Bank of Maharashtra has announced plans to raise up to ₹7,500 crore through various routes including Qualified Institutional Placement (QIP), Follow-on Public Offer (FPO), preferential allotment or rights issue, subject to necessary approvals.
The capital raise, approved by the board, may also include issuance of Basel III Tier I or Tier II bonds, aimed at strengthening the bank’s capital base and supporting future growth.
Additionally, the bank plans to issue long-term infrastructure bonds worth ₹10,000 crore during FY27 in multiple tranches, along with raising up to $500 million through foreign currency bonds, further enhancing its funding profile.
Q4FY26 results snapshot
The bank reported a strong performance for the quarter ended March 31, 2026:
- Net profit: ₹2,014.1 crore, up 34.9% YoY
- Net Interest Income (NII): ₹3,702.5 crore, up ~18.8% YoY
On the asset quality front, performance improved sequentially:
- Gross NPA: 1.45% vs 1.60% QoQ
- Net NPA: 0.13% vs 0.15% QoQ
The bank also reported healthy operating performance, with operating profit rising during the quarter, supported by steady growth in core income.
Dividend announcement
The board has recommended a final dividend of ₹1.20 per equity share (12%) for FY26, in addition to an interim dividend of ₹1 declared earlier during the year.