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www.bankofmaharashtra.bank.in /mahabank UnClassified
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www.bankofmaharashtra.bank.in /mahabank UnClassified 2 Contents 1. Macro Economic Highlights 3 2. Major Highlights 4 3. Business Performance 5 - 7 4. Financial Performance 8 – 19 5 Asset Quality 20 - 25 6. Capital 26 - 27 7. Digital Banking 28 - 30 8. Financial Inclusion 31 9. Expanding Footprints 32 10. Other Information 33 - 35 Page
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www.bankofmaharashtra.bank.in /mahabank UnClassified Positives GDP Growth GDP growth forecast for FY 2025-26 has been revised upward to 7.3% from 6.8%, indicating strong economic momentum. (RBI) Monetary Policy RBI has reduced the Repo Rate by 25 bps to 5.25%, maintaining its neutral stance. With this, a cumulative reduction of 125 bps has been done in 2025. GST Collections India`s GST collections rose 6.1% in December 2025 to Rs. 1.75 lakh crore (y-o-y). April- December FY26 rose by 8.6% to Rs. 16.5 lakh crore. Inflation Inflation forecast for FY 2025-26 lowered to 2.0% from 2.6%, due to easing food prices and improved supply conditions. Strong Forex Reserves As on 2nd January 2026, India’s foreign exchange reserves stood at US$ 686.8 billion, sufficient to cover more than 11 months of merchandise imports. Export Surge Exports increased by 5.43% to USD 562.13 billion in April-November 2025 in comparison to April-November 2024 Key Challenges Macro - Economic Highlights Geopolitical Tensions U.S. tariffs, the Russia-Ukraine conflict, and escalating Middle East instability may disrupt supply chains and slowdown global growth. Net Interest Margins Falling interest rates may impact net interest margins of the banks. 3 Data Source: RBI, PIB, Ministry of Commerce & Industry
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www.bankofmaharashtra.bank.in /mahabank UnClassified Major Highlights Business Performance Financial Performance Asset Quality Capital 4 (Y-o-Y) (Q: Dec` 25 vis-à-vis Q: Dec` 24) Increased by 17.24% Increased by 15.29% Increased by 14.49% Increased by 20.00% Increased by 14.69% Net Profit Operating Profit Net Interest Income Return on Assets Cost to Income Increased by 26.51% Increased by 18.78% Increased by 16.27% 1.86 (1.78) 37.19 (38.27) Total Business Total Deposits Savings Deposits Current Deposits Term Deposits Gross Advances Retail Advances MSME Advances Gross NPA Net NPA Increased by 19.62% Increased by 36.40% Increased by 7.54% 1.60 (1.80) 0.15 (0.20) Operating Profit Net Interest Income Return on Assets Cost to Income Total Business Total Deposits Savings Deposits
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www.bankofmaharashtra.bank.in /mahabank UnClassified Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Total Deposit 2,79,007 3,07,143 3,05,046 3,09,791 3,21,661 Overseas Advances - - - 888 3,517 Domestic Advances 2,28,642 2,39,837 2,41,097 2,53,230 2,69,986 Global Advances 2,28,642 2,39,837 2,41,097 2,54,118 2,73,502 Total Business 5,07,650 5,46,979 5,46,143 5,63,909 5,95,163 Global C/D Ratio (%) 81.95 78.09 79.04 82.03 85.03 5,07,650 5,46,979 5,46,143 5,63,909 5,95,163 0 20 40 60 80 100 - 1,20,000 2,40,000 3,60,000 4,80,000 6,00,000 ( ₹ in Crore ) Total Business 5 (%) 17.24 % (Y-o-Y) Major Highlights Business Performance Financial Performance Asset Quality Capital
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www.bankofmaharashtra.bank.in /mahabank UnClassified Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Retail Sector 61,157 64,853 71,966 78,226 83,418 Agriculture Sector 33,744 35,547 32,799 33,249 36,770 MSME Sector 47,606 48,369 44,967 46,553 51,197 Corporate & Others 86,136 91,068 91,365 95,201 98,601 Overseas Advances - - - 888 3,517 Domestic Advances 2,28,642 2,39,837 2,41,097 2,53,230 2,69,986 Global Advances 2,28,642 2,39,837 2,41,097 2,54,118 2,73,502 RAM % to Domestic Advances 62.33 62.03 62.10 62.19 63.48 2,28,642 2,39,837 2,41,097 2,54,118 2,73,502 0 20 40 60 80 100 - 60,000 1,20,000 1,80,000 2,40,000 3,00,000 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Term Deposits 1,41,514 1,43,486 1,52,308 1,53,812 1,62,298 Current Deposits 35,260 46,313 41,611 39,612 42,313 Savings Deposit 1,02,233 1,17,344 1,11,127 1,16,367 1,17,050 Total Deposits 2,79,007 3,07,143 3,05,046 3,09,791 3,21,661 CASA 1,37,494 1,63,657 1,52,738 1,55,979 1,59,363 CASA % 49.28 53.28 50.07 50.35 49.54 2,79,007 3,07,143 3,05,046 3,09,791 3,21,661 0 20 40 60 80 100 - 75,000 1,50,000 2,25,000 3,00,000 3,75,000 6 (%)( ₹ in Crore ) (%) ( ₹ in Crore ) Major Highlights Business Performance Financial Performance Asset Quality Capital 19.62 % (Y-o-Y) 15.29 % (Y-o-Y) Total Deposit Global Advances
