Page 2 - Bank of Maharashtra News

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

Q2 results today: Tech Mahindra, Bank of Maharashtra, 20 others on Oct 14

Q2FY26 company results: ICICI Lombard, Ireda, ICICI Prudential Life Insurance, and Leela Palaces Hotels & Resorts will also release their Sept quarter earnings reports today

Buy, sell, hold? Trading strategy in PSU bank stocks amid stake sale buzz?

Technical charts flag up to 22% downside risk for PSU bank shares such as Indian Overseas Bank, Uco Bank, Central Bank of India and Punjab & Sind Bank as government stake sale buzz looms.

Systematix bullish on PSBs; BoB, Union Bank may rise up to 30%: Here's why

Systematix noted that PSBs witnessed a remarkable turnaround in FY25, reversing the decade-long decline in their advances market share

GMR Airports, MGL, BoM among 5 stocks with trend line breakout; check TP

Breakout stocks: GMR Airports, Mahanagar Gas, Redington, JSW Infrastructure and Bank of Maharashtra can rally up to 28%, suggest technical charts.

Nifty PSU Bank index rises 2%; nears 52-week high. What's driving PSBs?

Thus far in the month of September, Nifty PSU Bank index has outperformed by surging 7.5 per cent, as compared to 3.7 per cent rise in the Nifty 50.