Bank of Maharashtra Reports 26.5% Profit Growth, Declares Interim Dividend for Q3 FY26

Bank of Maharashtra reported a 26.5% year-on-year rise in net profit to around Rs 1,779 crore for Q3 FY26, driven by a 16% increase in net interest income to Rs 3,422 crore and strong loan growth of about 20%. The bank improved asset quality, with gross NPAs falling to 1.6% and net NPAs to 0.15%. It declared a 10% interim dividend and maintained a CASA ratio near 50%, exceeding industry averages. The bank also expanded lending from its GIFT City unit, targeting Rs 10,000 crore in overseas business within a year.