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Informist, Thursday, Nov. 27, 2025

NEW DELHI – S&P Global Ratings reaffirmed its 'BBB' long-term and 'A-2' short-term issuer credit rating for Bank of Maharastra on Thursday with a stable outlook, the bank said in an exchange filing. The rating agency cited the bank's strong capitalisation, above-average credit growth, and greater depositor confidence, as the reasons for the rating affirmation, according to the agency's press release shared by the bank. 

S&P Global mentioned that an upward revision may happen only if the agency raises India's sovereign rating, a scenario unlikely for the next two years. But a downward rating may happen if the bank's above-average credit growth is not backed by timely capital raising, the press release said. 

S&P Global expects a "high likelihood" that Bank of Maharshtra will receive extraordinary support from the government of India in the event of financial distress. It also said the bank has very strong links with the government through the latter's ownership and control.

Bank of Maharashtra's net profit had grown 23% on year to INR 16.33 billion in the September quarter. Its shares Thursday closed 0.8% lower, at INR 59.5 on the National Stock Exchange.  End

Reported by Krity Ambey

Edited by Vandana Hingorani

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