Bank of Maharashtra : Investor Meet Intimation

AX1/ISD/STEX/44/2024-25	Date: 12th June, 2024
The General Manager	The Vice President
Department of Corporate Services,	Listing Department,
BSE Ltd.,	National Stock Exchange of India Ltd.,
P.J Towers,	Exchange Plaza,
Dalal Street, Fort,	Bandra Kurla Complex,
Mumbai-400 001	Bandra (East), Mumbai-400 051
BSE Scrip Code: 532525	NSE Scrip Code: MAHABANK

Dear Sir / Madam,

Sub: Schedule of Non Deal Road Shows/ Analyst/ Institutional Investor Meet of Bank of Maharashtra

The Exchange is hereby informed that the Bank will be participating in Non-deal Road shows and meeting with prospective investors from 18.06.2024 to 21.06.2024.

Please note that no unpublished price sensitive information is proposed to be shared during the meeting(s). A copy of the investor presentation is enclosed. The same is also available on the website of the Bank at www.bankofmaharashtra.in.

Note: The dates of the Analyst/ Institutional Investor Meet are subject to change. Changes may happen due to exigencies on the part of investors/ Bank.

The above is submitted in compliance of disclosure of material event / information under Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended read with corresponding circulars and notifications issued thereunder.

Thanking you.

Yours faithfully,

For Bank of Maharashtra

NEHAL Digitally signed by NEHAL RAWAT

RAWATDate: 2024.06.12 20:32:07 +05'30'

(Nehal Rawat)

Company Secretary & Compliance Officer

Encl : Investor Presentation

प्रधान कार्ाालर्/ Head Office: "Lokmangal", 1501, Shivajinagar, Pune - 411005

टेली/Tel.: [phone] ईमेल/ Email: [e-mail] वेबसाइट/ Website: www.bankofmaharashtra.in

INVESTOR

PRESENTATION

Disclaimer

This presentation has been prepared for general information purposes in respect of Bank of Maharashtra ("Bank") together with its subsidiary and associate, as applicable (together, with the Bank, the "Group") only, without regard to any specific objectives, suitability, financial situations and needs of any particular person and does not constitute any recommendation or form part of any offer or invitation, directly or indirectly, in any manner, or inducement to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Bank in any jurisdiction, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment therefor. This presentation does not solicit any action based on the material contained herein. Nothing in this presentation is intended by the Group to be construed as legal, accounting or tax advice.

This presentation has not been approved and will not or may not be reviewed or approved by any statutory or regulatory authority in India or by any Stock Exchange in India.

This presentation contains certain forward-looking statements relating to the business, financial performance, strategy and results of the Group and/or the industry in which it operates. Forward-looking statements are statements concerning future circumstances and results, and any other statements that are not historical facts, sometimes identified by the words including, without limitation "believes", "expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets", and similar expressions. The forward-looking statements, including those cited from third party sources, contained in this presentation are based on numerous assumptions and are uncertain and subject to risks. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Neither the Group nor its affiliates or advisors or representatives nor any of its or their parent or subsidiary undertakings or any such person's officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this presentation or the actual occurrence of the forecasted developments. Forward-looking statements speak only as of the date of this presentation and are not guarantees of future performance. As a result, the Group expressly disclaims any obligation or undertaking to release any update or revisions to any forward-looking statements in this presentation as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based. Given these uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. Certain numbers in these presentations and materials have been subject to routine rounding off and accordingly figures shown as total in tables and diagrams may not be an arithmetic aggregation of the figures that precede them.

