Bank of Maharashtra

Bank of Maharashtra Performance

₹24.9
Day's Price Range
₹25.5
₹15
52-Week Price Range
₹36.25
1 Month Return-5.75 %
3 Month Return-17.86 %
1 Year Return37.82 %

Bank of Maharashtra Valuation

Bank of Maharashtra in the last 5 years

Lowest (-1.21x)

July 5, 2019

Today (7.83x)

March 20, 2023

Highest (34.33x)

February 25, 2021

LowHigh

7.83x

Price to Earnings TTM Ratio

Insights on Bank of Maharashtra

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Revenue Rich
    img

    Revenue is up for the last 3 quarters, 3.77KCr → 4.77KCr (in ₹), with an average increase of 11.0% per quarter

  • imgPOSITIVE IMPACT

    Best in 1 Year
    img

    In the last 1 year, MAHABANK has outperformed top 5 stocks with highest market-cap in Banks

  • imgPOSITIVE IMPACT

    MF Holding Up
    img

    Mutual Funds have increased holdings from 0.19% to 0.26% in Dec 2022 quarter

  • imgPOSITIVE IMPACT

    Price Rise
    img

    In the last 3 years, MAHABANK stock has moved up by 187.9%

  • imgPOSITIVE IMPACT

    Profit Spike
    img

    Netprofit is up for the last 10 quarters, 141.67Cr → 776.81Cr (in ₹), with an average increase of 16.9% per quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up
    img

    Retail Investor have increased holdings from 5.05% to 5.49% in Dec 2022 quarter

  • imgNO EFFECT

    Against Peers
    img

    In the last 3 years, ICICI Bank Ltd has given 202.9% return, outperforming this stock by 15.0%

  • imgNO EFFECT

    Promoter Holding Unchanged
    img

    Promoters holdings remained unchanged at 90.97% of holdings in Dec 2022 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down
    img

    Foreign Institutions have decreased holdings from 0.20% to 0.16% in Dec 2022 quarter

Bank of Maharashtra Shareholding Pattern

InvestorsHoldings %Prev. 4 periods3M change
Promoter Holdings
90.97%
0.00
Foreign Institutions
0.16%
-19.14
Mutual Funds
0.26%
36.18
Retail Investors
5.49%
8.69
Others
3.12%
-13.04

Bank of Maharashtra Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Corporate Announcements

  • Bank of Maharashtra Earnings Results

    Bank of Maharashtra’s net profit jumped 150.93% since last year same period to ₹776.81Cr in the Q3 2022-2023. On a quarterly growth basis, Bank of Maharashtra has generated 45.27% jump in its net profits since last 3-months.

    Read More
  • Bank of Maharashtra Dividends May,2022

    In the quarter ending June 2022, Bank of Maharashtra has declared dividend of ₹0.5 - translating a dividend yield of 2.01%.

