1. At a Glance
Bank of Maharashtra (BoM) is quietly becoming the PSU bank dark horse — leaner NPAs, soaring profits, and a 5-year CAGR that makes fintechs blush. But with 79.6% still held by the government, is this a true turnaround or a well-orchestrated illusion?
2. Introduction with Hook
Imagine a kid who flunked every subject till Class 10 suddenly topping JEE Advanced. That’s Bank of Maharashtra.
Once the “why-do-you-exist” PSU, BoM has clocked:
- 70% profit CAGR in 5 years
- Net NPA down to a literal rounding error at 0.18%
- ROE zooming to 23% in FY25
From being the background extra in the PSU drama, BoM now demands a main role. And possibly a dance number.
3. Business Model (WTF Do They Even Do?)
Like all banks, BoM collects deposits, gives loans, and tries not to go bankrupt. But let’s break it down:
- Retail Banking: 39% of revenue in FY24. You, me, your aunt’s fixed deposit.
- Corporate/Wholesale Banking: 36%. Loans to infrastructure projects, MSMEs, etc.
- Treasury: 21%. Government bonds, SLR, all that jazz.
- Others: 4%. FX, fee-based income, perhaps a few lucky guesses.
What’s changed? Retail’s rising share and better credit discipline. They’re finally doing banking… like a bank.
4. Financials Overview
plaintextCopyEditFY25 (Rs Cr)
Net Profit : ₹5,542
Revenue : ₹24,948
EPS : ₹7.21
ROE : 23%
Gross NPA
