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Bank of Maharashtra reported mixed provisional business numbers for Q1FY27

ICICIdirect Research 07 Jul 2026 DISCLAIMER

News: Bank of Maharashtra reported mixed provisional business numbers for Q1FY27, with global advances rising to Rs3.06 lakh crore, up 27% YoY (4.8% QoQ), driven by healthy growth across RAM advances, which stood at Rs1.87 lakh crore, up 25% YoY (4.1% QoQ), and domestic corporate advances, which increased to Rs1.11 lakh crore, up 21% YoY (4.5% QoQ). However, total deposits stood at Rs3.44 lakh crore, up 13% YoY (-1.9% QoQ), while the CASA ratio moderated to 49% (vs 52.5% in Q4FY26)

View: Credit growth remained robust across key lending segments, but weaker liability mobilisation, especially moderation in CASA deposits, could exert pressure on margins in the near term. The wide divergence between credit and deposit growth is also expected to push the CD ratio higher.

Impact: Neutral

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