The Ministry of Finance will meet the chiefs of India’s public sector banks on August 20 to review their Q1 FY26 results. The sector posted a combined profit of ₹44,218 crore, led by State Bank of India, marking an 11% year-on-year growth.

The Ministry of Finance, headquartered in New Delhi, oversees India’s fiscal policy, banking sector, and public finance management. As part of its supervisory role, the ministry regularly reviews the financial health of public sector banks (PSBs) to ensure stability and growth in the country’s banking ecosystem.

On August 20, Financial Services Secretary M. Nagaraju will chair a performance review meeting with the chief executives of all 12 PSBs. The agenda includes an assessment of their first-quarter earnings for FY2025–26 and discussions on growth, profitability, and challenges in the sector.

India’s state-owned banks reported a combined net profit of ₹44,218 crore in Q1 FY26, an increase of 11% compared to the ₹39,974 crore earned in the same period last year. The rise in earnings highlights continued strength in credit growth and improved balance sheets across the sector.

State Bank of India (SBI), the country’s largest lender, accounted for nearly 43% of the sector’s profits. The bank reported a standalone net profit of ₹19,160 crore, up 12% year-on-year, reinforcing its dominant position in India’s financial services landscape.

Among smaller lenders, Indian Overseas Bank (IOB) posted the highest growth in percentage terms, recording a 76% surge in net profit to ₹1,111 crore. Punjab & Sind Bank followed with a 48% jump to ₹269 crore, while Central Bank of India reported a 32.8% increase, reaching ₹1,169 crore. Indian Bank and Bank of Maharashtra also delivered strong gains with 23.7% and 23.2% profit growth, respectively.

However, not all PSBs registered an upward trajectory. Punjab National Bank (PNB) reported a sharp 48% decline in net profit to ₹1,675 crore, compared with ₹3,252 crore in the previous year’s June quarter. Despite this, the overall sector remained buoyant with most lenders showing steady performance improvements.

The review meeting is expected to focus on sustaining profitability, strengthening capital adequacy, and aligning banking operations with the government’s financial inclusion and credit expansion goals.

With the sector surpassing a cumulative ₹44,000 crore profit milestone, the performance of PSBs reflects both structural reforms and improving asset quality, positioning them strongly for the remainder of FY26.

READ MORE ON

Read the full article here: Finance Ministry to Review Q1 Performance of Public Sector Banks After Record ₹44,218 Crore Profit — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

Bank of Maharashtra, India, has announced the record dates for annual interest payments on several bonds under the Basel III framework and infrastructure bonds, with interest payments scheduled from September 2025 to March 2026.

Bank of Maharashtra, headquartered in Pune, India, has formally declared the record dates for annual interest payments on its bonds, including Basel III Additional Tier I (AT I), Tier II bonds, and Long-Term Infrastructure Bonds. The cumulative bond issue under review totals over ₹6,000 crore (approx. USD 720 million), with scheduled payments from September 2025 through March 2026.

This update, compliant with Regulation 60 of SEBI’s Listing Obligations and Disclosure Requirements, is directed to both the BSE and NSE for investor information and transparency.

Key Bond Details and Payment Schedule:

The consistent issuance and interest servicing on Basel III compliant instruments reflect the robust capital planning of Bank of Maharashtra. Its adherence to regulatory discipline while maintaining attractive coupon rates (ranging from 7.70% to 8.75%) offers reassurance to institutional investors, particularly in a high-rate economic cycle.

Also Read: Bank of Maharashtra Roars Into FY26 With ₹1,593 Cr Profit: A Financial Power Move

Bond issuance under Basel III norms plays a pivotal role in strengthening the bank’s Tier I and Tier II capital, ensuring resilience in risk-weighted asset management. The combination of AT I and Tier II tranches also reflects strategic capital structuring tailored to meet both regulatory requirements and market appetite.

This announcement underscores the bank’s transparent approach and long-term capital discipline, positioning it as a reliable issuer in India’s financial system.

READ MORE ON

Read the full article here: Bank of Maharashtra Sets Record Dates for Bond Interest Payments — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

Bank of Maharashtra, a leading public sector bank based in Pune, Maharashtra, India, reported a 23% year-on-year rise in net profit to ₹1,593 crore for Q1FY26. The increase was driven by stronger interest income and improved asset quality.

Bank of Maharashtra, a public sector lender headquartered in Pune, Maharashtra, reported a net profit of ₹1,593 crore for the first quarter of the financial year 2025–26 (Q1FY26), marking a 23% rise from ₹1,293 crore in the same period last year.

In its regulatory filing on July 16, the bank announced that total income for the quarter ending June 2025 increased to ₹7,879 crore, up from ₹6,769 crore in Q1FY25. Interest income stood at ₹7,054 crore, a sharp rise from ₹5,875 crore year-on-year.

Bank of Maharashtra also showed notable improvement in its asset quality. Gross Non-Performing Assets (NPAs) fell to 1.74% of gross advances, compared to 1.85% in the same quarter last year. Net NPAs declined slightly to 0.18%, down from 0.20%.

Net Interest Income (NII) saw a year-on-year growth of 17.60%, while Net Interest Margin (NIM) remained stable at 3.95%, slightly lower than 4.01% in the March 2025 quarter.

Total business grew by 14% year-on-year to reach ₹5.46 lakh crore. Deposits increased to ₹3.05 lakh crore, while gross advances rose by 15.34% to ₹2.41 lakh crore.

Provisions for the quarter dropped to ₹867.41 crore, down from ₹983.29 crore in the preceding quarter. However, slippages—referring to fresh additions to NPAs—rose to ₹727 crore from ₹660 crore in Q4FY25.

Return on Assets (ROA) improved to 1.80% in Q1FY26 from 1.72% in Q1FY25, while Return on Equity (ROE) saw a decline to 23% from 27.62%.

Bank of Maharashtra’s continued operational efficiency and lending discipline highlight its efforts to maintain strong fundamentals in the face of a dynamic financial environment.

Read the full article here: Bank of Maharashtra Roars Into FY26 With ₹1,593 Cr Profit: A Financial Power Move — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

Bank of Maharashtra, headquartered in Pune, Maharashtra, India, has announced a board meeting scheduled for July 15, 2025, to review and approve its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2025. As per regulatory requirements, the trading window for insiders remains closed and will reopen 48 hours after the results are declared.

Bank of Maharashtra, a prominent public sector bank headquartered in Pune, Maharashtra, India, has informed stock exchanges about its upcoming board meeting scheduled for July 15, 2025, to consider and approve the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2025.

The announcement was made in a regulatory filing in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Bank of Maharashtra, listed on BSE (Scrip Code: 532525) and NSE (Symbol: MAHABANK), also highlighted that the trading window for dealing in its securities has remained closed for directors, designated employees, and insiders since July 1, 2025. The window will reopen 48 hours after the financial results are declared.

The closure is in line with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the bank’s internal Code of Conduct to Regulate, Monitor and Report Trading by Insiders.

The Q1 results will reflect the bank’s performance at the start of FY26 and will be closely watched by investors and stakeholders given the evolving economic environment.

For investor-related queries, stakeholders can reach out via BSE.

Read the full article here: Bank of Maharashtra to Approve Q1 FY26 Results on July 15 — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).