stake will come down below 75 per cent. This is in line with the Securities Contract (Regulation) Rules issued by the Securities and Exchange Board of India, which mandate that

Nifty PSU Bank index at new high; up 27% in 3 months; what's driving PSBs?

Nifty PSU Bank index hit a new high at 8,665.70, in Wednesday's intra-day trade, surpassing its previous high of 8,624.80 touched on Nov 20, 2025. The index has gained 4% in the past two trading days.

Nifty PSU Bank index up 2%, SBI at new high; here's why PSBs are in demand

Indian Bank, Bank of Maharashtra, Bank of Baroda, Central Bank of India and Canara Bank were up in the range of 2 per cent to 3 per cent in intra-day trade on Tuesday.

PSU Bank index leaps 30% in 2025; will private banks catch up in 2026?

Nifty PSU Bank index leads gains in 2025 as public sector lenders post strong loan growth, stable profitability and valuation comfort. Analysts expect the rally to continue into 2026

PSU Bank index zooms 24% since Sep; Bank of Baroda, Canara near record high

Bank of Baroda, Canara Bank, Bank of India, Union Bank of India, Uco Bank, Punjab & Sind Bank, Bank of Maharashtra, Indian Overseas Bank and Indian Bank were up in the range of 2-5% in Monday's trade.

Nifty PSU Bank index hits new high, rallies 20% in 2 months; here's why

State-run banks, SBI, Uco bank, PSB among others gained up to 2% amid reports that India may considering allowing up to 49% FDI in PSU banks, more than double the current 20% cap.

Bank of Maharashtra Q2 profit up 23% to ₹1,633 crore on lower NPAs

Public sector lender Bank of Maharashtra on Tuesday reported a 23 per cent growth in its standalone net profit to Rs 1,633 crore in the September quarter of the current fiscal (FY26), driven by a decline in bad loans and a rise in interest income. The bank had posted a net profit of Rs 1,327 crore in the same quarter preceding fiscal (FY25). The state-owned bank earned interest income of Rs 7,128 crore during the quarter, compared to Rs 6,017 crore in the same period a year ago, Bank of Maharashtra said in a regulatory filing. Overall, its total income increased to Rs 7,973.61 crore in the quarter under review from Rs 6,809.2 crore in the three months ended September 30, 2024. The bank was able to reduce gross Non-Performing Assets (NPAs) to 1.72 per cent of the gross loans by the end of September 2025, from 1.84 per cent a year ago. Likewise, net NPAs or bad loans came down to 0.18 per cent, from 0.2 per cent at the end of the second quarter of the previous fiscal. Shares of Ban

Bank of Maharashtra Q2 results: Net profit rises 23% to ₹1,633 crore

As the bank is anticipating no rate cuts in Q3, the compression in NIM would be slightly lower as deposits will be re-priced