PESB research view: HoldStock
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PESB recommendation · Stock
₹80.60▲ 1.61 (+2.04%) todayNSE · as of 3 Nov 2026, 5:30 am
Recommended on 10 Mar 2026 by Anupama Bhootra
Our recommendation read against today's market data.
Bank of Maharashtra is one of the premier Indian Public Sector Banks, with 90 years of trust, growth, and service. The bank operates a well-diversified franchise, providing comprehensive financial products across Retail, Agriculture, and MSME (RAM) and corporate segments.
Bank of Maharashtra remains well-positioned for sustainable growth, supported by strong credit expansion, improving asset quality and resilient profitability. In Q2FY27, total business crossed ₹7 lakh crore, with advances growing 30% YoY and deposits increasing 22%. Net profit rose 41.4% YoY, while NIM improved 12 bps to 3.97% and ROA reached 2.02%. Asset quality remained strong, with GNPA at 1.25%, NNPA at 0.12% and PCR at 98.53%. Management expects credit growth to exceed its 18% guidance, supported by a ₹23,000 crore corporate pipeline. However, sustaining deposit mobilisation, managing funding costs and maintaining margins amid aggressive loan growth remain key monitorables.
Research by Pune E-Stock Broking Ltd., SEBI Research Analyst Reg. No. INH000018197. Investments in the securities market are subject to market risks; read all related documents carefully before investing. Past performance is not indicative of future returns.
Market data from Accord; delayed, for information only.
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