Bank of Maharashtra shares spurt on Q3 update, Credit-Deposit ratio improves to 81.9%

Public-sector lender, Bank of Maharashtra reported its third-quarter business update for FY25, with total business rising 16.9% year-on-year to Rs 5.08 lakh crore, up from Rs 4.34 lakh crore in the previous year. Gross advances rose by 21.2% to Rs 2.29 lakh crore, driven by robust credit demand.

Total deposits climbed 13.5% year-on-year to Rs 2.79 lakh crore from Rs 2.46 lakh crore. The CASA ratio, which reflects the share of low-cost current and savings account deposits, stood at 48.28%, down from 50.19% in the same quarter last year and 49.29% in the preceding quarter. The bank’s credit-deposit ratio improved to 81.95% from 76.78% a year ago.

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For the July-September quarter, Bank of Maharashtra reported a 15% year-on-year growth in Net Interest Income (NII), which stood at Rs 2,806.8 crore compared to Rs 2,432 crore in the same period last year. Net profit for the quarter surged by 44% to Rs 1,326 crore, up from Rs 919 crore in the corresponding quarter of FY24.

Bank of Maharashtra shares rises by 4.8% at Rs 55.32. The dividend ratio is at 2.53%.

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