INTEGRATED FILING — BANKING



General information about company

Scrip code 532525
NSE Symbol MAHABANK
MSEI Symbol NOTLISTED
ISIN INE457A01014
Name of bank Bank of Maharashtra
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 25-Apr-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 19-Apr-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 25-Apr-2025   10:30:00
End date and time of board meeting 25-Apr-2025   15:05:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Direct
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public Yes
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. Yes
(III) Whether the company is a high value debt listed entity according to regulation 15 (1A)? Yes
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2024-09-26
Indicate Company website link for updated RPT policy of the Company https://bankofmaharashtra.in/policies
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
The Bank has not defaulted on any loans and debt securities during the financial year ended March 31, 2025


Financial Results - Banking
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
1 Interest earned
Interest or discount on advances or bills 52331700000 192915100000
Income on investments 13798500000 53604300000
Interest on balances with reserve bank of India and other inter bank funds 650100000 2026300000
Others 527500000 928800000
Total interest earned 67307800000 249474500000
2 Other income 9806600000 34541700000
3 Total income 77114400000 284016200000
Expenses
4 Interest expenses 36143500000 132818800000
5 Operating expenses
(i) Employees cost 8809700000 34422300000
(ii) Details of other operating expenses
Description of other operating expenses
1 Other operating expenses 6963800000 23584800000
Total other operating Expenses 6963800000 23584800000
Total Operating Expenses 15773500000 58007100000
6 Total expenditure excluding provisions and contingencies 51917000000 190825900000
7 Operating profit before provision and contingencies 25197400000 93190300000
8 Provisions other than tax and contingencies 9832500000 35965500000
9 Exceptional items 0 0
10 Total profit (loss) from ordinary activities before tax 15364900000 57224800000
11 Provision for Tax 434100000 2026900000
12 Net profit (loss) from ordinary activities after tax 14930800000 55197900000
13 Extraordinary items net of tax expenses 0 0
14 Net profit (loss) for the period 14930800000 55197900000
15 Share of profit (loss) of associates
16 Profit (loss) of minority interest
17 Net Profit (loss) after taxes minority interest and share of profit (loss) of associates 14930800000 55197900000
18 Details of equity share capital [Abstract]
Paid-up equity share capital 76915500000 76915500000
Face value of equity share capital 10 10
19 Reserve excluding revaluation reserves (as per balance sheet of previous accounting year) 0
20 Analytical ratios
(i) Percentage of share held by government of India 79.6 79.6
(ii) Capital adequacy ratio
CET 1 ratio 15.83 15.83
Additional Tier 1 ratio 1.03 1.03
(iii) (a) Earnings per share before extraordinary items
Basic earnings per share before extraordinary items 1.94 7.48
Diluted earnings per share before extraordinary items 1.94 7.48
(iii) (b) Earnings per share after extraordinary items
Basic earnings per share after extraordinary items 1.94 7.48
Diluted earnings per share after extraordinary items 1.94 7.48
(iv) NPA Ratios
Amount of gross non-performing assets 41845200000 41845200000
Amount of net non-performing assets 4317800000 4317800000
% of gross NPAs 1.74 1.74
% of net NPAs 0.18 0.18
Return on assets 1.78 1.78
21 Disclosure of notes on financial results by banks


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
1 Capital and liabilities
Capital 76915600000
Reserves and surplus 207977100000
Deposits 3071426000000
Borrowings 238525100000
Other liabilities and provisions 96577700000
Total Capital Liabilities 3691421500000
2 ASSETS
Cash and Balances with Reserve Bank of India 379929900000
Balances with Banks and money at call and short notice 42018700000
Investments 820047900000
Advances 2360838000000
Fixed Assets 29155900000
Other Assets 59431100000
Total Assets 3691421500000
Disclosure of notes on assets and liabilities


Text Block
Textual Information(1)


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Treasury Operations 15420200000 58778900000
2 Corporate/Wholesale banking operations 26582800000 98033000000
3 Retail Banking Operations 33920500000 124721800000
4 Other Banking Operations 1190900000 2482500000
5 Unallocated 0 0
6 Capital & Reserve & Surplus 0 0
Total Segment Revenue 77114400000 284016200000
Less: Inter segment revenue
Income from operations 77114400000 284016200000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Treasury Operations 3604600000 13562900000
2 Corporate/Wholesale banking operations 8109600000 27080000000
3 Retail Banking Operations 3374600000 15975500000
4 Other Banking Operations 276100000 606400000
5 Unallocated 0 0
6 Capital & Reserve & Surplus 0 0
Total Profit before tax 15364900000 57224800000
i. Finance cost 0 0
ii. Other Unallocable Expenditure net off Unallocable income 0 0
Profit before tax 15364900000 57224800000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Treasury Operations 1120370600000 1120370600000
2 Corporate/Wholesale banking operations 1263076000000 1263076000000
3 Retail Banking Operations 1138034100000 1138034100000
4 Other Banking Operations 145994200000 145994200000
5 Unallocated 23946700000 23946700000
6 Capital & Reserve & Surplus 0 0
Total Segment Assets 3691421600000 3691421600000
Un-allocable Assets 0 0
Net Segment Assets 3691421600000 3691421600000
4 Segment Liabilities
Segment Liabilities
1 Treasury Operations 1106791100000 1106791100000
2 Corporate/Wholesale banking operations 1145542400000 1145542400000
3 Retail Banking Operations 1027440200000 1027440200000
4 Other Banking Operations 115217900000 115217900000
5 Unallocated 11537300000 11537300000
6 Capital & Reserve & Surplus 284892700000 284892700000
Total Segment Liabilities 3691421600000 3691421600000
Un-allocable Liabilities 0 0
Net Segment Liabilities 3691421600000 3691421600000
Disclosure of notes on segments


