Bank of Maharashtra Rises as Deposits Surge 13% YoY in Q4FY25
Mumbai, India Shares of Bank of Maharashtra edged higher on Tuesday following the release of strong quarterly financial data. The state-run lender reported a 13.45% year-on-year growth in total deposits, reaching โน3,07,152 crore for the quarter ended March 31, 2025 (Q4FY25), compared to โน2,70,747 crore in Q4FY24.
The bankโs scrip was trading at โน44.22, up 1.38% or โน0.60 from the previous close on the Bombay Stock Exchange (BSE). It opened the day at โน44.94 and touched an intraday high of โน45.75.
Strong Growth in Deposits and Advances
According to the provisional figures, term deposits stood at โน2,79,007 crore as of December 31, 2024, and witnessed a steady increase by March-end. The Current Account and Savings Account (CASA) deposits grew 14.64% YoY to โน1,63,669 crore in Q4FY25, up from โน1,42,774 crore in the same quarter last year. CASA share improved to 53.29%, compared to 52.73% a year earlier.
On the lending front, gross advances surged by 17.84% year-on-year to โน2,40,007 crore, up from โน2,03,664 crore. The bank also improved sequentially, with advances rising from โน2,28,642 crore in Q3FY25.
Market Movement and Stock Performance
The stock has had a volatile week, trading between โน47.92 and โน38.11 over the past seven days. It touched a 52-week high of โน73.50 on June 3, 2024, and a 52-week low of โน38.11 on April 7, 2025. With a market capitalization of โน34,550.46 crore, Bank of Maharashtra remains a prominent mid-cap stock in the banking sector.
Promoter holding in the bank remains high at 79.60%, while institutional and retail investors hold 12.41% and 7.99%, respectively.
A Diversified Banking Portfolio
Bank of Maharashtra continues to offer a diverse portfolio of retail banking products including savings and term deposits, personal and educational loans, credit cards, and demat services. The bank also serves agriculture and SME sectors, further strengthening its reach across Indiaโs rural and semi-urban economy.
