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MAHABANK Share Price Discussion

Bank of Maharashtra
NSE: MAHABANK | BSE: 532525 | ISIN: INE457A01014 | Sector: Banks

*Bank of Maharashtra's (NSE: MAHABANK) Profit up 17.91% YoY; Beat street's estimate on all front!*
Bank of Maharashtra posted a good set of Q1FY21 earnings performance. Bank's consolidated Net Interest Income (NII) increased by 9.14% at Rs. 1,088.16 Crs and the bank reported a consolidated net profit of Rs. 105.07 Crs vs. Rs. 89.11 Crs year-ago, jump of 17.91%.
Asset Quality
Its GNPAs stood at 10.93% in Q1FY21 vs. 12.81% in Q4FY20 which showed improvement in the asset quality decreasing GNPAs by 188bps. The Bank reported NNPA at 4.10%, a decrease of 67bps on a sequential basis.
Provisions and contingencies
The lender has provided provisions and contingencies of Rs. 608.94 Crs as compared to Rs. 920.72 Crs year ago, a dip of 33.86%.
Bank has made provision of Rs. 275 Crs in Q1FY21 towards COVID-19 Regulatory Package Provision and cumulative provision of Rs. 425 Crs as on June 30, 2020, vs. regulatory requirement of Rs. 75 Crs at 10%.
The provision coverage ratio has improved to 85.62% as of June 30, 2020, vs. 81.24% for a year-ago period.
Segment revenue
If we look at the specific consolidated revenue segments of the bank, treasury operations increased by 8.22%, Retail banking revenue grew by 38.11%, and Corporate/ wholesale banking revenue de-grew by 25.68% whereas other banking business decreased by 67.96% on YoY basis.
Balance sheet
Deposits grew by 10.11% whereas advances grew by 10.51% respectively on a YoY basis.
Ratios
Capital Adequacy Ratio (Basel III) as on June 30, 2020, stood at 13.21%. Liquidity Coverage Ratio stands at 232.33%.
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NSE:MAHABANK price when posted: 12.35
Recent posts in MAHABANK
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Reputation: 6,184 • Sep 14 1:18 AM
Central Bank of India reduces MCLR by 5 bps
The city-based lender has cut the one-year MCLR to 7.10 percent from 7.15 percent, a release said.
Moneycontrol
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N
Reputation: 6,184 • Sep 14 1:33 AM
SBI, Union Bank, BoB, Bank of Maharashtra, IDBI Bank | Check out how much bad loans each bank has written off
As shown in the cases of SBI, Union Bank, BoB, Bank of Maharashtra and IDBI Bank, most of the time, there is no or negligible recovery for the amounts written off
Moneycontrol
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N
Reputation: 6,184 • Sep 8 1:53 AM
Bank of Maharashtra, Indian Overseas Bank slash MCLR by up to 10 bps
Its peer Indian Overseas Bank (IOB) also said it will cut its MCLR by 10 basis points (bps) across all tenors effective September 10.
Moneycontrol
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N
Reputation: 6,184 • Sep 7 2:31 AM
Bank of Maharashtra, Indian Overseas Bank slash MCLR by up to 10 bps
State-run Bank of Maharashtra has slashed its marginal cost of funds based lending rate (MCLR) by up to 10 basis points for select tenors effective Monday.
The Economic Times
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N
Reputation: 6,184 • Aug 27 6:21 AM
Stock market update: Nifty PSU Bank index rises 2%; Bank of India climbs 3%
The index was trading 1.75 per cent up at 1537.5.
The Economic Times
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N
Reputation: 6,184 • Aug 26 6:31 AM
Stock market update: PSU Bank stocks rise; Bank of India gains 1%
The Nifty PSU Bank index was trading 0.41 per cent up at 1512.9.
The Economic Times
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