Bank of Maharashtra reported a 27% year-on-year increase in net profit to ₹2,020 crore for the quarter ended June 2026, marking a strong start to fiscal 2027.
The public sector lender attributed the bottom-line improvement to robust growth in interest income and a notable recovery in asset quality, with the gross non-performing asset (GNPA) ratio declining to 1.45%.
Indian Bank, for instance, posted a 10% rise in net profit to ₹3,273 crore for the same quarter, driven by robust business growth.
Total income for the period rose to ₹9,063 crore, reflecting steady business expansion.
The improvement in asset quality suggests that the bank’s earlier provisioning efforts are yielding results, reducing the drag on profitability from bad loans.
This trend aligns with a broader recovery pattern observed among Indian public sector banks, which have been focusing on credit cleanup and operational efficiency.
The results come as other state-owned lenders also report positive momentum.
Indian Bank, for instance, posted a 10% rise in net profit to ₹3,273 crore for the same quarter, driven by robust business growth. The sector-wide improvement indicates that the Indian banking system is stabilizing, with lower NPAs and higher interest margins supporting earnings growth.