Bank of Maharashtra reports 27% advance growth in Q1 FY27
after close1 source ↓written by the desknot a recommendation
- in advances
- 27% surge
- surpassing
- 18% guidance
- business grew
- 19% YoY
- cost-to-income ratio below
- 40%
Bank of Maharashtra reported a 27% surge in advances for Q1 FY27, surpassing its 18% guidance. Total business grew by 19% YoY, driven by strong performances in retail (+25%) and agriculture (+30%). The bank aims for a cost-to-income ratio below 40%, reflecting improved operational efficiency.
• Total Advances: ₹1.88 L Crore
• Corporate Lending: +30%
• MSME Segment: +23%
This robust growth positions the bank favorably among Public Sector Banks (PSBs).
Not investment advice. For informational purposes only.