Infomerics Reaffirms Bank of Maharashtra Bonds, Signals Strong Stability

Pune, March 11, 2026: Bank of Maharashtra has announced that Infomerics Valuation and Rating Limited (IVR) has reaffirmed its credit ratings on the bank’s Basel III compliant bonds and AT1 securities. This reaffirmation reflects the bank’s strong financial health, stable credit profile, and investor confidence.

Key Highlights of the Ratings

The Proposed Basel III Compliant Tier II Bonds with a total rated amount of ₹137 crore were reaffirmed with a rating of IVR AA+/Stable.
The Basel III Tier II Bonds under ISIN INE457A08126, with a coupon rate of 8.00% and rated amount of ₹348 crore, received a reaffirmed rating of IVR AA+/Stable.
Another Basel III Tier II Bond under ISIN INE457A08142, with a coupon of 7.98% and rated amount of ₹515 crore, was reaffirmed at IVR AA+/Stable.
The Basel III Compliant AT1 Bonds, ISIN INE457A08100, with a coupon of 8.75% and rated amount of ₹290 crore, received a reaffirmed rating of IVR AA/Stable.
Basel III Compliant AT1 Bonds under ISIN INE457A08118, with a coupon rate of 8.74% and rated amount of ₹710 crore, were reaffirmed as IVR AA/Stable.
The Proposed Basel III Compliant AT1 Bonds, totaling ₹120 crore, were reaffirmed with IVR AA/Stable.
Finally, Basel III Compliant AT1 Bonds under ISIN INE457A08134, with a coupon of 8.74% and rated amount of ₹880 crore, were also reaffirmed as IVR AA/Stable.

All ratings were verified and reaffirmed on 11th March 2026, demonstrating the robust financial position and governance standards of Bank of Maharashtra.

About Bank of Maharashtra

Bank of Maharashtra is a leading public sector bank in India, providing banking and financial services across retail, corporate, and institutional segments. The bank has its Head Office at Lokmangal, Pune, and its Corporate Office at Mont Claire, Baner-Pashan Link Road, Pune.

About Infomerics Valuation and Rating Limited

Infomerics is a leading credit rating agency in India, providing ratings, research, and analytical insights for financial instruments, including bonds and hybrid securities. The reaffirmation by Infomerics highlights the bank’s stability, strong risk management, and investor confidence.

Compliance and Transparency

The announcement has been made in compliance with Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All applications and queries related to the ratings are handled professionally by the bank’s Company Secretary & Compliance Officer, Vishal Sethia.