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www.bankofmaharashtra.bank.in /mahabank UnClassified Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 HTM 50,322 51,722 57,053 57,788 56,156 AFS 28,419 29,117 33,694 35,139 43,637 FVTPL / HFT * 1,870 1,192 2,588 3,416 3,406 JV & Subsidiaries 241 311 762 762 762 Gross Investment 80,852 82,342 94,097 97,104 1,03,961 80,852 82,342 94,097 97,104 1,03,961 - 20,000 40,000 60,000 80,000 1,00,000 1,20,000 Investments 7 ( ₹ in Crore ) Major Highlights Business Performance Financial Performance Asset Quality Capital 28.58 % (Y-o-Y) 3.49 2.90 3.34 3.73 3.78 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 M Duration (AFS+HFT) 3.46 3.17 3.82 3.93 4.16 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 M Duration (Total)
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www.bankofmaharashtra.bank.in /mahabank UnClassified 4,432 5,554 7,237 8,549 9,962 3.14 3.48 3.90 3.98 3.88 Dec`21 Dec`22 Dec`23 Dec`24 Dec`25 Net Interest Income NIM % 2,466 2,584 2,799 2,807 2,943 3,116 3,292 3,248 3,422 3.95 3.97 3.97 3.98 3.98 4.01 3.95 3.85 3.86 Dec`23 Mar`24 Jun`24 Sept`24 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Net Interest Income NIM % 3,669 4,244 5,796 6,799 7,880 796 1,762 2,837 4,027 5,005 Dec`21 Dec`22 Dec`23 Dec`24 Dec`25 Operating Profit Net Profit 2,012 2,210 2,294 2,202 2,303 2,520 2,570 2,574 2,736 1,036 1,218 1,293 1,327 1,406 1,493 1,593 1,633 1,779 Dec`23 Mar`24 Jun`24 Sept`24 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Operating Profit Net Profit ( ₹ in Crore ) ( ₹ in Crore ) Major Highlights Business Performance Financial Performance Asset Quality Capital Profitability 8 ( ₹ in Crore ) (Quarterly)(Quarterly) (Nine-months ended) ( ₹ in Crore ) NII: 16.27 % (Y-o-Y) NII: 16.52 % (Y-o-Y) Operating Profit: 18.78% (Y-o-Y) Net Profit: 26.51% (Y-o-Y) Operating Profit: 15.89 % (Y-o-Y) Net Profit: 24.30% (Y-o-Y) (Nine-months ended)
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www.bankofmaharashtra.bank.in /mahabank UnClassified Statement of Income and Expenditure Year ended Dec`24 Sept`25 Dec`25 Y-o-Y (%) Dec`24 Dec`25 Y-o-Y (%) Mar`25 Total Income 7,112 7,974 8,277 16 20,690 24,129 17 28,402 Interest Income 6,325 7,128 7,344 16 18,217 21,526 18 24,947 Non-Interest Income 788 845 933 18 2,474 2,603 5 3,454 Total Expenses 4,809 5,399 5,541 15 13,891 16,250 17 19,083 Interest Expenses 3,381 3,881 3,922 16 9,668 11,565 20 13,282 Operating Expenses 1,428 1,519 1,620 13 4,223 4,685 11 5,801 Operating Profit 2,303 2,574 2,736 19 6,799 7,880 16 9,319 Provision & Contingencies other than taxes 841 756 728 (13) 2,613 2,351 (10) 3,597 Profit Before Taxes 1,462 1,818 2,007 37 4,186 5,528 32 5,722 Provision for Taxes [Net of DTA] 56 185 228 308 159 523 228 203 Net Profit 1,406 1,633 1,779 27 4,027 5,005 24 5,520 Particulars Quarter ended Nine-months ended ( ₹ in Crore ) 9 Major Highlights Business Performance Financial Performance Asset Quality Capital
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www.bankofmaharashtra.bank.in /mahabank UnClassified Dec`21 Dec`22 Dec`23 Dec`24 Dec`25 Interest on Advances 5,999 8,117 11,562 14,058 16,505 Interest on Investment 3,310 3,170 3,362 3,981 4,777 Other Interest Income 284 116 104 178 244 Total Interest Income 9,593 11,403 15,028 18,217 21,526 9,593 11,403 15,028 18,217 21,526 - 5,000 10,000 15,000 20,000 25,000 Dec`23 Mar`24 Jun`24 Sept`24 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Interest on Advances 4,026 4,264 4,458 4,684 4,917 5,233 5,407 5,451 5,647 Interest on Investment 1,110 1,099 1,301 1,313 1,367 1,380 1,493 1,634 1,651 Other Interest Income 36 104 116 21 41 118 154 44 46 Total Interest Income 5,171 5,467 5,875 6,017 6,325 6,731 7,054 7,128 7,344 5,171 5,467 5,875 6,017 6,325 6,731 7,054 7,128 7,344 - 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 Interest Earnings ( ₹ in Crore ) 10 (Quarterly) ( ₹ in Crore ) 18.17 % (Y-o-Y) 16.12 % (Y-o-Y) (Nine-months ended) Major Highlights Business Performance Financial Performance Asset Quality Capital
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www.bankofmaharashtra.bank.in /mahabank UnClassified 11 Year ended Dec`24 Sept`25 Dec`25 Y-o-Y (%) Dec`24 Dec`25 Y-o-Y (%) Mar`25 Comm. from Advances 221 254 319 44 633 793 25 897 Other Commissions 197 183 209 6 592 571 (4) 844 Fee Based Income 417 437 528 26 1,226 1,364 11 1,741 Net Profit on Investment 34 99 (179) (630) 148 62 (58) 220 Net profit from FEX 16 21 35 124 38 107 183 63 Treasury Income 50 120 (143) (389) 186 169 (9) 283 Recovery in written off accounts 308 281 540 76 1,032 1,044 1 1,375 Other Miscellaneous Income 13 8 8 (40) 30 27 (12) 55 Total Non-Interest Income 788 845 933 18 2,474 2,603 5 3,454 Particulars Quarter ended Nine-months ended Non-Interest Income ( ₹ in Crore ) Major Highlights Business Performance Financial Performance Asset Quality Capital * * * Excluding one-of item, the profit for the quarter will be Rs. 112 cr. & for 9- Months Rs.352 cr.