    Read More

Bank of Maharashtra Company Information

Bank of Maharashtra is a Public Sector Bank PSB in Maharashtra which offers personal banking cash management retail loans and other financial services. Their services include deposits savings/current bank account vehicle loans personal loans retail trade finance global banking lending to priority sector and small scale sector foreign exchange and export finance corporate loans and equipment loans. The branch network includes specialized branches in the area of Foreign Exchange Government business Treasury and International Banking Industrial Finance MSME and Hitech Agriculture Pension Payment etc. The Bank has one subsidiary namely The Maharashtra Executor Trustee Company Pvt Ltd which undertakes management of public/ private trusts and administration/ execution of Will. They also sponsored three Regional Rural Banks namely Aurangabad Jalna Gramin Bank Thane Gramin Bank and Marathwada Gramin Bank with head office at Aurangabad Thane and Nanded respectively.Bank of Maharashtra was incorporated on September 16 1935 and started their business on February 8 1936. In April 10 1946 The Maharashtra Executor Trustee Company Pvt Ltd was incorporated as a wholly owned subsidiary of the Bank. In July 1969 Bank of Maharashtra was nationalized along with 13 other banks. After nationalization the Bank expanded rapidly. In the year 1998 the Bank attainted the autonomous status which helped the Bank in providing more and more services with simplified procedures without intervention of Government. In the year 2000 they incorporated Magic eMoney Ltd MeM a joint venture of Bank of Maharashtra Dena Bank NextStep Infotech P. Ltd. NSIPL and Magic Software Enterprises MSE Israel continued to undertake departmental projects.During the year 200304 the Bank came with their initial public offer of 10 crore shares of Rs 10/ each at a premium of Rs 13/ amounting to Rs 230 crore. The issue received overwhelming response and was over subscribed by more than 11 times. Also they opened 34 new branches and upgraded 10 extension counters into fullfledged branches during the year.During the year 200405 the Bank opened 14 new branches 2 extension counters and upgraded 1 extension counter into a fullfledged branch. Also they opened Holiday Home at Shirdi in addition to 5 existing Holiday Homes at different places. The Bank acquired a stake of 9 in Global Trade Finance Pvt Ltd a nonbanking finance company promoted by the EXIM Bank.In January 2006 the Bank signed a MoU with Life Insurance Corporation of India for distribution of their insurance products. Also they launched a scheme of money transfer service for Non Resident Indians and other foreign account customers using the Western Union Money Transfer Services provided by Western Union Financial Services Inc. For this regard the Bank has entered into agreement with Weizmann Forex Ltd the primary agent of Western Union Financial Services Inc. During the year 200607 the Bank opened 29 new branches and upgraded 16 extension counters into fullfledged branches. They expanded the ATM Network from 145 ATMs to 302 ATMs during the year and entered into collaboration with VISA for issuance of Debit cards. The Bank commissioned their own Data Center at Pune and Disaster Recovery DR site at Hyderabad. Also they established six IT Labs at Delhi Kolkata Chennai Hyderabad Bangalore and Lucknow in order to take care of the massive training requirement for the CBS project. The Bank launched new schemes like Mahalaxmi Term Deposit Scheme 3 years term deposit scheme Mahadeep Scheme Financing of Solar Water Heating System Insta Remit Scheme RTGS scheme for instant fund transfer etc during the year. In May 2006 they entered into tie up with United Insurance Company Ltd for distribution of their nonlife insurance products.During the year 200708 the Bank also launched two group insurance schemes namely Maha Suraksha Deposit Scheme for all types of deposit account holders and Maha Grih Suraksha for home loan borrowers. Also they entered into distribution agreement with 15 select Asset Management Companies during the year. They opened 20 new branches upgraded 10extension counters into fullfledged branches. They also opened 3 Currency Chests during the year. In March 2008 the two Regional Rural Banks namely Aurangabad Jalna Gramin Bank and Thane Gramin Bank were amalgamated into one unit in the name of Maharashtra Godavari Gramin Bank with head office at Aurangabad and having area of operation in nine districts of Maharashtra. As at March 31 2008 the total branch network comprised of 1375 branches and three extensions counters spread over 22 states and two union territories. During the financial year ended 31 March 2010 Bank of Maharashtra crossed the milestone business level of Rs 100000 crore. During the year the bank set up currency futures desk at its dealing room and started proprietary trading in MCXSX Exchange. StraightthroughProcessing STP of Merchant Transactions was implemented in all 28 designated Fex Centres during the year.During the year under review Bank of Maharashtra opened 33 new branches. The bank set up three retail credit hubs one each at Pune Mumbai and Delhi to facilitate robust and qualitative growth in retail credit with special focus on housing loans. Five Asset Recovery branches were also set up one each at Pune Mumbai Nagpur Kolkata and Aurangabad to provide greater thrust to the legal and administrative measures for recovery of NPAs.The year 20092010 was a landmark year in the chronicle of the bank as far as technology implementation and up scaling are concerned. The bank completed the process of networking of all the 1453 branches and bringing them under Centralized Solution on 2 February 2010 thereby achieving 100 Core Banking Solution CBS.During the year under review the Mobile Banking product Maha Mobile was launched offering services like balance enquiry view