CRISIL reaffirms Bank of Maharashtra at CRISIL A
Bank of Maharashtra (MAHABANK) said CRISIL has reaffirmed its credit rating at CRISIL A. The company is valued at about ₹61,994 crore.
What happened
Bank of Maharashtra (MAHABANK) told the exchanges on 4 November 2026 at 11:06 AM that CRISIL has reaffirmed its credit rating at CRISIL A.
From the filing: "Crore) Rating action Verification status of rating agencies 1."
Company snapshot
Bank of Maharashtra is a mid-cap company in the Financial Services sector, with a market value of about ₹61,994 crore.
The stock last traded at ₹80.6, against a 52-week range of ₹55.51–₹94.5 (14.7% below the high).
Before this filing the shares had moved +0.1% over the month and +1.8% over three months. Average daily turnover over the last 20 sessions was about ₹117 crore.
Promoters held 73.60% at the end of Q2 FY27. Foreign institutions owned 6.51% and domestic institutions 13.77%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q2 FY26 | 7,974 | 1,668.6 | 2.17 |
| Q3 FY26 | 8,277 | 1,799 | 2.34 |
| Q4 FY26 | 8,693 | 2,044.9 | 2.66 |
| Q1 FY27 | 9,064 | 2,023.3 | 2.63 |
| Q2 FY27 | 9,736 | 2,136.5 | 2.78 |
What history shows
BCEIE's records show 6 previous credit rating filings from the company since May 2026.
After those filings, the stock fell 1.6% on average the next trading day and was down 5.0% on average after five days (6 filings with price data).
Across 207 similar disclosures by other Financial Services companies, shares moved +0.1% on average the next day and −0.1% over five days; 47% of them rose the next day.
Market-wide, 1,405 credit rating filings with an impact score of 50 or more saw an average next-day move of +0.1%, with 46% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 24 Sept 2026 | Intimation of Credit Ratings of the Notes under MTN Programme by… | −1.9% | — |
| 21 Sept 2026 | Intimation of Credit Ratings of the Notes under MTN Programme by S&P… | +2.3% | −3.7% |
| 7 Sept 2026 | Intimation of Credit Rating of the Euro Medium Term Note Programme… | −0.5% | −6.4% |
| 7 Sept 2026 | Intimation of Credit Rating of the Euro Medium Term Note Programme… | −0.5% | −6.4% |
| 21 Jul 2026 | Credit rating | −4.0% | −1.2% |
What to watch
- Whether other agencies take a similar view on the company's credit.
In the news
Recent coverage elsewhere (links open the original publisher):
- Bank of Maharashtra Q2 net profit rises 41% to Rs 2,310 crore; NII up 22%
- Core income drives Bank of Maharashtra profit 41% up at Rs2,310 cr
- Bank of Maharashtra Q2 net jumps 41% to ₹2,310 crore
- Bank of Maharashtra reports 41% jump in Q2FY27 net profit at ₹2,310 crore
- Bank of Maharashtra Q2 Results: Net profit jumps 41% as NII rises 22%; asset quality improves
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.