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www.bankofmaharashtra.bank.in /mahabank UnClassified Dec`21 Dec`22 Dec`23 Dec`24 Dec`25 Interest on Deposits 4,823 5,145 7,302 9,100 10,059 Other Interest Expenses 337 705 488 568 1,506 Total Interest Expenses 5,161 5,849 7,791 9,668 11,565 5,161 5,849 7,791 9,668 11,565 - 2,500 5,000 7,500 10,000 12,500 Dec`23 Mar`24 Jun`24 Sept`24 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Interest on Deposits 2,544 2,739 2,926 3,016 3,158 3,195 3,310 3,410 3,339 Other Interest Expenses 162 144 150 195 223 419 452 470 583 Total Interest Expenses 2,706 2,882 3,076 3,211 3,381 3,614 3,762 3,881 3,922 2,706 2,882 3,076 3,211 3,381 3,614 3,762 3,881 3,922 - 900 1,800 2,700 3,600 4,500 ( ₹ in Crore ) 12 ( ₹ in Crore ) (Quarterly) Interest Expenses 15.99 % (Y-o-Y) 19.63 % (Y-o-Y) (Nine-months ended) Major Highlights Business Performance Financial Performance Asset Quality Capital
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www.bankofmaharashtra.bank.in /mahabank UnClassified Dec`21 Dec`22 Dec`23 Dec`24 Dec`25 Other Operating Expenses 1,306 1305 1,430 1,662 2,185 Staff Expenses 1,588 1463 1,988 2,561 2,500 Total Operating Expenses 2,894 2,768 3,418 4,223 4,685 2,894 2,768 3,418 4,223 4,685 - 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 Dec`23 Mar`24 Jun`24 Sept`24 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Other Operating Expenses 487 546 499 585 578 696 666 697 822 Staff Expenses 647 850 900 812 850 881 880 822 798 Total Operating Expenses 1,134 1,396 1,399 1,397 1,428 1,577 1,547 1,519 1,620 1,134 1,396 1,399 1,397 1,428 1,577 1,547 1,519 1,620 - 200 400 600 800 1,000 1,200 1,400 1,600 1,800 ( ₹ in Crore ) 13 ( ₹ in Crore ) (Quarterly) Operating Expenses 13.41% (Y-o-Y) 10.93 % (Y-o-Y) (Nine-months ended) Major Highlights Business Performance Financial Performance Asset Quality Capital
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www.bankofmaharashtra.bank.in /mahabank UnClassified Provisions & Contingencies ( ₹ in Crore ) 14 Year Ended Dec`24 Sept`25 Dec`25 Dec`24 Dec`25 Mar`25 Prov for Non Performing Assets 593 583 660 1,778 1,962 2,417 Prov for Standard/Restructured Assets 244 158 79 781 348 1,105 Prov for Non-performing Investment 1 0 0 1 0 (8) Other provisions (net of write back) 3 15 (11) 54 41 83 Provision & Contingencies other than taxes 841 756 728 2,613 2,351 3,597 Income Tax [net of DTA & write back] 56 185 228 159 523 203 TOTAL PROVISIONS 897 941 956 2,773 2,875 3,799 Particulars Quarter Ended Nine-months ended Major Highlights Business Performance Financial Performance Asset Quality Capital
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www.bankofmaharashtra.bank.in /mahabank UnClassified Key Financial Ratios 15 (Quarterly) 4.43 4.56 4.48 4.66 4.75 4.74 4.59 4.67 4.47 Dec`23 Mar`24 Jun`24 Sept`24 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Cost of Deposits (%) 4.05 4.09 4.09 4.20 4.27 4.30 4.26 4.32 4.10 Dec`23 Mar`24 Jun`24 Sept`24 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Cost of Funds (%) 36.04 38.72 37.87 38.81 38.27 38.50 37.57 37.10 37.19 Dec`23 Mar`24 Jun`24 Sept`24 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Cost to Income (%) 3.72 3.61 4.26 4.62 4.58 Dec`21 Dec`22 Dec`23 Dec`24 Dec`25 Cost of Deposits (%) 3.36 3.37 3.90 4.19 4.22 Dec`21 Dec`22 Dec`23 Dec`24 Dec`25 Cost of Funds (%) 44.09 39.48 37.10 38.32 37.29 Dec`21 Dec`22 Dec`23 Dec`24 Dec`25 Cost to Income (%) (Nine-months ended) Major Highlights Business Performance Financial Performance Asset Quality Capital
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www.bankofmaharashtra.bank.in /mahabank UnClassified Key Financial Ratios 16 (Quarterly) 9.01 9.14 8.96 9.21 9.27 9.30 9.28 9.19 8.92 Dec`23 Mar`24 Jun`24 Sept`24 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Yield on Advances (%) 6.25 6.58 7.52 7.89 7.86 Dec`21 Dec`22 Dec`23 Dec`24 Dec`25 Yield on Funds (%) 6.26 6.04 6.43 6.91 6.82 Dec`21 Dec`22 Dec`23 Dec`24 Dec`25 Yield on Investments (%) 7.36 7.84 8.85 9.15 9.12 Dec`21 Dec`22 Dec`23 Dec`24 Dec`25 Yield on Advances (%) 7.75 7.76 7.81 7.87 7.99 8.01 7.99 7.93 7.67 Dec`23 Mar`24 Jun`24 Sept`24 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Yield on Funds (%) 6.57 6.58 6.99 6.86 6.87 6.87 6.89 6.86 6.71 Dec`23 Mar`24 Jun`24 Sept`24 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Yield on Investments (%) (Nine-months ended) Major Highlights Business Performance Financial Performance Asset Quality Capital
