Bank of Maharashtra logs 27% rise in loan growth, total business crosses Rs 6.5 lakh crore in Q1

New Delhi: Bank of Maharashtra (BoM) on Monday said it has recorded a 27 percent year-on-year increase in its total credit to Rs 3.06 lakh crore in the June quarter.

The Pune-based public sector lender's outstanding credit stood at Rs 2.41 lakh crore at the end of the April-June quarter of FY26, BoM said in a regulatory filing.

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The total credit included loans to the retail, agriculture and MSME (RAM) segments, which grew 25 percent year-on-year to Rs 1.87 lakh crore, it said.

During the quarter, the bank's exposure to corporate credit also crossed Rs 1 lakh crore to Rs 1.11 lakh crore, registering an increase of 21 percent.

The lender reported a 13 percent rise in total deposits to Rs 3.44 lakh crore in the reporting quarter against Rs 3.05 lakh crore at the end of the first quarter of the previous financial year.

As a result, the total business (total credit and deposits) of the bank registered an increase of 19 percent to Rs 6.51 lakh crore compared with Rs 5.46 lakh crore at the end of June 30, 2025.

During the latest quarter, it said, the Current Accounts and Savings Accounts (CASA) ratio stood at 49 percent of the total deposits against 50 percent in the same period of the preceding financial year.

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