Business Responsibility and Sustainability Reporting 2024-25
MAHABANK · price
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Awaiting price reaction for this filing.
Bank of Maharashtra has filed its annual Business Responsibility and Sustainability Report (BRSR) for FY 2024-25 as mandated by SEBI's listing regulations. The bank reported turnover of Rs. 28,401.62 Crores and net worth of Rs. 25,880.52 Crores on a standalone basis. It operates 2,489 branches across India (all states except Lakshadweep) with 14,591 permanent employees, of which 28% are women. The bank opened 10.85 lakh new PMJDY (Jan Dhan) accounts during the year as part of its financial inclusion drive. On the sustainability front, it generated 2,52,630 kWh of electricity from solar panels installed at its premises and recycled 89.96% of the 20.13 metric tonnes of e-waste generated. Kirtane & Pandit LLP provided reasonable assurance on BRSR core parameters. The bank disclosed an RBI penalty of Rs. 1.32 Crores for deficiencies in credit delivery, UCCI and KYC for small accounts, along with a minor Rs. 75,000 NPCI penalty for AEPS technical decline.
This is a routine annual compliance filing with no fresh material information likely to move the stock. The disclosed RBI penalty of Rs. 1.32 Crores is small relative to the bank's Rs. 7,691 Crore paid-up capital. Continued progress on solar power, e-waste recycling, and financial inclusion supports the bank's long-term ESG narrative but has limited short-term share price impact.