The information contained in these presentations and materials are only current as of the dates specified herein and have not been independently verified. None of the Group, its directors, promoter or affiliates, nor any of its or their respective employees, advisers or representatives or any other person accepts any responsibility or liability whatsoever, whether arising in tort, contract or otherwise, for any errors, omissions or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred howsoever arising, directly or indirectly, from any use of this presentation or its contents or otherwise in connection with this presentation, and makes no representation or warranty, express or implied, for the contents of this presentation including its accuracy, fairness, completeness or verification or for any other statement made or purported to be made by any of them, or on behalf of them, and nothing in this presentation or at this presentation shall be relied upon as a promise or representation in this respect, whether as to the past or the future. Past performance is not a guide for future performance. The information contained in this presentation is current, and if not stated otherwise, made as of the date of this presentation. The Group undertakes no obligation to update or revise any information in this presentation as a result of new information, future events or otherwise. Any person/ party intending to provide finance/ invest in the shares/ businesses of the Group shall do so after seeking their own professional advice and after carrying out their own due diligence procedure to ensure that they are making an informed decision.

Strictly Private and Confidential	© 2024 Bank of Maharashtra. All Rights Reserved
2

Disclaimer

This presentation includes certain industry data and projections that have been obtained from industry publications and surveys. Industry publications and surveys and forecasts generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance that the information is accurate or complete. Neither the Bank nor any of its advisors or representatives have independently verified any of the data from third-party sources or ascertained the underlying economic assumptions relied upon therein. All industry data and projections contained in this presentation are based on data obtained from the sources cited and involve significant elements of subjective judgment and analysis, which may or may not be correct. For the reasons mentioned above, you should not rely in any way on any of the projections contained in this presentation for any purpose

This presentation is not a prospectus, a statement in lieu of a prospectus, an offering circular, an advertisement or an offer document under the Companies Act, 2013, as amended, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, or any other applicable law in India

This presentation is strictly confidential and may not be copied or disseminated, reproduced, re-circulated,re-distributed, published or advertised in any media, website or otherwise, in whole or in part, and in any manner or for any purpose. Any unauthorized use, disclosure or public dissemination of information contained herein is prohibited. No person is authorized to give any information or to make any representation not contained in or inconsistent with this presentation and if given or made, such information or representation must not be relied upon as having been authorized by any person. Failure to comply with this restriction may constitute a violation of the applicable securities laws. Neither this document nor any part or copy of it may be distributed, directly or indirectly, in the United States. The distribution of this document in certain jurisdictions may be restricted by law and persons into whose possession this presentation comes should inform themselves about and observe any such restrictions. Accordingly, any persons in possession of this document should inform themselves about and observe any such restrictions. By reviewing this presentation, you agree to be bound by the foregoing limitations. You further represent and agree that you are located outside the United States and you are permitted under the laws of your jurisdiction to receive this presentation. You may not repackage or sell the presentation. Information contained in a presentation hosted or promoted by the Group is provided "as is" without warranty of any kind, either expressed or implied, including any warranty of fitness for a particular purpose

This presentation has been prepared for publication in India and may not be released in the United States.This presentation is not an offer to sell or a solicitation of any offer to buy the securities of the Bank in the United States or in any other jurisdiction where such offer or sale would be unlawful. Securities may not be offered, sold, resold, pledged, delivered, distributed or transferred in to or within the United States absent registration under the United States Securities Act of 1933, as amended (the "Securities Act"), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer and that will contain detailed information about the issuer and management, as well as financial statements. The Bank will not and does not intend to register any present or proposed offering in the United States.

The distribution of these materials in certain jurisdictions may be restricted by law and persons into whose possession these materials come should inform themselves about and observe any such restrictions.

This presentation is for general information purposes only, without regards to any specific objectives, financial situations or informational needs of any particular person. The Bank may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes.

By accessing this presentation, you accept this disclaimer and any claims arising out of or in connection with this presentation shall be governed by the laws of India and only the courts in the concerned state in India and no other courts shall have jurisdiction over the same

Strictly Private and Confidential	© 2024 Bank of Maharashtra. All Rights Reserved
3

Table of Contents

1		Bank of Maharashtra Overview		6
2		Key Financial Highlights		9
3		Key Growth Strategies		31
4		Annexures		33

Strictly Private and Confidential	© 2024 Bank of Maharashtra. All Rights Reserved
4

