Bank Of Maharashtra
Snapshot View

23.25 +0.15 ▲0.7%

23 July 2021, 04:00:00 P.M.
Volume: 971,706

Overview View Details

Sector Banking Compare with Sector peers
Industry Bank - Public Compare with Industry peers
Website http://www.bankofmaharashtra.in
Financial Indicators
Market Cap 15,648.40 Cr.
Earnings per share (EPS) 1.01 Trailing Twelve Months Ending 2021-06
Price-Earning Ratio (PE) 23.01 Trailing Twelve Months Ending 2021-06
Industry PE 18.53 Trailing Twelve Months Ending 2021-06
Book Value / Share 17.46 Trailing Twelve Months Ending 2021-06
Price to Book Value 1.33 Calculated using Price: 23.25
Dividend Yield 0.00 Period Ending 2021-03
No. of Shares Subscribed 673.05 Cr. 6,730,496,447 Shares
FaceValue 10
Company Profile

Bank of Maharashtra (BoM) was registered on September 16, 1935 with a capital of Rs10 Lakh. Today, BoM is a premier Bank in the country, with a vast network and several ATMs in 29 states and 5 Union Territories. The Bank has a customer base of millions with the state-of-the-art technology in enhancing customer convenience through Internet Banking, Mobile Banking etc

Business area of the bank

Bank of Maharashtra has the largest network of branches than any other public sector banks in Maharashtra. The services offered by the bank include Personal Banking - under which they offer services & products such as deposits, savings, personal loans, educational loans, RTGS, demat services, credit cards,etc.;NRI banking under which they offer products and services to NRI clients such as FCNR accounts, remittance services, etc. The PSU bank also offers services to agricultural and SME sectors. 

