Bank of Maharashtra Share Price

    NSE
    55.91
    -0.71 (1.80%)
    MAHABANK • 11 Jul, 2025 | 11:23 AM
    BUY

    1Y Annualised Return

    -10.75%

    3Y Annualised Return

    51.66%

    5Y Annualised Return

    38.20%

    The current prices are delayed, login or Open Demat Account for live prices.

    Bank of Maharashtra Stock Performance

    1W Return-2.70
    1Y Return-11.82
    Today's Low55.86
    Prev. Close56.62
    Mkt Cap (Cr.)43,549.58
    1M Return-0.04
    3Y Return246.38
    52-Week High70.8
    Open56.60
    PE Ratio7.89
    6M Return14.75
    Today's High56.77
    52-Week Low42
    Face Value10

    Bank of Maharashtra Company background

    Founded in: 1935
    Managing director: Nidhu Saxena

    Bank of Maharashtra is a leading public sector bank based in Maharashtra. Envisioned to serve the banking needs of the public, the bank offers a wide range of financial services, including personal banking, retail loans, cash management, and corporate banking. The bank has successfully carved out a niche for itself by providing a host of banking solutions that include deposits, savings accounts, vehicle loans, personal loans, retail trade finance, foreign exchange, export finance, lending to the priority sector, etc. It has also diversified into areas such as foreign exchange, government business, treasury, MSME finance, industrial finance, hi-tech agriculture, etc.

    Bank of Maharashtra is also famous for its subsidiary, The Maharashtra Executor Trustee Company Pvt Ltd, which administers public and private trusts and acts as an executor of wills. In addition, the bank sponsors three Regional Rural Banks: Aurangabad Jalna Gramin Bank, Thane Gramin Bank, and Marathwada Gramin Bank, with rural outreach in areas like Aurangabad, Thane, and Nanded.

    History and Evolution

    Incorporated on September 16, 1935, Bank of Maharashtra commenced operations on February 8, 1936. By April 10, 1946, it set up its wholly owned subsidiary, The Maharashtra Executor Trustee Company Pvt Ltd. The bank was nationalized in July 1969 alongside 13 other banks, leading to rapid growth in subsequent years. Getting autonomous status in 1998 assisted the bank in cutting down cumbersome services and lessening complexities for its customers.

    In 2004, the bank took a major leap by issuing its initial public offering, which was oversubscribed by over 11 times, raising Rs 230 crore. This robust response indicated the faith investors had in Bank of Maharashtra. The bank grew its network by opening new branches and converting extension counters into full-fledged branches over the years.

    Technological Advancements

    Bank of Maharashtra has consistently embraced technology to enhance customer experience. In 2003, the bank expanded its ATM network and entered into collaborations with Visa for debit card issuance. In 2006, it commissioned its own data center in Pune and a disaster recovery site in Hyderabad. By 2010, the bank had achieved 100% Core Banking Solution (CBS) implementation across its branches.

    In subsequent years, the bank launched mobile banking services, internet banking portals, and products like MahaUPI to cater to tech-savvy customers. The introduction of paperless ATM PIN facilities and the upgradation of its ATM network signaled its commitment to digital transformation. The bank also implemented a Virtual Private Network (VPN) architecture for seamless interconnectivity across branches.

    Growth in Retail and Corporate Banking

    The bank has always prioritized retail and corporate banking by introducing innovative schemes. Notable among these were the Mahadeep Scheme for solar water heating systems, the Mahalaxmi Term Deposit Scheme, and the Maha Suraksha Deposit Scheme. Additionally, the bank focused on retail credit hubs in Pune, Mumbai, and Delhi to facilitate housing loans.

    Bank of Maharashtra has also made notable progress in corporate banking. It established currency futures desks, retail credit hubs, and asset recovery branches in major cities to enhance efficiency. It also supported infrastructure development by offering corporate loans, equipment financing, and project funding.

    Strategic Initiatives

    In 2013, the bank launched the Utkarsha business transformation program, engaging EY as consultants. The program focused on branch transformation, process reengineering, sales enablement for retail and SME loans, and enhancing human capital. The bank also introduced the Mahabank Gold Loan Scheme and other retail loan products to expand its credit offerings.

    The Department of Strategic Initiatives was established to align the bank’s operating model with evolving market demands. As part of its transformation efforts, the bank emphasized capital efficiency, technological upgradation, and customer-centric approaches.