Cash Flow Statement,Direct
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
1 Statement of cash flows
2 Cash flows from used in operating activities
Classes of cash receipts from operating activities
Receipts from sales of goods and rendering of services 249474517000
Receipts from royalties fees, commissions and other revenue 0
Receipts from future contracts, forward contracts, options contracts and swap contracts held for dealing or trading purpose 0
Receipts from premiums and claims annuities and other policy benefits 0
Other cash receipts from operating activities 34541731000
3 Classes of cash payments
Payments to suppliers for goods and services 132818809000
Payments to future contracts, forward contracts, options contracts and swap contracts held for dealing or trading purpose 0
Payments to and on behalf of employees 0
Payments for premiums and claims, annuities and other policy benefits 0
Other cash payments from operating activities 58007149000
Net cash flows from (used in) operations 93190290000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash -16703091000
Net cash flows from (used in) operating activities before extraordinary items 76487199000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) operating activities 76487199000
4 Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of tangible assets 35533000
Purchase of tangible assets 5193721000
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Proceeds from government grants 0
Net cash flows from (used in) investing activities before extraordinary items -5158188000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) investing activities -5158188000
5 Cash flows from used in financing activities
Proceeds from issuing shares 35000000000
Proceeds from issuing other equity instruments 0
Proceeds from issuing debentures notes bonds etc 28230000000
Proceeds from borrowings 0
Repayments of borrowings 0
Dividends paid 9913923000
Interest paid 5813025000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities before extraordinary items 47503052000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) financing activities 47503052000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 118832063000
6 Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 118832063000
Cash and cash equivalents cash flow statement at beginning of period 303116616000
Cash and cash equivalents cash flow statement at end of period 421948679000




Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M/S G D APTE & CO. Yes 29-Feb-2028
2 M/S SUNDARAM & SRINIVASAN Yes 30-Sep-2027
3 M/S KIRTANE & PANDIT LLP Yes 31-Dec-2025
4 M/s Manubhai & Shah LLP Yes 29-Feb-2028


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income
2 Total Expenditure
3 Net Profit/(Loss)
4 Earnings Per Share
5 Total Assets
6 Total Liabilities
7 Net Worth

Any other financial item(s) (as felt appropriate by the management)



Signatories details

Name of CEO / Managing director
Name of CFO
Name of audit committee chairman
Name of statutory auditor
Name of other signatory, if any, with designation
Place
Date


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)
Mode of Fund Raising Others
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 18-Feb-2025
Amount Raised 16120000000
Report filed for Quarter ended 31-Mar-2025
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review
Comments of the auditors, if any
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any


Signatory Details
Name of signatory V.P. Srivastava
Designation of person Chief Financial Officer
Place Pune
Date 25-Apr-2025




Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity /subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Bank of Maharashtra Shri Nidhu Saxena Managing Director & CEO Remuneration NA 2015000 0 0
2 Bank of Maharashtra Shri Asheesh Pandey Executive Director Remuneration NA 4496000 0 0
3 Bank of Maharashtra Shri Rohit Rishi Executive Director Remuneration NA 2680000 0 0
4 Bank of Maharashtra Shri V.P. Srivastava CFO Remuneration NA 2155000 0 0
5 Bank of Maharashtra Gramin Mahila Va Balak Vikas Mandal Trust Sponsored by Bank Interest paid NA 583000 0 0
6 Bank of Maharashtra Gramin Mahila Va Balak Vikas Mandal Trust Sponsored by Bank Any other transaction Incentive paid by Bank NA 705000 0 0
7 Bank of Maharashtra Mahabank Agricultural Research and RuralnDevelopment Foundation Trust Sponsored by Bank Interest paid NA 5704000 0 0
8 Bank of Maharashtra Bank of Maharashtra Employees Provident Fund Trust Sponsored by Bank Interest paid NA 12700000 0 0
9 Bank of Maharashtra Bank of Maharashtra Employees PL Encashment Fund Trust Sponsored by Bank Interest paid NA 400000 0 0
10 Bank of Maharashtra Bank of Maharashtra Employees Pension Fund Trust Sponsored by Bank Interest paid NA 18100000 0 0
11 Bank of Maharashtra Bank of Maharashtra Gratuity Fund Trust Sponsored by Bank Interest paid NA 800000 0 0
12 Bank of Maharashtra The Maharashtra Executor and Trustee Co. Pvt. Ltd Subsidiary Interest paid NA 6887000 0 0
13 Bank of Maharashtra The Maharashtra Executor and Trustee Co. Pvt. Ltd Subsidiary Any other transaction Reimbursement of Salaries and allowances NA 3804000 0 0
14 Bank of Maharashtra The Maharashtra Executor and Trustee Co. Pvt. Ltd Subsidiary Any other transaction Rent received by Bank NA 635000 0 0
Total value of transaction during the reporting period 61664000





Format for Disclosing Outstanding Default on Loans and Debt Securities
Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date
B Of the total amount outstanding, amount of default as on date
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date
B Of the total amount outstanding, amount of default as on date
3. Total financial indebtedness of the listed entity including short-term and long-term debt