Bank Of Maharashtra
"BOM, incorporated in 1935, is a Pune-based mid-sized PSB. The GOI holds the majority of stake of 86.46% as on March 31, 2024. The bank had a network of 2,489 branches as on March 31, 2024 (2,203 branches as on March 31, 2023), of which 1,330 branche...
Key Metrics
EPS
5.75
Current ratio
0.11
Debt/Equity
14.47
Debt/EBITDA
62.49
Interest coverage ratio
-
Operating Cashflow to total debt
0.10
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Consistent improvement in profitability, leading to improvement of capitalisation along with significant improvement in the size of the bank comparable to larger public sector banks (PSBs).
Improved asset quality parameters, with net stressed assets/tangible net worth (TNW) below 10% on a sustained basis.
Majority ownership and demonstrated support by the GOI
Long track record and established franchise helping the bank with a robust CASA base
Strong advance growth
Liquidity: Adequate
Cons
Geographical concentration
Relatively moderate size
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About Bank Of Maharashtra bond.
This comprehensive profile covers key factual information about Bank Of Maharashtra. "BOM, incorporated in 1935, is a Pune-based mid-sized PSB. The GOI holds the majority of stake of 86.46% as on March 31, 2024. The bank had a network of 2,489 branches as on March 31, 2024 (2,203 branches as on March 31, 2023), of which 1,330 branches are in rural and semi-urban areas. All the branches of the bank are core banking solution (CBS)-enabled. The bank has a 100% subsidiary, ‘The Maharashtra Executor & Trustee Company Pvt. Ltd. (METCO)’, which was established in 1946 with an aim to provide services auxiliary to banking and it also has an associate regional rural bank (RRB), ‘Maharashtra Gramin Bank’, wherein BOM is a sponsor bank with 35% ownership, GOI with 50%, and the Government of Maharashtra with 15%. Post the asset quality review (AQR) by the RBI, the bank saw a significant increase in its non-performing assets (NPAs), resulting in the bank having to make provisions that impacted the profitability and capital adequacy of the bank. BOM was put into the PCA framework by the RBI in June 2017 and was subsequently removed from the PCA in January 2019 after it met the parameters under the framework. The bank is headed by Mr. Nidhu Saxena, who was appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of the bank w.e.f. March 27, 2024, for a period of three years. " EPS in Mar-2024 was 5.75. Current ratio in Mar-2024 was 0.11. Debt/Equity in Mar-2024 was 14.47. Debt/EBITDA in Mar-2024 was 62.49. Interest coverage ratio in Mar-2024 was . Operating Cashflow to total debt in Mar-2024 was 0.10. Total revenue for Mar-2025 (E) was ₹24321.96. Net income for Mar-2025 (E) stood at ₹4574.79. Total assets as of Mar-2024 were ₹307341.91. Operating cash flow for Mar-2024 was ₹11,580.85. The company’s borrowing relationships include Bank of Maharashtra Limited (₹N/A Cr), State Bank of India (₹N/A Cr), Bank of Baroda Limited (₹N/A Cr), Punjab National Bank (₹N/A Cr). Peers and comparison entities consist of Bank of Maharashtra Limited, State Bank of India, Bank of Baroda Limited, Punjab National Bank. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Consistent improvement in profitability, leading to improvement of capitalisation along with significant improvement in the size of the bank comparable to larger public sector banks (PSBs). ; Improved asset quality parameters, with net stressed assets/tangible net worth (TNW) below 10% on a sustained basis.; Majority ownership and demonstrated support by the GOI ; Long track record and established franchise helping the bank with a robust CASA base ; Strong advance growth; Liquidity: Adequate. Key risks include: Geographical concentration; Relatively moderate size. Leadership team details include A F Kabade (General Manager), Abhijit Phukon (Government Nominee Director), Amit Srivastava (Chief Vigilance Officer), Aparna Joglekar (General Manager), Asheesh Pandey (Executive Director), Atul Joshi (General Manager), Chitra Datar (General Manager), Dinesh Suresh Tambat (General Manager), Keyur Talati (Assistance General Manager), Mudit Agarwal (Assistance General Manager), Nehal Rawat (Company Secretary & Compliance Officer), Nidhu Saxena (Managing Director & CEO), Pradeep Srivastava (General Manager), Rakesh Kumar (Shareholder Director), Rohit Rishi (Executive Director), S Baljit Singh (Part Time Non Official Director), Sanjeev Prakash (Nominee Director), Shashank Shrivastava (Part Time Non Official Director), Unnam R Rao (General Manager), V P Srivastava (CFO & General Manager). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.