    Bancassurance and Partnerships

    Bank of Maharashtra entered into strategic partnerships with several insurance companies, including Life Insurance Corporation of India and non-life insurers like United Insurance Company Ltd and Future Generali. These tie-ups aimed to offer customers a range of insurance products. The bank also partnered with asset management companies to provide mutual fund distribution services.

    In recent years, it extended credit guarantees to small farmers and collaborated with organizations to promote agricultural financing. Partnerships with companies for farm mechanization and irrigation activities further reinforced its commitment to rural development.

    Milestones in Network Expansion

    By March 2023, Bank of Maharashtra had established a robust network of 2,203 branches and 2,330 ATMs across India, including six union territories. This expansion reflected the bank's commitment to enhancing accessibility for its customers. The opening of fixed-point outlets served by Bank Mitras and the introduction of Customer Service Points (CSPs) further demonstrated its dedication to financial inclusion.

    Financial Performance and Market Presence

    Over the years, the bank's financial performance has seen consistent growth. For instance, during FY2020, the bank’s total business reached Rs 2,44,955 crore, with deposits amounting to Rs 1,50,066 crore and gross advances of Rs 94,889 crore. The infusion of capital by the Government of India significantly bolstered its equity base and facilitated operational growth.

    The Bank of Maharashtra share price has been a point of interest for investors due to its consistent growth trajectory. The bank has raised funds through equity and Tier II capital, ensuring a stable financial foundation.

    Recent Developments

    In recent years, the bank has focused on reducing non-performing assets (NPAs) through schemes like MahaMukti and Ghar Ghar Dastak Yojana. These initiatives aimed to recover dues and improve asset quality. The bank has also expanded its digital services, introducing upgraded internet banking portals and mobile banking apps to cater to evolving customer needs.

    Brief Overview

    The Bank of Maharashtra stands as a testament to resilience and innovation in India's banking sector. With a legacy that spans decades, the bank has continually adapted to technological advancements, expanded its service portfolio, and prioritized customer-centric approaches. Its extensive branch and ATM network, strategic partnerships, and commitment to digital transformation position it as a key player in the industry. As the bank progresses, the Bank of Maharashtra share price reflects its steady growth and potential for further expansion, making it a reliable choice for investors and customers alike.

    As of 11 Jul, 2025, Bank of Maharashtra share price is ₹55.9. The stock opened at ₹56.6 and had closed at ₹56.6 the previous day. During today’s trading session, Bank of Maharashtra share price moved between ₹55.86 and ₹56.77, with an average price for the day of ₹56.31. Over the last 52 weeks, the stock has recorded a low of ₹42.00 and a high of ₹70.80. In terms of performance, Bank of Maharashtra share price has increased by 14.8% over the past six months and has declined by 10.75% over the last year.

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    Bank of Maharashtra SIP Return Calculator

    Over the past

    1 year
    3 years
    5 years
    Total Investment of ₹65,00,000
    Would have become ₹61,61,473 (-5.21%)
    Daily SIP of 25,000 would have become 61,61,473 in 1 year with a gain of -3,38,526 (-5.21%)
    View details of Market Depth

    Bank of Maharashtra Fundamental

    Market Cap (in crs)

    43,549.58

    Face Value

    10

    Turnover (in lacs)

    1,952.68

    Key Metrics

    Qtr Change %
    33.19% Gain from 52W Low
    23
    Dividend yield 1yr %
    High in industry
    2.7

    Bank of Maharashtra Key Financials

    View more

    *All values are in ₹ Cr.

    *All values are in ₹ Cr.

    *All values are in ₹ Cr.

    *All values are in ₹ Cr.

    Bank of Maharashtra Quarterly Revenue
    Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024
    6730.82 Cr
    6324.68 Cr
    6017.41 Cr
    5874.68 Cr
    5466.73 Cr
    Bank of Maharashtra Yearly Revenue
    Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020
    28402.61 Cr
    23493.44 Cr
    18179.53 Cr
    15672.17 Cr
    14495.16 Cr
    13145.76 Cr
    Bank of Maharashtra Quarterly Net Profit/Loss
    Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024
    1493.38 Cr
    1406.73 Cr
    1327.08 Cr
    1293.68 Cr
    1217.91 Cr
    Bank of Maharashtra Yearly Net Profit/Loss

    Bank of Maharashtra Result Highlights

    • Bank of Maharashtra reported a 8.8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Mar (Q4FY25). On a year-on-year (YoY) basis, it witnessed a growth of 22.0%.

    • Its expenses for the quarter were down by 11.0% QoQ and up 23.6% YoY.

    • The net profit decreased 12.9% QoQ and increased 46.3% YoY.