History and milestones

  • 1936: Commenced operations on 08-02-1936 in Pune.
  • 1938: Second branch of the bank was opened in 1938 at Fort, Bombay.
  • 1940: Third branch came up at Deccan Gymkhana, Pune.
  • 1944: Status as Scheduled Bank obtained.
  • 1946: Deposits crossed Rs One crore mark. Formed fully owned subsidiary, The Maharashtra Executor & Trustee Company. First branch outside Maharashtra opened in Hubli (Mysore Starte, Now Karnataka).
  • 1949: Expansion to AP: Hyderabad branch opened.
  • 1963: Expansion to Goa:  Panjim  Branch opened.
  • 1966: Expansion to Madhya Pradesh: Indore branch opened. Entered in Gujarat: Baroda branch opened.
  • 1969: Nationalised alongwith 13 other Banks. Entry in Delhi by opening Karolbagh branch on 19-12-69.
  • 1974: Deposit base crossed Rs. 100 Crore mark.
  • 1976: Marathwada Grameena Bank, first RRB established on  26-08-1976.
  • 1978: New Head Office building inaugurated by Hon'ble Prime Minister of India Shri. Morarji Desai Deposits crossed the figure of Rs 500 Crores.
  • 1979: “Mahabank Agricultural Research and Rural Development Foundation”,  registered as a public trust, was established for undertaking research and extension work and to provide more extensive services to farmers.
  • 1985: 500th branch in Maharashtra state was opened at the hands of the then Prime Minister, Mrs Indira Gandhi at Nariman Point, Mumbai. First Advanced Ledger Posting Machine (ALPM) was installed at the branch. Golden Jubilee Year Celebrations launched at the hands of Dr. Manmohan Singh, Governor Reserve Bank of India.
  • 1986: Thane Grameena Bank sponsored.
  • 1987: The 1000th branch of the Bank was inaugurated at Indira vasahat, Bibwewadi, Pune at the auspicious hands of Dr.Shankar Dayal Sharma, the Honourable Vice President of India.
  • 1991: 'Mahabank Farmer Credit Card ' was launched. Entered in to Domestic Credit Card Business. Main Frame Computer installed. Became member of the SWIFT.
  • 1995: Diamond Jubilee Celebrations - Dr C Rangarajan the RBI Governor was the Chief Guest. Deposits crossed Rs 5000 crore mark.
  • 1996: Moved into “A” category from the earlier “C” category. Autonomy obtained.
  • 2000: Deposits crossed Rs 10000 crore mark.
  • 2004: Public Issue of Shares - 24% owned by Public. Listed in BSE and NSE.
  • 2005: Bancassurance and Mutual Fund distribution business started.
  • 2006: Crossed total business level of Rs.50,000 Crore. Branch CBS Project started.
  • 2009: Entered in to 75th year of dedicated service to the Nation.Adopted 75 underdeveloped villages for integrated overall development.
  • 2010: 100% CBS of branches achieved Total Business crossed Rs One lakh crore. Opened 76 branches in the Platinum Year taking the total to 1506. Platinum Jubilee Year concluding ceremony at the hands of the then Finance Minister, Shri Pranab Mukherjee held at Vigyan Bhavan, New Delhi. New initiatives like Mahachetana, opening of E-lounges in Pune, Mumbai and Delhi, Micro Asset Recovery cells were implemented.
  • 2011: First SHG Branch opened in Pune. Bank sponsored Maharashtra Gramin Bank achieved 100% CBS in record 77 days. 77th anniversary of Foundation day celebrations at the hands of Honble Finance Minister, Shri Pranab Mukherjee dedicating 5 specialised branches to SHGs and opening of 5 Mid-Corporate branches on the occasion. First ever visit of Union Finance Minister to Bank’s Central Office - Honble Finance Minister, Shri Pranab Mukherjee visits Lokmangal, the Bank’s Head quarters in Pune on 7-11-2011.
  • 2012: Hon’ble Union Finance Minister Shri P Chidambaram inaugurates the Bank’s 1624th branch at Rajgambiram on 25.08.2012. Sept 2012: Bank’s total business crossed Rs.1,50,000 cr and reached the level of Rs. 1,51,320 crore. Bank of Maharashtra awarded “Best Banker - Customer Friendliness” for 2012 by The Sunday Standard. Received the Dun & Bradstreet - Polaris Financial Technology Banking Award 2012 as Best Public Sector Bank under the category “Asset Quality”. BoM hosted Bancon 2012 in Pune on 24th-25th November 2012. Hon’ble Union Finance Minister Shri P. Chidambaram inaugurated the Conference.
  • 2013: Launch of Rupay card launch by Sonia Gandhi in Delhi. 50 Branches opened on 15th August 2013. Total Business Crossed Rs 2.00 Lakh Crore.
  • 2014: 162 new branches; largest number to be opened in a single year, opened taking the branch network to 1890.1129 ATMs installed taking the total number to 1827. Bank’s own EFT Switch implemented live.
  • 2015: 26 new branches; Branch network reached 1889. Launched ‘Mahamobile’-Mobile Banking Application. ISO 27001:2013 certification for its Data Centre, DR Centre, PMO & HO-IT.
  • 2016: Bank crossed milestone figure of Rs 2.50 Lakh Crore. Implemented ‘MAHASECURE’ - add on application for Internet Banking; because of which no phishing attacks have been reported. ‘Best Financial Inclusion Initiative’ award by IBA - Banking Technology.
  • 2017-18: “Ghar Ghar Dastak Yojana” (GGDY) was introduced for Small NPA borrowers up to Rs 10 lakhs. The bank has launched “MahaMukti - 2017-18 (A)” and “MahaMukti - 2017- 18 (B)”. The bank has also launched Mahabank Karjmukti Yojana, an OTS scheme for recovery in Regular Written Off (RWO) a/cs up to Rs 25 lakhs introduced in previous year was continued during 2017-18.
  • 2018-19: Maha-Riyayat Yojana (MRY) was introduced for NPAs having ledger balance above Rs 1 crore and up to Rs 50 crore.
  • 2019-20: Introduced new schemes - Maha Contractor Scheme, Maha Hospitality Scheme and ‘Standby Line of Credit for MSME (SLCMSME). Introduced Standby line of credit for working capital (SLC-WC) to give additional comfort to the existing MSME borrower in regard to liquidity easing. Under Contactless Cards, the bank launched National Common Mobility Card (NCMC).

