MAHABANK

- Bank of Maharashtra announced the reaffirmation of credit ratings by CRISIL Ratings Limited on 4th November, 2026. - CRISIL A1+ rating reaffirmed for the Certificate of Deposit amounting to ₹20,000 Crore. - Filing made pursuant to Regulation 55 of SEBI (LODR) Regulations, 2015.

- Shri Dinkar Sankpal ceased to be the Chief General Manager of Bank of Maharashtra w.e.f. the close of working hours on 31st October, 2026. - The cessation is due to his retirement upon attaining superannuation.

- Bank of Maharashtra has announced a revision in its Marginal Cost of Funds Based Lending Rate (MCLR) effective from October 31, 2026. - Overnight MCLR reduced by 10 bps to 6.95% from 7.05%. - One month MCLR reduced by 10 bps to 7.80% from 7.90%. - Three months and six months MCLR reduced by 5 bps each. - One-year MCLR remains unchanged at 9.05%.

Management Guidance & Outlook - Confident in maintaining domestic credit growth well above the guidance of 18%. - Targeting annual recoveries of ₹1,300 Cr to ₹1,500 Cr from written-off accounts over the next 4 to 5 years. - Total ECL provisioning requirement assessed at ₹2,500 Cr over 4 years, of which ₹750 Cr is already provided, covering requirements through FY28. Growth Drivers & Credit Pipeline - Strong corporate pipeline of ₹23,000 Cr, with ₹10,000 Cr expected to disburse by March 2027 across infra (power, roads), renewables, and data centers. - Branch network expansion continues on track with ~200 branches planned annually (77 opened in H1). - Total gold loan book reached ₹33,000 Cr, with agricultural gold loans rising to ₹18,600 Cr. Asset Quality & Provisions - GNPA reduced to 1.25%, NNPA at 0.12%, and PCR maintained at 98.53%. - Bank holds ₹1,600 Cr to ₹1,800 Cr in surplus contingent/floating provisions. - Minimal credit risk anticipated from regional drought conditions as agricultural lending is predominantly secured by gold.

- Q2 FY27 Net Profit up 41.4% YoY to ₹2,310 Cr; Operating Profit grew 30.9% YoY to ₹3,369 Cr. - Net Interest Income rose 21.8% YoY to ₹3,954 Cr; domestic NIM stood at 3.97%. - Total business increased 25.2% YoY to ₹7,05,766 Cr; gross advances up 29.6% YoY. - Asset quality improved with Gross NPA at 1.25% and Net NPA at 0.12%.

- Q2 FY27 Net Profit rose 41.42% YoY to ₹2,310 Cr from ₹1,633 Cr. - Net Interest Income grew 21.76% YoY to ₹3,954 Cr. - Gross NPA improved to 1.25% vs 1.72% YoY; Net NPA declined to 0.12% vs 0.18% YoY. - Operating Profit increased 30.86% YoY to ₹3,369 Cr.

- Q2 FY27 Net Profit grew 41.42% YoY to ₹2,310 Cr. - Net Interest Income up 21.76% YoY to ₹3,954 Cr. - Total Deposits rose 21.50% YoY to ₹3,76,407 Cr; Gross Advances increased 29.61% YoY to ₹3,29,359 Cr. - Asset quality improved: GNPA reduced to 1.25% (vs 1.72% YoY) and NNPA stood at 0.12% (vs 0.18% YoY).

- Q2 FY27 Consolidated Total Income rose 22.1% YoY to ₹9,735.67 Cr vs ₹7,973.86 Cr. - Consolidated Net Profit grew 28.0% YoY to ₹2,136.48 Cr vs ₹1,668.61 Cr. - Asset quality improved with Gross NPA declining to 1.25% vs 1.72% YoY and Net NPA at 0.12% vs 0.18% YoY.

Concall Schedule Concall Date: 26th October, 2026 Concall Time: 04:30 PM IST

- Bank of Maharashtra has shared its ESG rating report assigned by GlobeTrend Climate Impact Pvt. Ltd. on October 08, 2026. - The bank achieved an overall ESG score of 74.7/100, categorized as 'Excellent'. - Pillar-wise scores include Environment (16.5/23), Social (27.3/35), and Governance (30.9/42). - Disclosure levels exceeded 90% across all pillars, led by Governance at 97%.

