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BoM CEO Details Growth and Recovery
14 Jan
Summary
- Bank aims to recover ₹1,200-1,500 crore annually from written-off assets.
- Gold loan portfolio nearly doubled to ₹22,000 crore, including co-lending.
- Bank reported nearly 20% advance growth and 23.8% ROE in Q3FY26.
Bank of Maharashtra is maintaining a robust pace in recovering written-off assets, targeting ₹1,200-₹1,500 crore annually over the next four to five years. This effort is complemented by significant growth in its gold loan portfolio, which has nearly doubled to ₹22,000 crore. The bank ensures prudent management of these loans by adhering to regulatory norms and offering concessions for lower LTV ratios.
The bank reported a strong Q3FY26 performance, with advances growing by nearly 20% and achieving a return on equity of 23.8%. Its loan-to-deposit ratio stands at 85% globally, but the domestic ratio is 83% after accounting for new International Business Unit operations. Effective management of bulk deposits and a focus on alternative funding sources contribute to this stability.
Network expansion, including the launch of 116 new branches under 'Project 321', is fueling growth momentum. Bank of Maharashtra anticipates sustained double-digit growth in both assets and liabilities. Despite margin pressures, the bank maintains a conservative NIM guidance of 3.75% for the full year, with plans to upgrade if circumstances allow.