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www.bankofmaharashtra.bank.in /mahabank UnClassified 11.21 18.50 22.70 23.41 22.30 Dec`21 Dec`22 Dec`23 Dec`24 Dec`25 Return on Equity (%) 17 Key Financial Ratios (Quarterly) 1.55 1.73 1.72 1.74 1.78 1.78 1.80 1.82 1.86 Dec`23 Mar`24 Jun`24 Sept`24 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Return on Assets (%) 24.51 28.35 27.62 26.01 22.36 23.08 23.00 22.58 23.79 Dec`23 Mar`24 Jun`24 Sept`24 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Return on Equity (%) 0.52 1.02 1.42 1.74 1.83 Dec`21 Dec`22 Dec`23 Dec`24 Dec`25 Return on Assets (%) (Nine-months ended) Major Highlights Business Performance Financial Performance Asset Quality Capital
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www.bankofmaharashtra.bank.in /mahabank UnClassified Assets & Liabilities – An Overview Assets Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Cash & Balance with RBI 15,466 37,993 23,291 17,276 10,678 Balances with Bank & Call Money 20 4,202 3,460 662 142 Total Investments (Net of Depreciation & Provision) 80,544 82,005 93,779 96,422 1,03,000 Total Advances (Net of Provision) 2,24,961 2,36,084 2,37,326 2,50,188 2,69,527 Total Fixed Assets (Net of Depreciation) 2,379 2,916 2,894 2,904 2,858 Other Assets 6,324 5,943 6,543 6,276 7,019 Total 3,29,695 3,69,142 3,67,292 3,73,729 3,93,224 Liabilities Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Capital 7,692 7,692 7,692 7,692 7,692 Reserves & Surplus 19,843 20,798 22,501 23,915 25,618 Deposits 2,79,007 3,07,143 3,05,046 3,09,791 3,21,661 Borrowings 15,164 23,853 23,730 24,924 30,358 Other Liabilities & Provisions 7,989 9,658 8,324 7,407 7,895 Total 3,29,695 3,69,142 3,67,292 3,73,729 3,93,224 ( ₹ in Crore ) 18 Major Highlights Business Performance Financial Performance Asset Quality Capital
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www.bankofmaharashtra.bank.in /mahabank UnClassified Credit Portfolio – Balanced Loan Growth ( ₹ in Crore ) Particulars Dec`24 Sept`25 Dec`25 Growth (Y-o-Y) % Total Retail Credit 61,157 78,226 83,418 36.40 of which Housing 35,982 43,041 45,895 27.55 Education 2,604 2,860 2,934 12.68 Vehicle 3,790 4,872 5,829 53.82 Others 18,782 27,454 28,760 53.12 Particulars Dec`24 Sept`25 Dec`25 Growth (Y-o-Y) % Total Agriculture Credit 33,744 33,249 36,770 8.97 of which Farm Credit (Crop, Investment & Allied) 18,030 13,438 14,717 (18.37) Agri Infrastructure 750 932 983 31.02 Agri Ancillary Activities 14,964 18,879 21,070 40.81 Particulars Dec`24 Sept`25 Dec`25 Growth (Y-o-Y) % Total MSME Credit 47,606 46,553 51,197 7.54 of which Micro 24,334 25,828 29,180 19.91 Small 15,276 14,704 15,031 (1.60) Medium 7,996 6,022 6,987 (12.62) RETAIL CREDIT AGRICULTURE CREDIT MSME CREDIT Particulars Dec`24 Sept`25 Dec`25 Growth (Y-o-Y) % Domestic Advances 2,28,642 2,53,230 2,69,986 18.08 of which Retail Sector 61,157 78,226 83,418 36.40 Agriculture Sector 33,744 33,249 36,770 8.97 MSME Sector 47,606 46,553 51,197 7.54 Total of RAM 1,42,507 1,58,029 1,71,385 20.26 RAM % to Domestic Advances 62.33 62.41 63.48 Corporate & Others 86,136 95,201 98,601 14.47 Overseas Advances - 888 3,517 - Global Advances 2,28,642 2,54,118 2,73,502 19.62 % Share of Global Advances, as on 31st December 2025 19 ( ₹ in Crore ) Other Retail Loan (Break-up) - Dec`25 Amount (Rs. In Cr.) % of Total other Retail Loan Gold 12,258 43 LAP, Top-Up & Others 6,382 22 Staff Loans 3,839 13 Personal 4,277 15 LAD 1,190 4 Aadhar 814 3 Total 28,760 100 Retail Sector; 30.50% Agriculture Sector; 13.44% MSME Sector; 18.72% Corporate & Others; 36.05% Overseas Advances 1.29% Major Highlights Business Performance Financial Performance Asset Quality Capital