- Bank of Maharashtra has informed about a change in Senior Management. - Shri Devdatta Rokade, Chief General Manager, has been designated as the Chief Compliance Officer (CCO) of the bank with effect from 1st October 2026.

- Bank of Maharashtra announced the superannuation of Shri Amit Srivastava as Chief Vigilance Officer. - He ceased to hold office effective from the close of working hours on September 30, 2026.

- Bank of Maharashtra has revised its Marginal Cost of Funds Based Lending Rate (MCLR) effective from September 30, 2026. - Overnight rate revised to 7.05% from 7.10%. - One-month rate revised to 7.90% from 8.15%. - Three-month and six-month rates revised to 8.40% and 8.70% respectively. - One-year MCLR increased slightly to 9.05% from 9.00%.

- Bank of Maharashtra participated in various one-on-one and group meetings with prospective analysts and institutional investors between September 8, 2026, and September 24, 2026. - The bank confirmed that no unpublished price sensitive information (UPSI) was shared, and only publicly available information was discussed during the meetings.

- Trading window closed from October 1, 2026, until 48 hours after declaration of financial results for the quarter ended September 30, 2026. - Applies to Directors, Designated Persons, and their relatives as per SEBI (PIT) Regulations, 2015.

- Bank of Maharashtra informed about a proposed bank strike by United Forum of Bank Unions on 28th, 29th, and 30th September 2026. - The bank is taking steps for smooth functioning, but operations may be affected.

- Bank of Maharashtra concluded issuance of Senior Unsecured Fixed Rate Notes for USD 500 Million. - The notes have a 5-year maturity with a 6.112% p.a. coupon. - To be issued via IFSC Banking Unit by September 24, 2026, and listed on India INX and NSE IX.

- Bank of Maharashtra announced the appointment of Shri Saurabh Kumar as GOI Nominee Director on its Board. His appointment is effective from September 10, 2026, replacing Shri Abhijit Phukon. Shri Saurabh Kumar currently serves as Joint Secretary, Ministry of Finance.

- Seven trade unions have proposed a one-day bank strike on 11.09.2026. - Functioning of Bank's branches and offices may be affected if the strike materializes.

- Bank of Maharashtra intimated the filing of an Investor Presentation for Institutional Investors / Analysts Meetings. - The presentation covers an overview of the bank, key business highlights, and summary of key financials as of June 2026. - The filing confirmed that no unpublished price sensitive information is contained in the presentation.

- Concall Schedule - Concall Date: 8th September 2026 to 24th September 2026 - Event: Meeting with group of Institutional Investors / Analysts - Mode: Virtual

- Bank of Maharashtra revised its Marginal Cost of Funds Based Lending Rate (MCLR) rates, effective August 31, 2026. - Overnight, One-month, and Six-month MCLR decreased, Three-month MCLR slightly increased, and One-year MCLR remained unchanged.

- Appointment of Shri Naresh Kumar Vashisht as Part-time Non-official Director on the Board of Bank of Maharashtra. - The appointment is effective from August 12, 2026, for a period of three years.

- Bank of Maharashtra revised its MCLR rates, effective July 25, 2026. - 6-month MCLR increased from 8.80% to 8.90% and One-Year MCLR from 8.95% to 9.00%. - Overnight MCLR decreased from 7.50% to 7.30%.

- Smt. Uma Vedula, Chief Compliance Officer (CCO) of Bank of Maharashtra, has resigned for personal reasons and was relieved on July 23, 2026. - The Bank is in the process of appointing a new CCO at the rank of Chief General Manager as per RBI guidelines.

- Q1 FY27 performance was strong, with business growth and profitability consistently above guidance. - Operating Profit (OP) grew ▲21% YoY to ₹3,117 Cr. - Net Profit (PAT) grew ▲27% YoY to ₹2,020 Cr. - Total Business Growth: ▲19% YoY (vs. guidance 16-17%). - Total Advances Growth: ▲27% YoY (vs. guidance 18%). - Net Interest Margin (NIM): 3.85% (above 3.75% guidance, despite 10 bps YoY reduction). - Gross NPA: 1.45% (below 2% guidance); Net NPA: 0.13% (below 0.25% guidance); PCR: 98.55%. - Board approved INR5,000 Cr equity raising plan for FY27. - Management reaffirmed commitment to existing guidance and plans continued branch expansion (200 annually). - FII holding increased from 0.39% to 6.08%, DII holding from 0.24% to 7.42%.

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