Bank of Maharashtra

Banks - Public Sector

NSE: MAHABANK Mid Cap ISIN: INE457A01014
As on 06 November 2024 at 09:24
As on 06 November 2024 at 09:24
55.47
-0.18
(-0.32%)
Over 1 Month
-0.34%
Over 6 Months
-16.69%
Over 1 Year
28.67%
Over 3 Years
160.05%
Summary
Close 55.47
Open 55.80
High 55.99
Low 55.27
Volume 15,86,121
Net Turnover 1,06,99,50,080.64
52 Week High 73.50
52 Week Low 42.75
52Wk High / Low
42.75
73.50
Key Financial Data
Market Cap (in ₹ Cr) 42,803.50
EPS 6.34
Book Value (BV) 32.17
Div. Yield 2.32
P/E 8.78
Price/Book Value 1.73
Delivery % 25.06
Face Value 10
Key Ratios
P/E ratio 10.87
P/B ratio 2.42
EV to Sales 14.26
PEG Ratio 0.23
ROA 1.50
ROE 25.06
Debt-Equity 16.17
Net Profit Margin 17.26
Operating Profit Margin -

Peer Comparison

Company LTP Market Cap (in ₹ Cr)
Bank of Maharashtra ₹55.64 ₹42,795.81
HDFC Bank Ltd ₹1,757.95 ₹13,43,352.88
ICICI Bank Ltd ₹1,295.90 ₹9,14,193.24
State Bank of India ₹849.20 ₹7,57,878.73
Axis Bank Ltd ₹1,171.15 ₹3,62,336.94
Kotak Mahindra Bank Ltd ₹1,756 ₹3,49,121.62

News

Bank of Maharashtra spurts 1.58%, up for third straight session

Bank of Maharashtra is quoting at Rs 52.84, up 1.58% on the day as on 12:49 IST on the NSE. The stock is up 26.56% in last one year as compared to a 28.12% gain in NIFTY and a 37.6% gain in the Nifty PSU Bank index.

30 Oct 2024

Bank of Maharashtra revises MCLRs

With effect from 19 October 2024

19 Oct 2024

Bank of Maharashtra PAT rises 44% YoY to Rs 1,326 cr in Q2 FY25

Bank of Maharashtra reported standalone net profit of Rs 1,326.77 crore in Q2 FY25, registering a growth of 44.24% as against Rs 919.78 crore posted in Q2 FY24.

15 Oct 2024

Bank of Maharashtra announces board meeting date

On 15 October 2024

11 Oct 2024

Bank of Maharashtra Q2 gross advances climb 19% YoY

The public sector bank said that its gross advances jumped 18.73% to Rs 2,17,426 crore as of 30 September 2024 as against Rs 1,83,122 crore as of 30 September 2023.

10 Oct 2024

Financials

Profit and Loss

Particulars (in ₹ Cr.) FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Total Revenue 23,492.55 18,178.73 15,671.70 14,496.21 13,144.67
Total Expenses 19,133.09 14,733.84 13,711.28 13,542.08 13,405.09
Profit Before Tax 4,359.47 3,444.89 1,960.42 954.13 -260.42
Profit After Tax 4,055.03 2,602.04 1,151.54 550.25 388.58
Operating Profit after Depreciation 4,359.47 3,444.89 1,960.42 954.13 -260.42

Balance Sheet

Particulars (in ₹ Cr.) FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Fixed Assets 2,199.90 2,149.20 2,036.43 1,621.99 1,604.42
TOTAL ASSETS 3,07,137.86 2,67,651.39 2,30,611.37 1,96,665.01 1,68,867.18
Total Shareholder's Fund 19,673.90 15,610.26 13,884.87 12,133.18 10,755.28

Cash Flow

Particulars (in ₹ Cr.) FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Net Cash from Operating Activities 11,596.79 -1,437.75 6,898.13 2,466.89 702.88
Net Cash used in Investing Activities -275.48 -177.24 -301.97 -188.83 -109.24
Net Cash used in Financing Activities 461.44 227.93 378.08 216.70 698.43

Corporate Actions

Bank of Maharashtra

₹1.4/Share

Announcement Date 10 May 2024
Record Date 10 May 2024
Div Yield 14%

About Bank of Maharashtra

Bank of Maharashtra is a public sector bank in India. It offers a wide range of banking and financial services. These include loans, deposits, and digital banking. It also includes cards, investments, and various government schemes. The bank is catering to diverse customer needs.

The bank operates in the banking and financial services sector. Established in 1935, it has been serving customers for many decades. Such years of experience demonstrate a long-standing presence in the industry. Bank of Maharashtra’s headquarters is located in Pune, Maharashtra, India. The location positioned it strategically in one of India’s major financial hubs. The primary promoter of the Bank of Maharashtra is the Government of India, at 86.46%. It ensures strong backing and stability for the bank.

