- Financial Growth:
- Advances and deposits demonstrated robust growth, with a 24% YoY increase.
- Notable performance in key sectors: Retail advances (20% YoY), MSME (26% YoY), and Agri (30% YoY).
- Asset Quality:
- Substantial improvement in asset quality, with NPA reduced to 2.1% from 3.4% YoY.
- Provision Coverage Ratio (PCR) stood at an impressive 98%.
- Profitability Metrics:
- Strong profitability indicators: ROE (23%) and ROA (1.37%).
- Confident in maintaining ROA between 1.2-1.4% in the upcoming quarters.
- Balance Sheet Strength:
- Maintaining a robust balance sheet with a Capital Adequacy Ratio (CAR) of 30%.
- Equity Capital and Growth Plans:
- Raised equity capital during Q2 to support expansion initiatives.
- Aiming for a continued loan book growth of 20% in the coming quarters.
- Focus Areas:
- Strategic focus on mid-corporates in sectors like pharmaceuticals, textiles, and engineering.
- Exploring opportunities in the export side of textile businesses.
- Emphasizing growth in the gold loan book with a targeted 25% increase.
- Venturing into the Electric Vehicle (EV) space, particularly lending to auto Original Equipment Manufacturers (OEMs).
- Credit Cost:
- Anticipating minimal credit costs in the upcoming quarters.
Bank of Maharashtra showcases a resilient performance, marked by substantial growth, improved asset quality, and a strategic approach towards emerging sectors like EVs. With a strong capital base and a focus on diverse lending segments, the bank aims to sustain its growth momentum in the dynamic financial landscape.