Bank of Maharashtra delivered a strong and balanced performance in the third quarter, reflecting steady earnings growth, healthy expansion in core income, and continued improvement in asset quality. The public sector lender reported robust year-on-year growth in profitability, supported by higher net interest income and tighter control over stressed assets.

For the quarter under review, Bank of Maharashtra posted a net profit of ₹1,779 crore, marking a solid growth of 26.5% compared to ₹1,406 crore reported in the corresponding quarter last year.

Net Interest Income (NII), a key indicator of a bank’s core performance, increased by 16.3% year-on-year to ₹3,422 crore from ₹2,944 crore. The growth in NII highlights improved interest earnings and a stable margin profile amid a competitive banking environment.

On the asset quality front, the bank continued its gradual improvement trend. Gross Non-Performing Assets (GNPA) stood at 1.60% as of the end of the quarter, improving from 1.72% in the previous quarter. Net Non-Performing Assets (NNPA) also declined sequentially to 0.15% from 0.18%.

In absolute terms, gross NPAs were reported at ₹4,388 crore compared to ₹4,372 crore on a quarter-on-quarter basis, while net NPAs declined to ₹413 crore from ₹442 crore.