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+0.65%
1 Week
-3.12%
1 Month
-7.37%
3 Month
+1.31%
6 Month
+61.01%
1 Year
+95.87%
2 Year
+60.34%
5 Year
-29.65%
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 17.88 7.37 7.01 1.38 -19.85 -15.06 -70.84 5.64 5.50
Return on Assets (%) 0.73 0.30 0.32 0.07 -0.86 -0.72 -2.97 0.24 0.31
Net Interest Margin 2.68 2.65 2.81 2.53 2.11 2.33 2.46 2.76 2.67
Yield on Advances (%) 12.74 13.45 12.85 12.14 12.63 12.93 13.12 13.23 11.59

Balance Sheet View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Shh. Funds 6,426 7,410 8,123 8,860 7,469 10,067 5,883 10,909 12,308
Minority Int.
Deposits 94,330 116,794 122,110 138,980 139,040 138,967 140,636 150,050 173,989
Borrowings 12,877 8,326 11,127 9,228 8,137 4,064 10,149 3,670 4,239
Other Liab. 3,347 3,831 4,713 3,961 4,765 3,351 8,008 4,388 6,299
Total Liab. 116,981 136,360 146,073 161,029 159,411 156,449 164,676 169,018 196,835
Fixed Assets 1,429 1,446 1,432 1,695 1,586 1,517 1,776 1,676 1,674
Investments 31,458 37,290 32,819 36,302 38,677 43,742 59,837 57,891 68,281
Advances 75,471 88,920 98,599 107,563 95,515 85,797 82,666 86,872 102,405
Cash & Bank 6,173 6,102 6,753 9,320 16,642 15,884 9,155 10,447 12,942
Other Assets 2,450 2,602 6,470 6,150 6,991 9,508 11,243 12,132 11,533
Total Assets 116,981 136,360 146,073 161,029 159,411 156,449 164,676 169,018 196,835

Profit Loss View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Interest Earned 9,613 11,957 12,665 13,053 12,062 11,096 10,850 11,496 11,869
Other Income 913 895 1,007 1,020 1,509 1,507 1,568 1,660 2,647
Total Income 10,526 12,852 13,672 14,073 13,571 12,603 12,418 13,155 14,515
Operating Exp. -1,798 -2,398 -2,527 -2,554 -2,857 -2,705 -3,084 -3,082 -3,566
Provisions -806 -1,258 -1,542 -1,928 -3,970 -5,457 -7,327 -3,108 -2,727
PBIT 7,923 9,196 9,603 9,592 6,744 4,441 2,006 6,966 8,223
Interest -6,580 -8,447 -8,790 -9,174 -8,886 -7,706 -7,115 -7,216 -6,970
Tax -584 -362 -363 -317 771 2,120 345 649 -681
PAT 760 386 451 101 -1,372 -1,145 -4,763 399 571

Cash Flow View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 12 -173 -1,083 2,904 7,498 -1,723 -10,842 693 2,447
Cash Fr. Inv. -126 -171 -151 -151 -99 -134 -106 -100 -169
Cash Fr. Finan. 542 274 1,885 -186 -77 1,100 4,220 698 217
Net Change 429 -70 651 2,567 7,322 -758 -6,729 1,292 2,495
Cash & Cash Eqvt 6,173 6,102 6,753 9,320 16,642 15,884 9,155 10,447 12,942

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 92.49 92.49 92.49 92.49 92.49 93.33 93.33 93.33 93.33
Public 7.51 7.51 7.51 7.51 7.51 6.67 6.67 6.67 6.67
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Fri, 23 Jul 2021
Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper publication regarding Financial Results of the Bank for the First Quarter ended 30th June 2021.
Thu, 22 Jul 2021
Unaudited Financial Results Of Bank For The First Quarter Ended 30Th June 2021.
Unaudited Financial Results of Bank for the First Quarter ended 30th June 2021.
Thu, 22 Jul 2021
Press Release And Presentation On Financial Results Of Bank For First Quarter Ended 30.06.2021
Press Release and Presentation on Financial Results of Bank for First Quarter ended 30.06.2021

Technical Scans View Details

Fri, 23 Jul 2021
Stock Underperforming Benchmark Index in both 1 Week and 3 Month Stock Underperforming Benchmark Index in both 1 Week and 3 Month
Stock Underperforming Sectoral Index in both 1 Week and 3 Month Stock Underperforming Sectoral Index in both 1 Week and 3 Month
Strongly Underperforming Benchmark index Strongly Underperforming Benchmark index
Both SRS And ARS Above Zero Both SRS And ARS Above Zero
Closing Near 100 EMA Closing Near 100 EMA

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