Bank of Maharashtra Shares Surge on Provisional Q4FY26 Earnings Release

Bank of Maharashtra Reports 22% Credit Growth, Shares Rise 4.5%

Bank of Maharashtra, a public sector lender based in Pune, achieved a significant credit growth of 22% in the fourth quarter ending March 2026. The bank's total credit outstanding now stands at ₹2.92 lakh crore, up from ₹2.40 lakh crore at the conclusion of the January to March quarter of the previous fiscal year.

The bank's credit portfolio comprises ₹1.12 lakh crore in corporate credit and ₹1.79 lakh crore in Rural and Agricultural Micro (RAM) advances. In terms of deposits, Bank of Maharashtra reported a 14% rise, reaching ₹3.50 lakh crore for the reporting quarter, up from ₹3.07 lakh crore at the close of the fourth quarter of the last financial year.

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The bank's total business, including total credit and deposits, saw an 18% growth, increasing to ₹6.42 lakh crore from ₹5.46 lakh crore as of March 31, 2025. Additionally, the bank noted that its Current Accounts and Savings Accounts (CASA) ratio improved by 13%, amounting to ₹1.84 lakh crore compared to ₹1.63 lakh crore during the same period of the previous financial year.

In percentage terms, low-cost CASA deposits accounted for 53% of the overall deposits by the conclusion of the fourth quarter of FY26. The bank's share price rose 4.5% on Monday, April 6, after the announcement. Bank of Maharashtra's share price opened at ₹64.29 apiece on the BSE, touching an intraday high of ₹66.85 per share and an intraday low of ₹63.01 per share.

According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, the stock prices have been consolidating in the 61–67 range over the past few weeks, and the next directional move is likely only on a breakout from this band. A sustained move above 67 could revive the uptrend, potentially pushing prices towards the 73–75 levels. The overall undertone remains positive, with PSU Bank stocks finding support around the 200-day SMA.