Page 2 - Bank Of Maharashtra

Stocks to watch today, Oct 14: Tech Mahindra, HCLTech, LG Electronics, OIL

Stocks to watch today: Oil India, KEC International, JD Cables, and Anant Raj among otherer top stocks to watch 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.

Bank of Maharashtra logs 16.8% credit growth at ₹2.54 trillion in Q2

The state-owned Bank of Maharashtra (BoM) has reported a 16.8 per cent credit growth of Rs 2.54 lakh crore in the second quarter of this financial year. Total advances stood at Rs 2.17 lakh crore as of September 30, 2024, BoM said in a regulatory filing on Monday. The Pune-based lender reported a 12.1 per cent increase in total deposits to Rs 3.09 lakh crore, as against Rs 2.76 lakh crore at the end of the second quarter of the previous financial year. The bank's total business rose by 14.2 per cent to Rs 5.64 lakh crore, from over Rs 4.94 lakh crore in the year-ago period. The Current Account and Savings Account (CASA) of the bank stood at 50.35 per cent of total deposits, compared to 49.29 per cent at the end of the second quarter of the previous fiscal year. Credit deposit ratio of the bank rose from 71.7 per cent to 82 per cent at the end of September 2025, it added.

India's resilience stands out amid global uncertainty: FM Sitharaman

Finance Minister Nirmala Sitharaman says India's resilience is built on strong fundamentals, reforms and governance, urging banks to maintain robust balance sheets and consumer trust

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.

BoM plans ₹2,000 crore equity issue; govt stake to fall below 75%

Bank of Maharashtra will raise Rs 2,000 crore via equity issue by FY26 to meet SEBI's 75% public shareholding rule, reducing government stake from nearly 80%

Bank of Maharashtra Q1 profit up 23.2% at ₹1,593 cr on healthy NII growth

Bank of Maharashtra reports a 23.2% YoY increase in Q1 net profit to ₹1,593 crore, driven by 17.6% growth in NII and healthy advances. Asset quality improves, but provisions rise due to agri NPAs

Bank of Maharashtra shares rise 3% on posting Q1 results; check details

Bank of Maharashtra shares were quoting at ₹57.13, up 1.87 per cent compared to the previous day's close of ₹56.08

Bank of Maharashtra Q1 FY26 results: Profit rises 23% to ₹1,593 crore

State-owned Bank of Maharashtra (BoM) on Tuesday reported 23 per cent increase in net profit to Rs 1,593 crore during the first quarter, helped by decline in bad loans and improvement in interest income. The Pune-based lender had posted a net profit of Rs 1,293 crore in the April-June period of the previous year. Total income in the quarter under review rose to Rs 7,879 crore from Rs 6,769 crore in the same period a year ago, BoM said in a regulatory filing. Interest earned by the bank grew to Rs 7,054 crore as compared to Rs 5,875 crore in June quarter FY25. The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 1.74 per cent of gross advances at the end of June quarter FY26 from 1.85 per cent a year ago. Similarly, net NPAs or bad loans declined to 0.18 per cent as against 0.20 per cent in the year-ago period. Capital adequacy ratio of the bank rose to 20.06 per cent from 17.04 per cent in the same quarter of FY25.

Q1 results today: HDFC Life, ICICI Lombard among 23 companies on July 15

Q1 FY26 company results: ICICI Prudential Life Insurance, HDB Financial Services, Bank of Maharashtra, Network 18 Media, set to release their earnings report for the April-June quarter

Nifty holds bullish trend; two breakout stocks with up to 6% returns

Nifty remains in a bullish zone, holding firm above key moving averages. Bank of Maharashtra and Maharashtra Seamless are the breakout stocks to watch

Bank of Maharashtra signs MoU with SBI Card for co-branded credit cards

State-owned Bank of Maharashtra on Wednesday entered into a strategic co-branding partnership with SBI Card to launch co-branded credit cards tailored to meet the evolving financial and lifestyle needs of its customers. Under this partnership, bank customers will be able to access a range of co-branded credit cards, designed with attractive features including reward points, cashback offers, fuel surcharge waivers, EMI facilities, and exclusive merchant discounts across key spending categories like dining, travel, and e-commerce, Bank of Maharashtra (BoM) said in a statement. Speaking on the occasion, BoM MD and CEO Nidhu Saxena said, "This co-branded card partnership with SBI Card marks a significant step in enhancing our retail product portfolio and delivering greater value to our customers." It reflects the bank's commitment to offering modern, convenient, and rewarding financial solutions through trusted alliances, he said in a statement. This collaboration aims to enhance custo

BoM, BoB reduce lending rates following RBI's recent policy action

Bank of Maharashtra cuts retail loan rates by up to 50 bps; Bank of Baroda trims MCLR on select tenors with effect from 12 June as banks align with RBI move

Bank of Maharashtra cuts retail loan rates by up to 50 bps post RBI move

Bank of Maharashtra, Bank of Baroda and other PSU banks cut lending rates following RBI's 50 bps repo rate reduction, with home loans now starting at 7.35 per cent

Bank of Maharashtra, UCO Bk, IOB: PSBs rise up to 6% on June 2; here's why

The Nifty PSU Bank index rose as much as 1.96 per cent to hit an intraday high of 7,010.45, with all its constituents trading in the green.

Dividend stocks: Bajaj Finance, Coforge, BOM, 2 others to remain in focus

Here is the complete list of stocks that will remain in the spotlight during trading sessions following their dividend announcements to shareholders as they go ex-date on Friday, May 9, 2025

RBI fines ICICI, Axis, three other banks for regulatory compliance lapses

The RBI said the banks' non-compliance involved cybersecurity, customer charges, KYC norms, and internal account mismanagement

Bank of Maharashtra Q4 results: Net profit rises 23% to ₹1,493 crore

Total income increased to ₹7,711 crore during the quarter under review against ₹6,488 crore in the same period of the previous year

Bank of Maharashtra cuts repo-linked lending rate by 25 bps to 8.80%

State-owned Bank of Maharashtra (BoM) has announced reduction in lending rate linked to repo rate by 25 basis points in line with the Reserve Bank's key policy rate. The bank's repo-linked lending rate (RLLR) has now been reduced from 9.05 per cent to 8.80 per cent, BoM said in a statement on Monday. The Reserve Bank of India (RBI) on Wednesday slashed key interest rates by 25 basis points for the second time in a row to support growth facing the threat of reciprocal tariffs by the US. The reduced rates will make loans more affordable and enhance the financial well-being of its customers, it said. Since all retail loans offered by the bank are linked to the RLLR, this reduction would benefit customers availing home, car, education, gold and all other retail loan products, it said. The home loan offered by the bank would start from 7.85 per cent per annum while car loans will be priced from 8.20 per cent per annum, which are among the lowest in the banking industry, it ...