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www.bankofmaharashtra.bank.in /mahabank UnClassified 17.89% 16.71% 13.36% 8.28% 4.99% 3.98% 3.42% 2.66% 2.47% 1.98% 1.89% 1.42% 1.36% 1.33% 1.29% 1.27% 1.23% 1.18% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% Infrastructure Housing Agriculture & Allied Activities NBFCs other than Public Financial Institutions (PFIs) Trade Loans against gold jewellery Professional and Other Services Commercial Real Estate Basic Metal & Metal Product All Engineering Vehicle Loans Petroleum, Coal Products & Nuclear Fuels Textiles Housing Finance Companies (HFCs) Education Micro Financial Institutions (MFIs) Iron & Steel Chemicals & Chemical Products Funded exposure to selected sectors & industries with total exposure (more than 1%) – Dec`25 Top 3 selected sectors are Infrastructure, Housing, and Agriculture & Allied Activites, which cover over 47% of total funded exposure. Major Highlights Business Performance Financial Performance Asset Quality Capital 20
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www.bankofmaharashtra.bank.in /mahabank UnClassified External Rating-wise Advances – Above 25 Cr No. of Borrowers O/s Amount % of O/s Amount No. of Borrowers O/s Amount % of O/s Amount No. of Borrowers O/s Amount % of O/s Amount Total Eligible Advances for External Rating 508 1,00,977 100 569 1,13,388 100 621 1,19,062 100 AAA 10 4,589 5 13 8,043 7 13 9,292 8 AA 89 34,234 34 96 35,353 31 99 37,828 32 A 122 23,689 23 154 30,653 27 181 32,668 27 BBB 127 14,336 14 165 18,963 17 172 18,546 16 BB & Below 57 4,480 4 40 2,664 2 41 3,942 3 Total Rated 405 81,328 80 468 95,676 84 506 1,02,276 86 Govt. Guaranteed Advances(Unrated) 21 15,000 15 16 11,126 10 17 9,000 7 Total Rated plus Govt Guarantee 426 96,328 95 484 1,06,802 94 523 1,11,276 93 Other Unrated 82 4,649 5 85 6,586 6 98 7,786 7 Dec`24 Sept`25 Dec`25 Particulars ( ₹ in Crore ) 21 Major Highlights Business Performance Financial Performance Asset Quality Capital
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www.bankofmaharashtra.bank.in /mahabank UnClassified Restructuring of Standard Advances Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Retail- As on Date 1,213 1,159 1,086 1,023 985 Agriculture- As on date 108 128 122 127 105 MSME- As on date 212 196 194 81 66 Corporate- As on Date 457 896 880 926 939 Total 1,990 2,379 2,282 2,157 2,095 Amount % of Gross Adv. Amount % of Gross Adv. Amount % of Gross Adv. Amount % of Gross Adv. Amount % of Gross Adv. Standard 2,24,518 98.20 2,35,652 98.26 2,36,892 98.26 2,49,746 98.28 2,69,115 98.40 Sub-Standard 1,504 0.66 1,617 0.67 1,673 0.69 1,708 0.67 1,810 0.66 Doubtful 2,444 1.07 2,395 1.00 2,322 0.96 2,442 0.96 2,358 0.86 Loss 176 0.08 172 0.07 211 0.09 222 0.09 221 0.08 Total Advances 2,28,642 100 2,39,837 100 2,41,097 100 2,54,118 100 2,73,502 100 Particulars Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Amount % of Gross Adv. Amount % of Gross Adv. Amount % of Gross Adv. Amount % of Gross Adv. Amount % of Gross Adv. SMA 1 271 0.12 214 0.10 114 0.05 226 0.09 176 0.06 SMA2 236 0.10 40 0.02 171 0.07 296 0.12 344 0.13 Total 506 0.22 254 0.12 285 0.12 522 0.21 521 0.19 * Rs. 5 crore and above Special Mention Account (SMA) * Dec`25Dec`24 Mar`25 Jun`25 Sept`25 Particulars Asset Quality ( ₹ in Crore ) 22 Major Highlights Business Performance Financial Performance Asset Quality Capital
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www.bankofmaharashtra.bank.in /mahabank UnClassified 1.27 1.23 1.18 1.18 1.16 1.17 1.23 1.20 1.20 Dec`23 Mar`24 Jun`24 Sept`24 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Slippage Ratio % 1.23 0.90 1.12 1.10 1.04 1.07 1.19 0.92 0.97 Dec`23 Mar`24 Jun`24 Sept`24 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Credit Cost % 23 (Quarterly) (Quarterly) 0.22 0.20 0.20 0.20 0.20 0.18 0.18 0.18 0.15 2.04 1.88 1.85 1.84 1.80 1.74 1.74 1.72 1.60 Dec`23 Mar`24 Jun`24 Sept`24 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Gross & Net NPA (%) Net NPA % Gross NPA % 98.40 98.34 98.36 98.31 98.28 98.26 98.36 98.34 98.41 90.05 89.88 89.84 89.74 89.77 90.18 90.17 90.37 90.70 Dec`23 Mar`24 Jun`24 Sept`24 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Provisions Coverage Ratio (%) PCR [%] (including TWO) PCR [%] (excluding TWO) Major Highlights Business Performance Financial Performance Asset Quality Capital
