Bank of Maharashtra's Gold Loan Strategy Fuels Growth, Exceeds Expectations

• Bank of Maharashtra's gold loan portfolio nearly doubled to ₹22,000 crore, becoming a key growth driver.
• MD & CEO Nidhu Saxena confirmed prudent management of gold loans, adhering to RBI guidelines and mitigating risks through purity checks and LTV monitoring.
• The bank reported strong Q3FY26 earnings with nearly 20% advance growth and a sector-leading ROE of 23.8%.
• Domestic credit-deposit ratio stands at 83% (excluding IBU), with an optimal target of 82-83% for resource deployment.
• Growth is supported by network expansion (Project 321) and improved deposit traction, with 116 new branches already functional.

Why It Matters: Bank of Maharashtra is leveraging gold loans and strategic expansion to drive significant growth and profitability.