Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
PSU bank stocks declined after advancing for two consecutive trading sessions.
At 12:25 IST, the barometer index, the S&P BSE Sensex declined 258.39 points or 0.33% to 77,222.74. The Nifty 50 index fell 55.80 points or 0.24% to 24,149.30.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index shed 0.08% and the BSE 250 SmallCap Index fell 0.02%.
The market breadth was negative. On the BSE, 1,766 shares rose and 2,284 shares fell. A total of 236 shares were unchanged.
Derivatives:
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 5.84% to 11.18. The Nifty 29 September 2026 futures were trading at 24,310, at a premium of 160.7 points as compared with the spot at 24,149.30.
The Nifty option chain for the 29 Spetmber 2026 expiry showed a maximum call OI of 56.4 lakh contracts at the 25,000 strike price. A maximum put OI of 55.5 lakh contracts was seen at the 24,000 strike price.
Buzzing Index:
The Nifty PSU Bank index declined 0.51% to 8,625.65. The index jumped 1.52% in the past two consecutive trading sessions.
Bank of Maharashtra (down 1.34%), UCO Bank (down 0.65%), Central Bank of India (down 0.42%), Canara Bank (down 0.42%), State Bank of India (SBI) (down 0.41%), Bank of Baroda (down 0.33%), Punjab National Bank (down 0.32%), Indian Overseas Bank (down 0.27%), Union Bank of India (down 0.26%) and Bank of India (down 0.24%) declined.
Stocks in Spotlight:
Skipper advanced 2.50% after the company announced that it has secured fresh orders worth Rs 1,305 crore for several domestic and international transmission and distribution (T&D) projects.
Capacite Infraprojects declined 1.59%. The company said that it has received a letter of intent (LOI) amounting to Rs 741 crore from Mahindra Lifespace Developers. The LOI is for undertaking the construction of core and shell work of Mahindra Rainforest at Kanjurmarg and Mahindra Beacon Hill at Mahalaxmi.
ACME Solar Holdings shed 0.94%. The company announced that it has secured Rs 1,571 crore in long-term project funding from India Infrastructure Finance Company (IIFCL) for the construction and development of its 300 MW assured peak power project in Rajasthan.
Bank of Maharashtra gained for a third straight session today. The stock is quoting at Rs 86.07, up 5.35% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.23% on the day, quoting at 24277.5. The Sensex is at 77655.51, down 0%. Bank of Maharashtra has gained around 6.75% in last one month.
Meanwhile, Nifty PSU Bank index of which Bank of Maharashtra is a constituent, has gained around 3.97% in last one month and is currently quoting at 8603.65, up 1.08% on the day. The volume in the stock stood at 445.78 lakh shares today, compared to the daily average of 104.81 lakh shares in last one month.
The benchmark September futures contract for the stock is quoting at Rs 86.97, up 5.83% on the day. Bank of Maharashtra is up 63.85% in last one year as compared to a 0.91% slide in NIFTY and a 28.29% slide in the Nifty PSU Bank index.
The PE of the stock is 8.44 based on TTM earnings ending June 26.
The exchange said the introduction of the contracts is based on the stock selection criteria prescribed by the Securities and Exchange Board of India (SEBI) and the regulator's approval.
NSE said the market lot and strike price scheme for the three securities will be announced through a separate circular on 25 August 2026. Details of the applicable quantity freeze will also be made available in the contract file before trading commences.
Profit before tax (PBT) climbed 33.73% YoY to Rs 2,276.76 crore in Q1 FY27. Net Interest Income (NII) grew by 14.53 % on YoY to Rs 3,770 crore in Q1FY27 as against Rs 3,292 crore for Q1FY26.
The bank's total global deposits increased 12.93% YoY to Rs 3,44,493 crore, while net advances surged 27.22% to Rs 3,01,934 crore.
Its Retail, Agriculture and MSME (RAM) business grew 25.11% YoY. Retail advances rose 24.59% to Rs 89,661 crore, while MSME advances increased 23.17% to Rs 55,386 crore.
On the asset quality front, gross non-performing assets (GNPA) improved to 1.45% as of 30 June 2026 from 1.74% a year earlier, while net NPA improved to 0.13% as on 30th June 2026 from 0.18% as on 30th June 2025. The provision coverage ratio improved to 98.55% as on 30th June 2026 from 98.36% recorded in the year-ago period.
As of 30 June 2026, the bank's total Basel III capital adequacy ratio stood at 18.64%, including a Common Equity Tier 1 (CET1) ratio of 15.56%.
Bank of Maharashtra is engaged in providing banking services. The bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and other banking operations.
The bank's total deposits grew 13% YoY to Rs 3.44 lakh crore from Rs 3.05 lakh crore a year earlier.
Global advances increased 27% YoY to Rs 3.06 lakh crore, compared with Rs 2.41 lakh crore in the corresponding period last year. Within the loan book, RAM (Retail, Agriculture and MSME) advances rose 25% to Rs 1.87 lakh crore, while domestic corporate advances grew 21% to Rs 1.11 lakh crore.
The bank's CASA ratio stood at 49% at the end of the June quarter, compared with 50% a year earlier.
The bank’s standalone net profit increased 34.89% year-on-year (YoY) to Rs 2,014.09 crore in Q4 FY26, compared with Rs 1,493.08 crore in Q4 FY25. Total income for the quarter ended 31 March 2026 increased 12.79% YoY to Rs 8,693.04 crore, compared with the corresponding quarter of the previous year.
The scrip rose 0.61% to Rs 89.09 on the BSE.
Bank of Maharashtra has reviewed and revised the Marginal Cost of Funds Based Lending Rate (MCLR) effective 30 May 2026 as under:
Tenor
Rate (%)
Overnight
7.50
One month
8.30
Three month
8.55
Six month
8.70
One year
8.85