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www.bankofmaharashtra.bank.in /mahabank UnClassified Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Opening Level of Gross NPAs 4,010 4,124 4,185 4,206 4,372 Total Reductions 510 603 708 546 735 of which : Recovery + Upgradation 226 366 242 427 287 Gross Addition 624 663 730 712 751 of which : Variable 3 4 3 2 2 : Fresh Slippages (Net) 621 660 727 710 749 Net Increase/Decrease 114 60 21 166 16 Closing Level of Gross NPAs 4,124 4,185 4,206 4,372 4,388 Particulars Last 5 Quarters Advances Sector NPA Sector NPA % Advances Sector NPA Sector NPA % Advances Sector NPA Sector NPA % Retail Sector 61,157 208 0.34 78,226 240 0.31 83,418 294 0.35 Agriculture Sector 33,744 2,649 7.85 33,249 3,287 9.89 36,770 3,312 9.01 MSME Sector 47,606 1,140 2.39 46,553 807 1.73 51,197 759 1.48 Total of RAM 1,42,507 3,997 2.80 1,58,029 4,334 2.74 1,71,385 4,365 2.55 Corporate & Others 86,136 127 0.15 95,201 38 0.04 98,601 23 0.02 Domestic Advances 2,28,643 4,124 1.80 2,53,230 4,372 1.73 2,69,986 4,388 1.63 Overseas Advances - - - 888 - - 3,517 - - Global Advances 2,28,643 4,124 1.80 2,54,118 4,372 1.72 2,73,502 4,388 1.60 Particulars Dec`24 Dec`25Sept`25 Sector-wise Credit Deployment & NPA ( ₹ in Crore )Movement of NPA ( ₹ in Crore ) 24 Major Highlights Business Performance Financial Performance Asset Quality Capital
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www.bankofmaharashtra.bank.in /mahabank UnClassified Retail Sector - NPA Advances Sector NPA Sector NPA % Advances Sector NPA Sector NPA % Advances Sector NPA Sector NPA % Total Retail Credit 61,157 208 0.34 78,226 240 0.31 83,418 294 0.35 of which Housing 35,982 82 0.23 43,041 78 0.18 45,895 104 0.23 Education 2,604 6 0.24 2,860 2 0.08 2,934 7 0.24 Vehicle 3,790 6 0.15 4,872 7 0.14 5,829 8 0.13 Others 18,782 114 0.61 27,454 153 0.56 28,760 175 0.61 Dec`24 Sept`25 Dec`25 Particulars ( ₹ in Crore ) Advances Sector NPA Sector NPA % Advances Sector NPA Sector NPA % Advances Sector NPA Sector NPA % Total MSME Credit 47,606 1,140 2.39 46,553 807 1.73 51,197 759 1.48 of which Micro 24,334 852 3.50 25,828 667 2.58 29,180 629 2.16 Small 15,276 217 1.42 14,704 104 0.71 15,031 121 0.80 Medium 7,996 71 0.89 6,022 36 0.59 6,987 9 0.13 Particulars Dec`24 Sept`25 Dec`25 MSME Sector - NPA ( ₹ in Crore ) 25 0.44 0.43 0.37 0.35 0.34 0.30 0.39 0.31 0.35 Dec`23 Mar`24 Jun`24 Sept`24 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Retail Sector NPA % 2.72 2.52 2.42 2.39 2.39 1.92 1.59 1.73 1.48 Dec`23 Mar`24 Jun`24 Sept`24 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 MSME Sector NPA % Major Highlights Business Performance Financial Performance Asset Quality Capital
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www.bankofmaharashtra.bank.in /mahabank UnClassified Capital Adequacy (%) Particulars Dec`24 Sept`25 Dec`25 RWA for Credit Risk 1,42,125 1,63,251 1,77,278 RWA for Market Risk 1,096 2,931 2,028 RWA for Operational Risk 17,968 21,531 21,531 Total RWA 1,61,189 1,87,714 2,00,837 CET I % 13.60 14.05 13.10 AT I % 1.10 0.91 0.85 TIER I % 14.70 14.96 13.95 26 Major Highlights Business Performance Financial Performance Asset Quality Capital 12.92 13.72 13.40 13.13 14.70 16.86 16.63 14.96 13.95 3.93 3.66 3.64 4.13 4.01 3.67 3.43 3.17 3.11 16.85 17.38 17.04 17.26 18.71 20.53 20.06 18.13 17.06 Dec`23 Mar`24 Jun`24 Sept`24 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Tier I Capital Tier II Capital CRAR ( ₹ in Crore )
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www.bankofmaharashtra.bank.in /mahabank UnClassified Equity Holding(%) & Ratios Particulars Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 No. of Shares (in crore) 769 769 769 769 769 Market Capitalization (in crore) 40,142 35,643 43,926 43,057 47,726 Net Worth (in crore) 25,310 25,881 27,699 28,934 29,923 Return on Equity (%) 22.36 23.08 23.00 22.58 23.79 Return on Assets (%) 1.78 1.78 1.80 1.82 1.86 Earning Per Share (Rs.) (Not Annualized) 1.83 1.94 2.07 2.12 2.31 Book Value Per Share (Rs.) (excl. Rev. Res.) 32.91 33.65 36.01 37.62 38.90 As on 31st December 2025 27 Particulars Agency Rating Long Term Rating (Tier II Bonds) ICRA / CARE / INFOMERICS / ACUITE / BRICKWORK AA+ (Stable) Short Term Rating CRISIL A1+ International Rating S&P BBB- (Stable) (Quarterly) The current rating assigned by S&P is three notches above the existing rating given by Fitch. Major Highlights Business Performance Financial Performance Asset Quality Capital Govt of India, 73.60% Banks/ FIs/ Insurance Co, 8.06% FIIs, NRIs and OCBs, 5.16% Mutual funds/ UTI/ AIFs, 5.43% Bodies Corporate, 0.52% Individuals, 7.22% Shareholding Pattern GOI Holding reduced from 79.6% to 73.6% via OFS in this quarter, achieving SEBI`s 25% minimum public shareholding compliance.
