Bank of Maharashtra Q2 FY27 Results Explained
In Q2 FY27 (July–September 2026), Bank of Maharashtra reported a net profit of ₹2,310 crore, up 41.5% from a year earlier. Gross NPA was 1.25% of loans (#2 of 12 PSU banks, lowest first), CASA ratio 46.5%, net interest margin 3.86% and capital adequacy 18.51%. On BankersClub's PSU Bank Scorecard it ranks #1 of 12 overall this quarter.
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BoM report card, Q2 FY27
Graded against the other 11 public sector banks this quarter.
Key numbers
| Measure | Q2 FY27 | Change vs Q2 FY26 | Rank of 12 | PSU median |
|---|---|---|---|---|
| Business growth (YoY) | 25.2% | – | #1 | 16.6% |
| CASA ratio | 46.5% | down 388 bps | #1 | 36.8% |
| Net interest margin | 3.86% | – | #1 | 2.97% |
| Cost-to-income | 33.7% | down 339 bps | #1 | 47.9% |
| Return on assets | 2.02% | up 20 bps | #1 | 1.12% |
| Gross NPA | 1.25% | down 47 bps | #2 | 1.69% |
| Net NPA | 0.12% | down 6 bps | #1 | 0.30% |
| Provision coverage (excl. TWO) | – | – | – | 82.9% |
| Capital adequacy (CRAR) | 18.51% | – | #3 | 17.73% |
| Credit cost | 0.79% | down 40 bps | #9 | 0.55% |
| Business per employee | ₹45.3 crore | – | #1 | ₹34.4 crore |
| Profit per employee | ₹59.2 lakh | – | #1 | ₹25.3 lakh |
Size of the bank
| Figure | Q2 FY27 | Change vs Q2 FY26 | Rank of 12 |
|---|---|---|---|
| Total business | ₹7.06 lakh crore | up 25.2% | #10 |
| Deposits | ₹3.76 lakh crore | up 21.5% | #10 |
| Advances | ₹3.29 lakh crore | up 29.6% | #10 |
| Gross NPA amount | ₹4,114 crore | down 5.9% | #3 |
| Operating profit | ₹3,369 crore | up 30.9% | #8 |
| Net profit | ₹2,310 crore | up 41.5% | #8 |
The quarter at a glance
What went right
- Gross NPA down 47 bps from a year ago to 1.25%, now #2 of 12.
- Return on assets up 20 bps from a year ago to 2.02%, now #1 of 12.
- Cost-to-income down 339 bps from a year ago to 33.7%, now #1 of 12.
What went wrong
- CASA ratio down 388 bps from a year ago to 46.5%, now #1 of 12.
Loan book and deposits
Bar = share of advances or deposits. Growth is against Q2 FY26. Advances are domestic; shares are of the sum of segments. Banks report segments slightly differently; see the methodology.
Quarter by quarter
| Measure | Q2 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|
| Net profit | ₹1,633 crore | ₹2,020 crore | ₹2,310 crore |
| Operating profit | ₹2,574 crore | ₹3,117 crore | ₹3,369 crore |
| Gross NPA | 1.72% | 1.45% | 1.25% |
| Net NPA | 0.18% | 0.13% | 0.12% |
| Net interest margin | – | – | 3.86% |
| Return on assets | 1.82% | 1.90% | 2.02% |
| CASA ratio | 50.4% | 48.5% | 46.5% |
| Capital adequacy (CRAR) | – | – | 18.51% |
| Cost-to-income | 37.1% | 35.0% | 33.7% |
Compare with similar-sized banks
- Indian Overseas Bank (#2 overall)
- UCO Bank (#6 overall)
- Central Bank of India (#8 overall)
- Punjab & Sind Bank (#12 overall)
Source and method
Standalone figures from Bank of Maharashtra’s own Q2 FY27 filing (Bank of Maharashtra investor presentation Sep 2026), checked against the bank’s reported ratios. Ratios are recalculated the same way for all 12 banks where the filing allows. How the scorecard works. Not investment advice.
Last updated 12 November 2026.
Frequently asked questions
What was Bank of Maharashtra's net profit in Q2 FY27?
Bank of Maharashtra reported a standalone net profit of ₹2,310 crore in Q2 FY27 (July–September 2026), up 41.5% from Q2 FY26.
What is Bank of Maharashtra's gross NPA ratio?
Gross NPA was 1.25% of loans at the end of Q2 FY27, ranking #2 of 12 public sector banks (lowest first). Net NPA was 0.12%.
How does Bank of Maharashtra rank among public sector banks?
On BankersClub's PSU Bank Scorecard, Bank of Maharashtra ranks #1 of 12 overall in Q2 FY27, based on growth, return on assets, gross NPA, capital adequacy, CASA ratio and cost-to-income.
What is Bank of Maharashtra's CASA ratio?
Bank of Maharashtra's CASA ratio was 46.5% in Q2 FY27, #1 of 12 public sector banks.
Where does this data come from?
From Bank of Maharashtra's own Q2 FY27 results filing, using standalone figures. Every ratio is recalculated the same way for all 12 public sector banks where the filing allows.