    • The earnings per share (EPS) of Bank of Maharashtra stood at 1.7 during Q4FY25.

      Read more

    Data Source: BSE, Company announcements

    The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results.

    Top Mutual Fund Invested in Bank of Maharashtra

    Promoter
    79.6%
    Foreign Institutions
    1.7%
    Mutual Funds
    0.9%
    Domestic Institutions
    10.7%
    Public
    8%
    Promoter
    79.6%
    Foreign Institutions
    1.5%
    Mutual Funds
    0.8%
    Domestic Institutions
    10.9%
    Public
    8%
    Promoter
    86.5%
    Foreign Institutions
    1.3%
    Mutual Funds
    0.3%
    Domestic Institutions
    4.4%
    Public
    7.8%
    Promoter
    86.5%
    Foreign Institutions
    1.2%
    Mutual Funds
    0.4%
    Domestic Institutions
    4.6%
    Public
    7.8%
    Promoter
    86.5%
    Foreign Institutions
    1%
    Mutual Funds
    0.4%
    Domestic Institutions
    4.7%
    Public
    7.8%
    Promoter
    86.5%
    Foreign Institutions
    0.4%
    Mutual Funds
    0.4%
    Domestic Institutions
    4.8%
    Public
    8.4%

    Bank of Maharashtra Technical Analysis

    Moving Averages Analysis
    55.91
    Current Price
    Bullish Moving Averages
    11
    Bearish Moving Averages
    5
    5Day EMA
    56.90
    10Day EMA
    56.60
    12Day EMA
    56.50
    20Day EMA
    55.90
    26Day EMA
    55.50
    50Day EMA
    54.00
    100Day EMA
    52.80
    200Day EMA
    52.90
    5Day SMA
    57.10
    10Day SMA
    56.90
    20Day SMA
    55.60
    30Day SMA
    55.70
    50Day SMA
    53.70
    100Day SMA
    50.70
    150Day SMA
    51.30
    200Day SMA
    52.20
    Delivery & Volume

    Delivery & Volume

    PeriodCombined Delivery VolumeNSE+BSE Traded Volume
    Day Rs
    2584340 Rs
    6119886 Rs
    Week Rs
    4121190 Rs
    10102970 Rs
    Month Rs
    6136835 Rs
    16384753 Rs
    56.83
    Pivot
    Resistance
    First Resistance
    57.15
    Second Resistance
    57.68
    Third Resistance
    58
    Support
    First Support
    56.30
    Second support
    55.98
    Third Support
    55.45
    Relative Strength Index
    56.71
    Money Flow Index
    69.87
    MACD
    0.99
    MACD Signal
    0.98
    Average True Range
    1.47
    Average Directional Index
    22.08
    Rate of Change (21)
    1.18
    Rate of Change (125)
    12.99
    Name
    Holding Percent
    Life Insurance Corporation of India
    7.1

    Bank of Maharashtra Latest News

    10 JUL 2025 | Thursday

    Bank of Maharashtra - 532525 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    10 JUL 2025 | Thursday

    Bank of Maharashtra - 532525 - Board Meeting Intimation for Considering And Approving The Unaudited Standalone And Consolidated Quarterly Financial Results Of The Bank For The Quarter Ending 30.06.2025

    08 JUL 2025 | Tuesday

    Bank of Maharashtra - 532525 - Announcement under Regulation 30 (LODR)-Strikes /Lockouts / Disturbances

    View More

    Bank of Maharashtra Share Price FAQs

    Bank of Maharashtra share price is ₹55.91 in NSE and ₹55.9 in BSE as on 11/7/2025.

    Bank of Maharashtra share price in the past 1-year return was -11.82. The Bank of Maharashtra share hit a 1-year low of Rs. 42 and a 1-year high of Rs. 70.8.

    The market cap of Bank of Maharashtra is Rs. 43549.58 Cr. as of 11/7/2025.

    The PE ratios of Bank of Maharashtra is 7.89 as of 11/7/2025.

    The PB ratios of Bank of Maharashtra is 1.63 as of 11/7/2025

    The Mutual Fund Shareholding in Bank of Maharashtra was 0.9% at the end of 11/7/2025.

    You can easily buy Bank of Maharashtra shares in Kotak Securities by opening a demat account and getting the KYC documents verified online.

    The 52-week high and low of Bank of Maharashtra share price is ₹70.8 and ₹42 as of 11/7/2025.

    Please be aware that Bank of Maharashtra stock prices are subject to continuous fluctuations due to various factors.

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