last three transactions cheque status enquiry request for cheque book / statement of accounts change MPIN and intra bank fund transfer up to Rs.50000 per day.During the financial year ended 31 March 2014 Bank of Maharashtra received equity share capital amounting to Rs. 800 crore including share premium of Rs. 622.38 crore from Government of India GOI through allotment of shares on preferential basis. With capital infusion the share holding of GOI in equity share capital increased to 85.21 as on 31 March 2014.During the year the bank opened 162 new branches the largest number of branches opened by the bank in a financial year since inception.The year 20132014 was a milestone year for the bank as far as technology implementation and up scaling is concerned. During the year bank expanded its ATM Network from 692 ATMs to 1827 ATMs covering nearly all the 1890 branches of the bank. The implementation of banks own ATM Switch commenced during the year and was implemented live from 8 May 2014. Bank of Maharashtra has its own Corporate Network MAHANET with all Branches Zonal Offices Training Colleges / Centers and Head Office interconnected and working under Core Banking Platform. Its robust secure Network Technology Architecture ensures seamless services to the customers. During the year 201314 the process of migration of the network to highly reliable Multi Protocol Label Switching MPLSVPN Virtual Private Network based architecture was completed.In July 2013 Bank of Maharashtra took a novel step by forming a new department by the name Department of Strategic Initiatives. The project is named Utkarsha and is a business transformation programme. The bank has engaged EY as consultants for the transformation. A team of 12 officers headed by an AGM is also formed to undertake this project. Time lines and the scope of work are defined and the expected time for the project completion is 18 months. The objective of Utkarsha is to draw a strategic roadmap and align banks operating model to emerge as a more competitive agile and efficient player. Project Utkarsha encompasses six core elements namely Branch Transformation Centralization and Business Process Reengineering Sales Enablement for retail and SME loans Alternate Channels Human Capital and Capital Efficiency.With a view to meet the credit requirement of its customers Bank of Maharashtra launched a new retail loan product Mahabank Gold Loan Scheme with effect from 26 September 2014. In January 2015 Bank of Maharashtra launched New Gen Mobile Banking Application Maha Mobile.During the financial year ended 31 Mach 2016 Bank of Maharashtra set up Central Processing Cells at all the 33 zones. The centralized processing is expected to improve quality of appraisal and reduce undue delays in credit delivery mechanism.In addition to GRAS Govt. Receipts Accounting System epayment of taxes through all its branches in the state of Maharashtra the bank introduced eSBTR electronic Secured Bank Treasury Receipts. In order to extend additional credit support to its standard housing loan borrowers Bank of Maharashtra launched Mahabank Top Up loan Scheme with effect from 26 February 2016. Under this scheme credit is extended for repair / renovation / furnishing of house childrens education Marriage of Children Medical treatment buying a vehicle or hitech gadgets etc.During the year under review Bank of Maharashtra issued 105150787 equity shares amounting to Rs 394 crore including share premium to Government of India GoI on preferential allotment basis. Consequent upon the capital raised during the year as above the share holding of GOI in equity share capital stood at 81.61.During the year Bank of Maharashtra opened 15 new branches. CBS Hardware Augmentation Project covering DC DR was undertaken successfully completed during the year to take care of increasing transactions load and to ensure smooth functioning of CBS system at field level. EGadgets implemented in a big way during the year with commissioning of Self Update Pass Book Printers Queue Management Solution Bunch Note Acceptor Machines at various locations across the bank.During the financial year ended 31 Mach 2017 Bank of Maharashtra introduced One Time Settlement OTS Schemes viz. Mahabank Rahat Yoiana for NPAs with Ledger Balance up to Rs.25.00 lakhs. During the year 201617 another special Suo Motu OTS Scheme Viz. Mahabank Karimukti Yoiana was introduced for recovery in Regular Written Off RWO a/cs up to Rs 25 lakhs.The bank added two new partners namely M/s Future Generali NonLife Insurance Company and M/s Cigna TTK Standalone Health Insurance Company under Bancassurance in the month of February 2017.During the March 2017 quarter Government of India vide its letter dated 16 March 2017 infused Rs 300.00 crore by way of preferential allotment of equity shares and the amount was maintained under Share application money pending for allotment till the allotment of equity shares done. However RBI has allowed treating share application money pending for allotment as CET1 capital for computation of CRAR.The bank successfully initiated/launched various Major IT Projects during 20162017. During the Year 201617 upgrade of Contact Center Operations including Integrated Voice Response System IVRS was successfully done system is made operational. The bank launched MahaUPI its UPI mobile application from 26 August 2016. The bank started the Paperless ATMRePIN facility Green PIN for ATM Card through its ATM Machines. During the year under review the bank launched New Internet Banking Portal for Retail Customers.Bank of Maharashtra was placed under Prompt Corrective Action PCA by RBI in June 2017 in view of its high net NPA. Bank therefore had prepared Monitorable Action Plan for FY 1718 to improve its position. During the year under review the bank introduced One Time Settlement OTS Schemes. Ghar Ghar Dastak Yojana GGDY was introduced for Small NPA borrowers up to Rs 10 