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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.
