What was filed
Bank of Maharashtra's board met on 10 July 2026 and approved the bank's unaudited standalone and consolidated results for the quarter ended 30 June 2026. The four joint statutory central auditors issued a limited review report with an unmodified opinion. The disclosure, made under SEBI's listing regulations, is accompanied by segment reporting, a security-cover certificate for the bank's listed debt, and a statement confirming no fresh debt or equity was raised during the quarter.
The quarter's numbers
Standalone net profit rose against the year-earlier quarter on higher total income and operating profit, per the filing. Asset quality held steady, with the gross NPA ratio unchanged from the March quarter and improved from a year earlier, and the net NPA ratio flat. The capital adequacy ratio under Basel III and the Government of India's shareholding are both set out in the filing, as is a provision coverage ratio of 98.55% including technical write-offs.
Provision reversal and other disclosures
By way of an emphasis of matter, the auditors drew attention to the reversal during the quarter of COVID-19-related contingency provisions, after which the bank continues to hold the remaining balance of such provisions. The filing describes this as a management reassessment rather than a change in core operations. The notes also disclose 47 fraud cases, an RBI penalty of ₹0.02 crore, and a book of projects under implementation totalling ₹10,304.61 crore at quarter-end. The bank said it raised no funds through debt or equity in the quarter and reported no deviation in the use of earlier issue proceeds.