lakhs. MahaMukti 201718 A and MahaMukti 201718 B schemes were introduced for NPAs having ledger balance above Rs 10 lakhs up to Rs 1 crore and ledger balance above Rs 1 crore up to Rs 25 crore respectively. The bank introduced a scheme for one time settlement of Specified NPA accounts under Chhatrapati Shivaji Maharaj Shetkari Sanman Yojana 2017 CSMSSY2017 for farmers in the State of Maharashtra as proposed by Government of Maharashtra. During FY 201718 the bank redeemed Basel II /Basel III Compliant Bonds for an amount of Rs 1925 crore by exercising call option. The bank undertook borrowing as part of its asset liability management.In 201718 the bank added two more partners in life insurance business i.e. M/s Aviva Life Insurance Company and M/s Reliance Nippon Life Insurance Company.The Government of India infused total additional capital of Rs 3173 crore Bank of Maharashtra in two tranches Rs 650 crore on 29 December 2017 and Rs 2523 crore on 27 March 2018.As part of its endeavor to curtail its operating expenses Bank of Maharashtra merged 51 branches during the year which were in close vicinity of each other ensuring that no discomfort was caused to the customers.The Year 20172018 was a Technology Upscaling year for the bank. CBS Contract has been renewed for a period of 5 years from 1 October 2017 to 30 September 2022 with revamped CBS Frontend and additional components viz. Automated Testing Batch Job Automation Online Training for staffs Revenue Leakage Monitoring etc. During the year under review the bank tied up with BSNL for upgrading the Bandwidth of the existing Leased Lines to 2 Mbps.During the FY 201819 Bank has redeemed Basel II /Basel III Compliant Bonds for an amount Rs 200 crore on the redemption date. Bank undertook borrowing as part of its asset liability management.Bank also entered into strategic tieups with Tractor Manufacturers Micro Irrigation Companies Farm Pond Construction Company for promoting farm mechanization micro irrigation activities and also with Govt. of Maharashtra under POCRA / SMART Project for financing to FPO during the year 201819. The Bank has entered into an Agreement for Credit Guarantee with Small Farmers AgriBusiness Consortium SFAC for financing to Farmer Producer Organizations FPOs.During the FY2020 Banks Total Business stood at Rs 244955 crore as against Rs 234117 crore in 2019 showing an annual growth of 4.63. The Banks Total deposits stood at Rs 150066 crore as compared to Rs 140650 crore in the previous year showing an annual growth of 6.69. Gross advances of the Bank stood at Rs 94889 crore as on 31.03.2020 in comparison to Rs 93467 crore as on 31.03.2019.The Bank has allotted 2970937912 Equity Shares of Rs 10 each of Bank to Government of India at issue price of Rs 15.14 per share on 29 April 2019 against a capital infusion of Rs 4498 crore. The Government of India infused Equity capital of Rs 831 crore in Bank on 20 April 2020. The said money is kept in the Share application money pending allotment A/c till allotment formalities are completed. With the approval of RBI said capital is used for computation of CET1 Ratio as on 31.03.2020. Further the Bank also raised Tier II capital of Rs 600 crore by issue of BASEL III Tier II Bonds with coupon rate of 8.70 in March 2020.As on 31 March 2020 the bank had a distribution network of 1833 branches and 1851 ATMs spread across all the States and four union territories.As on 31 March 2021 the bank had a distribution network of 1964 branches and 1950 ATMs spread across all the States and six union territories. During the year ended 31 March 2021 the Bank opened 86 new branches and set its footprint in 69 additional districts. It also opened 46 fixed point outlets served by Bank Mitras named as Customer Service Points CSP. It installed 499 CRMs..During the FY 2021 Banks Total Business stood at Rs 281659 crore as against Rs 244955 crore in 2020 showing an annual growth of 14.98. The Banks Total deposits stood at Rs 174006 crore as compared to Rs 150066 crore in the previous year showing an annual growth of 15.95. Gross advances of the Bank stood at Rs 107654 crore as on 31.03.2021 in comparison to Rs 94889 crore as on 31.03.2020.During the year 2021 Bank has allotted 736049601 equity shares of Rs. 10/ each of Bank to Government of India at issue price of Rs. 11.29 per equity share on 25th August 2020 against the capital infusion of Rs. 831 crore. It also raised Tier II capital of Rs. 505.70 crore in financial year 202021. As on 31 March 2022 the bank had a distribution network of 2022 branches and 2128 ATMs spread across all the States and six union territories. It opened 108 new branches and set its footprint in 73 additional districts. It installed 91 ATMs and 87 CRMs.During the year ended 31 March 2022 the Bank opened 108 new branches and set its footprint in 73 additional districts. It also opened 50 fixed point outlets served by Bank Mitras named as Customer Service Point CSP. During FY 202122 Bank has tied up with many state governments viz Maharashtra Madhya Pradesh Bihar Jharkhand Goa as empaneled Agency Bank for Single Nodal Agency Account and other related banking facilities. Bank has also tied up with many Govt Corporations in enabling technology platforms to them for handling their customer transactions which extended transparency and convenience to the public at large. It sanctioned fresh loans of Rs. 6372 Crore for Agriculture and allied activities during FY 202122.During the FY 2022 Banks Total Business stood at Rs 337534 crore as against Rs 281659 crore in 2021 showing an annual growth of 19.84.. The Banks Total deposits stood at Rs 202294 crore as compared to Rs 174006 crore in the previous year showing an annual growth of 16.26. Gross advances of the Bank stood at Rs 135240 crore as on 31.03.2022 in comparison to Rs 107654 crore as on 31.03.2021. Total MSME advances of the bank stood at Rs. 26279.08 crore as on 31 March 2022.