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www.bankofmaharashtra.bank.in /mahabank UnClassified 28 28 New Initiatives in Digital Banking Digital Banking Financial Inclusion Expanding Footprints ESG Initiatives Products, Services & Awards Digital Sanctions Implementation of Digital MUDRA STP Term Loan (up to 10 Lac) ➢End to end, paperless and regulatory compliant credit delivery to MSME enterprises with loan amount up to 10 lakhs KCC Jan Samarth for Maharashtra ➢Straight Through Process for Kisan Credit Card loan (up to Rs. 1.60 Lakhs) for borrower to avail short-term credit requirements for cultivation of crop, post-harvest expenses, produce marketing loan etc. Integration with RBIH ULI platform services ➢Bank has implemented 6 API including PAN , Aadhaar, Udyam, Land ownership and MIS Digital Gold for STP processing • New Age mobile application • For Fund Transfer • Online FD/ RD opening and close • LAD on On-line FDs • All account statement • Smart Payment Solutions like bill splitting • Event booking and management • Enhanced Security Features • Standing Instructions Services Zen Lyfe • Enhancing payment security • Replacing stored card details with unique digital tokens • Enable secure token generation, storage, and management • Quick Merchants Checkout Card on File Tokenization (CoFT)
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www.bankofmaharashtra.bank.in /mahabank UnClassified 29 New Initiatives in Information Technology • Bank has successfully implemented CTS continuous clearing Phase-1 and put into production in compliance with NPCI/RBI guidelines, ensuring uninterrupted and seamless customer services. • Bank has deployed ‘MT MX Converter’ configuration for SWIFT ISO 20022 has been completed and made operational in line with SWIFT’s ISO 20022 migration requirements. To enhance the Delivery Channels • Bank has been upgraded Debit Card Management System (DCMS) ‘Cortex’ to Version 4.3, delivering improved system performance and strengthened security controls. • Bank has successfully migrated its major digital touchpoints to the “.bank.in” domain, enhancing trust, security, and brand credibility. To enhance Core Technology Infra • Bank have deployed Bulk E-mail facility to enable secure and efficient dissemination of bulk communications to stakeholders, including the delivery of e-statements to customers. • Bank has implemented ‘Saral GST - Vendor Payment System’ application for processing bank expenses, incorporating a maker– checker mechanism and ensuring compliance with applicable GST and Income Tax regulations. To enhance Digital Process & Automation Digital Banking Financial Inclusion Expanding Footprints ESG Initiatives Products, Services & Awards
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www.bankofmaharashtra.bank.in /mahabank UnClassified Digital Footprints 30 98.47 98.70 98.85 98.84 98.89 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Digital transaction (%) 1.79 1.97 2.14 2.30 2.56 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Mobile Banking Users (Mio) 1.52 1.70 1.96 2.03 2.27 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Whats App Users (Mio.) 3.70 4.22 4.64 6.12 6.60 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 UPI/BHIM Users (Mio) 0.93 0.94 0.95 0.95 0.96 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 QR Merchant Onboarding (Mio.) 692 801 852 850 914 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 UPI/BHIM Transactions (Mio) Digital Banking Financial Inclusion Expanding Footprints ESG Initiatives Products, Services & Awards
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www.bankofmaharashtra.bank.in /mahabank UnClassified Financial Inclusion (in Lakhs) Digital Banking Financial Inclusion Expanding Footprints ESG Initiatives Products, Services & Awards 31 80.55 80.61 81.04 82.67 84.84 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 No. of PMJDY Accounts 33.36 35.98 36.74 38.16 44.42 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 No. of policies issued under Pradhan Mantri Jeevan Jyoti Bima Yojana 8.74 9.86 10.33 10.93 11.8 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 No.of Enrollments under Atal Pension Yojana 66.2 70.94 72.08 75.06 83.6 Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 No. of policies issued under Pradhan Mantri Suraksha Bima Yojana
