Q1 2025 Bank of Maharashtra Ltd Earnings Call Transcript
Key Points
- Bank of Maharashtra (BOM:532525) reported a year-over-year growth of 13.5% in total business, reaching INR4.76 lakh crores.
- Advances grew by 19% year-over-year, amounting to INR2.09 lakh crores.
- The bank's CASA (Current Account Savings Account) share stands at a healthy 50%.
- The GNPA (Gross Non-Performing Assets) and NNPA (Net Non-Performing Assets) numbers are maintained at healthy levels, with a PCR (Provision Coverage Ratio) of 98.36%.
- The bank has introduced several initiatives to retain and attract deposits, including special schemes with better interest rates and a focus on government and departmental relationships.
- The credit growth is outpacing deposit growth, leading to intense competition in the deposit segment.
- The yield on advances declined by 18 basis points quarter-on-quarter, partly due to regulatory changes affecting penal interest charges.
- The agriculture sector, despite showing growth, continues to have high NPA levels, although it is on a reducing trend.
- The bank's capital adequacy ratio has seen a slight decline, although it remains above regulatory requirements.
- There is a need for increased provisioning for infrastructure loans as per new RBI guidelines, which could impact profitability.
Ladies and gentlemen, good evening and welcome to the Q1 FY25 conference call. (Operator Instructions) Please note that this conference is being recorded. We have with us from the management, Shri. Nidhu Saxena, Managing Director and Chief Executive Officer; Shri. Asheesh Pandey, Executive Director; Shri Rohit Rishi, Executive Director; and all General Managers of the bank.
I now hand the conference over to Shri. Nidhu Saxena. Thank you and over to you.
Thank you. Good afternoon, and thank you, everyone, for joining this con call, and we are here with the Q1 performance for FY24, '25. And data by this time has reached you must have also seen that. So broadly, I will just said in my opening statement, talk about few parameters and then straight away we can go for the quires and question answer.
So our total business has seen Y-o-Y growth of 13.5% stood at INR4.76 lakh crores. Advances grew by 19% at INR2.09 lakh crores. Total deposit grew by 9% Y-o-Y stood at 2
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