Bank of Maharashtra Share Price: ₹25.05 per share as on 22 Mar, 2023 04:01 PM
Bank of Maharashtra Market Capitalisation: ₹19,383.83Cr as of today
Bank of Maharashtra Revenue: ₹4,770.11Cr as on December 2022 (Q4 22)
Bank of Maharashtra Net Profit: ₹776.81Cr as on December 2022 (Q4 22)
Bank of Maharashtra Listing date: 04 Dec, 2004
OrganisationBank of Maharashtra
HeadquartersPune
IndustryBanks
E-voting on sharesClick here to vote

Frequently Asked Questions

Bank of Maharashtra(MAHABANK) share price today is ₹25.05 (last updated 22 Mar, 2023 at 04:01 PM)

  • Today’s highest price of Bank of Maharashtra(MAHABANK) is ₹25.50.
  • Today’s lowest price of Bank of Maharashtra(MAHABANK) is ₹24.90.
  • (last updated 22 Mar, 2023 at 04:01 PM)
Today’s traded volume of Bank of Maharashtra(MAHABANK) is 8182893.
Today’s market capitalisation of Bank of Maharashtra(MAHABANK) is ₹19,383.83Cr.
Bank of Maharashtra(MAHABANK)Price
52 Week High₹36.25
52 Week Low₹15.00
  • (last updated 22 Mar, 2023 at 04:01 PM)
  • Bank of Maharashtra(MAHABANK) share price is ₹25.05 (last updated 22 Mar, 2023 at 04:01 PM). It is down -30.90% from its 52 Week High price of ₹36.25
    Bank of Maharashtra(MAHABANK) share price is ₹25.05 (last updated 22 Mar, 2023 at 04:01 PM). It is up 67.00% from its 52 Week Low price of ₹15.00
    Bank of Maharashtra(MAHABANK)Returns (%)
    1 Day Returns0.60%
    1 Month Returns-5.75%
    1 Year Returns37.82%
    3 Year Returns182.76%
    5 Year Returns70.83%
    Bank of Maharashtra(MAHABANK) share price is ₹25.05 and its price to earning (PE) is 7.83. A high PE ratio indicates that a share price is overvalued, or investors are expecting a high growth rate in the future.

    Indian stocks brokerage services are provided by INDmoney Private Limited. INDmoney Private Limited is carrying out the business of in respect to stock broking activities and also carries out the activities of depository participant. SEBI Registration No. INZ000305337 | SEBI Depository Participant Registration No. IN-DP-690-2022 Depository Participant ID: CDSL 12095500 | Trading and Clearing Member of NSE (90267, M70042) and BSE (6779)

    Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. The securities quoted are exemplary and not recommendatory. Past performance is not indicative of future returns.