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www.bankofmaharashtra.bank.in /mahabank UnClassified Digital Banking Financial Inclusion Expanding Footprints ESG Initiatives Products, Services & Awards Dec`24 Mar`25 Jun`25 Sept`25 Dec`25 Metro 632 645 648 657 672 Urban 564 578 591 598 608 Semi Urban 746 770 787 793 809 Rural 609 613 615 617 630 Total Branches 2,551 2,606 2,641 2,665 2,719 Category No. of Branches 32 Employee Age Profile % (in Years) Total No. of employees are 15474, out of which 70% of employees are below the age of 40 years. 20% 23% 27% 13% 17% Below 30 30-35 35-40 40-45 45 above
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www.bankofmaharashtra.bank.in /mahabank UnClassified Digital Banking Financial Inclusion Expanding Footprints ESG Initiatives Products, Services & Awards 33 Maha Green Pehal •Collection of Climate Risk related data across Bank through Maha Green Pahal portal under “MAHADARPAN” •Discontinuation of plastic folders and purchase of Diesel Vehicle. •Implementation of E-meeting portal for saving paper usage. •Dedicated Green Cell unit for Climate Risk Management initiatives. Green Finance •Maha Super Green Housing Loan Scheme-Green Building: Rs. 142 Cr as on 31.12.25. •Maha Super Green Car Loan Scheme: E-Vehicle: Rs. 296 Cr as on 31.12.25 •Roof Top Solar Scheme – PM Surya Ghar: Rs. 208 Cr as on 31.12.25 •Renewable energy– Rs. 5509 Cr as on 31.12.25 •Green Deposit as on 31.12.25– Rs. 63 Cr E-Waste •Total E-waste collected as on 31.12.25 ~ 316 Ton •Total E-waster recycled as on 31.12.25 ~ 316 Ton •Total reduction of Carbon Emissions as on 31.12.25 ~ 418 Ton Tree Plantation •Total 15022 trees have been planted nationwide as contribution towards making the environment better. Adoption of Green Energy •Installed Solar panel at Head office & total 24 premises •14,79,334 units of electricity generated as on 31.12.25 through solar installations. •The amount saved on electricity through solar installations as on 31.12.25 - Rs. 1.81 Crore Credit Assistance •Rs. 36,770 Cr – Total Loan to agricultural sector as on 31.12.25 •Rs. 1,07,634 Cr – Total Loan to priority sector as on 31.12.25 •Rs. 23,527 Cr – Total loan to Women beneficiaries under different schemes as on 31.12.25 Corporate Social Responsibility •Total amount of Rs. 2.24 Cr has been contributed by Bank under various Social & Environmental initiatives /activities as on 31.12.25 Human Resources •Total Workforce of the Bank is 15,474 as on 31.12.25 •Total no. of women employee is 4,523 as on 31.12.25 which is approximately 29% of total workforce. •Total 1,33,024 man-hours of training provided to the employees of the Bank during December 2025 quarter by Bank’s training institutes.
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www.bankofmaharashtra.bank.in /mahabank UnClassified Digital Banking Financial Inclusion Expanding Footprints ESG Initiatives Products, Services & Awards
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www.bankofmaharashtra.bank.in /mahabank UnClassified Dhanam Best Bank of the Year Award at South India’s premier BFSI event - Dhanam BFSI Summit & Award Nite 2025. SKOCH GOLD Award 2025 in the BFSI Category for the initiative “Art Ledger - An Employee Engagement Program” 35 IBA Technology Award under seven different categories for the consecutive year. Best Mid-sized Bank Award in the Best Bank Awards by Business Today at the hands of Shri Rahul Narvekar, Hon’ble Speaker, Maharashtra Legislative Assembly Digital Banking Financial Inclusion Expanding Footprints ESG Initiatives Products, Services & Awards Public Sector Excellence Award 2025 in the Banks (Mid) – Central PSU category at the Dun & Bradstreet PSU & Government Summit. Public Sector Bank of the Year in the Institutional Category at the prestigious FE Best Banks Awards, presented by Shri Amit Shah, Hon’ble Minister of Home Affairs
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