Reaffirmation of Credit Ratings by ICRA Limited
MAHABANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ICRA has reaffirmed its [ICRA]AA+ (Stable) rating on Bank of Maharashtra's securities worth Rs. 12,000 crore, covering Basel III Tier II bonds (Rs. 2,000 crore) and Infrastructure bonds (Rs. 10,000 crore). The reaffirmation is supported by the bank's improving asset quality, with the Gross NPA ratio falling to 1.45% in June 2026 from 1.74% in March 2025, and Net NPAs at a low 0.13%. The bank reported strong profitability with RoA rising to 1.77% in FY2026 and annualised to 1.90% in Q1 FY2027, on a net profit of Rs. 2,020 crore. Capital position remains comfortable with CET I ratio at 15.56% and a liquidity coverage ratio of 117.87%. Government of India continues to hold 73.60% stake, providing sovereign backing.
The rating reaffirmation at AA+ with stable outlook signals continued confidence in the bank's financial health and is mildly positive for shareholders. The strong capital buffers and improved asset quality reduce near-term concerns, though watch areas include the Rs. 2,500 crore ECL framework transition impact and potential stress from the West Asia conflict.