Home / Business and Economy / Bank of Maharashtra Eyes Rs 7,500 Cr Capital Raise
Bank of Maharashtra Eyes Rs 7,500 Cr Capital Raise
20 Apr
Summary
- Bank of Maharashtra plans to raise Rs 7,500 crore via equity and debt.
- Net profit rose 34.9% to Rs 2,014 crore in Q4 FY26.
- Gross non-performing assets ratio improved to 1.45%.
Bank of Maharashtra is preparing to raise Rs 7,500 crore by issuing equity and debt instruments. This strategic move comes after the bank declared its financial results for the fourth quarter of fiscal year 2025-26, reporting a significant 34.9% surge in net profit. The lender's net profit for the January-March 2026 period reached Rs 2,014 crore, up from Rs 1,493 crore in the same period last year.
The bank's net interest income also saw a healthy increase of 18.9%, totaling Rs 3,702 crore for the quarter. Asset quality demonstrated improvement, with the gross non-performing assets ratio declining to 1.45% of gross loans by March 2026, a decrease from 1.6% in the preceding quarter. These positive financial indicators pave the way for the proposed capital infusion, subject to regulatory approvals.