Bank of Maharashtra offers a variety of products. It provides home loans, car loans, MSME loans, gold loans, etc. It also provides savings accounts, fixed deposits, and recurring deposits. The bank also offers digital banking: Internet banking and mobile banking. It also offers debit cards and credit cards. Bank of Maharashtra also deals in investments like mutual funds and insurance. There are also Government Schemes provided. Various schemes for agriculture, MSMEs, and other sectors are offered.

The registered office is at Lokmangal, 1501, Shivajinagar, Pune - 411005, Maharashtra, India. The bank is managed by a Board of Directors, with key positions held by senior officials appointed by the Government of India.
Here are the prime managing promoters of the bank:
  • Nidhu Saxena
  • Rohit Rishi
  • Asheesh Pandey
  • Rakesh Kumar
  • Shashank Shrivastava

While not the largest player in its sector, the Bank of Maharashtra has a significant presence, especially in Maharashtra. It boasts the largest network of branches among nationalized banks in the state. This extensive network underscores its commitment to serving the local population.

History of Bank

Bank of Maharashtra has been a cornerstone of the country’s banking and financial services sector since its establishment in 1935. It has a rich history spanning nearly many decades. The bank has contributed to the economic development and financial inclusion of millions of Indians.

Economic Contributions 
The Bank of Maharashtra has played a pivotal role in India’s economic development, particularly in Maharashtra. It provides a wide range of financial products and services. The bank has facilitated the growth of small and medium enterprises (SMEs), agriculture, and other critical sectors. Its extensive network of branches has ensured that financial services are accessible to a broader folk.

The bank’s loan products include home, car, and MSME loans. They have empowered individuals and businesses to achieve their financial goals. It offers competitive interest rates and flexible repayment options. Bank of Maharashtra has made it easier for customers to secure the funding they need for various purposes. This, in turn, has stimulated economic activity and contributed to job creation and income generation.

Financial Inclusion and Literacy 
One of the most significant impacts of the Bank of Maharashtra is its commitment to financial inclusion. The bank has been at the forefront of implementing government schemes. It is bringing the unbanked population into the formal banking system. Initiatives such as the Pradhan Mantri Jan Dhan Yojana (PMJDY) have helped millions of people. They can open bank accounts, access credit, and benefit from various financial services.

Digital Transformation 
The Bank of Maharashtra has recently embraced digital transformation. This is to enhance customer experience and operational efficiency. The bank’s digital banking services include internet banking, mobile banking, and digital wallets. These have made banking more convenient and accessible for customers. These services allow customers to perform a wide range of transactions from the comfort of their homes. It is reducing the need for physical visits to bank branches.

The bank’s investment in technology has also improved its internal processes. It is enabling faster and more efficient service delivery. They are leveraging advanced analytics and artificial intelligence. Bank of Maharashtra can better understand customer needs and offer personalized solutions. This focus on digital innovation positions the bank as a forward-thinking institution. It is well-equipped to meet the evolving demands of the modern banking landscape.

Corporate Social Responsibility
Bank of Maharashtra is deeply committed to CSR. It actively participates in various initiatives aimed at improving the lives of the communities it serves. The bank’s CSR activities encompass a wide range of areas. This includes education, healthcare, environmental sustainability, and rural development.

Through its CSR programs, the Bank of Maharashtra supports educational institutions. It provides scholarships to deserving students. The bank contributes to the development of infrastructure in rural areas. The bank also undertakes initiatives to promote environmental sustainability. This includes tree plantation drives and awareness campaigns on energy conservation.

Bank of Maharashtra’s impact extends far beyond its financial services. As a key player in India’s banking sector, the bank has significantly contributed to economic development. It has invested in financial inclusion and digital transformation. Its duty to corporate social responsibility highlights its belief in the well-being of the public it serves. It has a strong foundation and a forward-looking approach. Bank of Maharashtra continues to play a vital role in shaping the future of banking in India.

FAQ’s

What is the share price of Bank of Maharashtra today?
Bank of Maharashtra share price as on 6 Nov 2024 is ₹55.47
What is the Market Cap of Bank of Maharashtra?
The market cap of Bank of Maharashtra stock is ₹42,803.50 Cr.
What is the PE Ratio of Bank of Maharashtra?
The Price to Earnings (P/E) Ratio of Bank of Maharashtra is 10.87
What is the PB Ratio of Bank of Maharashtra?
The Price to Book (P/B) Ratio of Bank of Maharashtra is 2.42
What is the 52 week high of Bank of Maharashtra?
The 52 week high of Bank of Maharashtra is ₹73.50
What is the 52 week low of Bank of Maharashtra?
The 52 week low of Bank of Maharashtra is ₹42.75

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