Bank of Maharashtra shares give up gains after hitting 52-week high in response to Q3 update

Shares of Bank of Maharashtra Ltd. gained as much as 3% on Monday, January 5, after the lender reported its business update for the third quarter. The stock then cooled off from its intraday high.

The state-run lender's total deposits increased by 15.3% to ₹3.21 lakh crore as on December 31, 2025. Meanwhile, the lender's total business was up by 17.24% to ₹5.95 lakh crore.

Its current account savings

account (CASA) deposits increased 15.93% from the previous year to ₹1.59 lakh crore.

Its CASA ratio expanded by 27 basis points to 49.55% from 49.28%.

Bank of Maharashtra's global advances increased by 19.61% to ₹2.73 lakh crore from ₹2.28 lakh crore last year.

Its domestic corporate advances increased 14.49% to ₹98,618 crore, while its global corporate advances were up 18.57% at ₹1.02 lakh crore.

On another note, last month, the Centre confirmed its stake sale in the lender, by announcing an offer for sale (OFS), which received a strong response.

At first, the Centre intended to divest up to 5% stake in Bank Of Maharashtra in order to make it compliant with the minimum public shareholding (MPS) norms. However, it later decided to exercise the green shoe option, taking the total stake divestment to 6%.

Prior to the OFS, the Centre's stake in the lender was 79.6%.

Shares of Bank of Maharashtra gained as much as 3.2% to hit a fresh 52-week high of ₹65.97 apiece. The stock has gained 23% in the past year.

Also Read: CSB Bank shares hit record high after strong Q3 update, extend gains from issue price