Abbreviations

Abbreviation	Meaning
AFS	Available for Sale
CASA	Current Account & Savings Account
CRAR	Capital to Risk Weighted Asset Ratio
GNPA	Gross Non-Performing Asset
HFT	Held for Trading
LCR	Liquidity Coverage Ratio
LAD	Loan against Deposit
LAP	Loan against Property
NII	Net Interest Income
NNPA	Net Non-Performing Asset
NSFR	Net Stable Funding Ratio
PCR	Provision Coverage Ratio
PPOP	Pre Provision Operating Profit
RAM	Retail, Agri & MSME
ROA	Return on Asset
ROE	Return on Equity
RWA	Risk Weighted Asset
SLR	Statutory Liquidity Ratio
TWO	Technically Written Off

Strictly Private and Confidential	© 2024 Bank of Maharashtra. All Rights Reserved
5

Bank of Maharashtra - An Overview

Strictly Private and Confidential

Overview

Brief Snapshot

• Founded in 1935, Bank of Maharashtra ("BoM") has a legacy of more than 89 years
• BoM has a customer base of approximately 3.02 Crore as of Mar`24
• Offers diversified products & services to Retail, Wholesale, Small and Medium enterprises, and agriculture customers
• Wide distribution network comprising 2,556 full-service domestic outlets including 67 fixed customer service points, with 46% in Maharashtra. It also has 1,901 ATMs & 3,342 Business Correspondents as of Mar`24
• BoM has 13,499 employees across verticals as on Mar`24

Credit Rating

Long Term Ratings

(Tier II Bonds)

Rating Agency:

ICRA/ CARE/

INFOMERICS / ACUITE

Rating: AA+ (Stable)

Short Term Ratings

Rating Agency: CRISIL

Rating: A1+

Shareholding Pattern

(As of Mar`24)

Mutual funds/	Domestic
UTI; 0.41%	Companies; 0.44%	Individual
FIIs, NRIs		s; 7.16%
OCBs; 1.25%
Banks/ FIs/
Insurance
Co; 4.27%

Govt of

India;

86.46%

Bank of Maharashtra statistics (As of Mar`24)

Gross	Deposits:	NII1:	Net Interest	Operating	Net Profit1:
Advances:	Margin1:	Profit1:
₹ 2,70,747 Cr	₹ 9,822 Cr	₹ 4,055 Cr
₹ 2,03,664 Cr	3.92%	₹ 8,005 Cr
		PCR incl. TWO:	Book Value	ROA1|
CASA:	GNPA | NNPA:	98.34%	Tier 1 | CRAR:
per share:	ROE1:
52.73 %	1.88% | 0.20%	PCR excl. TWO:	13.72 % | 17.38 %
₹ 24.26*	1.50% | 23.83%
		89.88%
*Excluding revaluation reserve and DTA		Strictly Private and Confidential	© 2024 Bank of Maharashtra. All Rights Reserved
1. FY 23-24 Data for 12 Months ending Mar`24
	7

Robust Banking Franchise

01 Consistent improvement in financial performance

BoM has achieved financial turnaround over the past 3 years.

Growth in Gross Advances (16% Y-o-Y)2 and Deposits (16% Y-o-Y)2.

03 One of the Highest CASA ratio (52.73%)1 in the banking industry

Higher CASA resulting in one of the lowest cost of deposits (4.34%)1 among PSBs and healthy NIMs (3.92%)3.

05

Healthy adoption of digital channels

Emphasis on leveraging & improving digital technological capabilities.

07

Well capitalized with CRAR1 at 17.38% for future growth

02 A relatively stable and granular RAM portfolio

more than half of the asset base (61% of gross advances)1 results in a diversified asset base with a focus on the retail and mid-corporate segment.

The bank's RAM loan portfolio grew by (24% Y-o-Y)2.

04 Steadily improving asset quality

Reduction in GNPA, NNPA aided by lower addition of fresh slippages.

BoM's NNPA ratio is one of the lowest in the Banking Industry.

06
Strong network across Pan India
	2,556 banking outlets across all States and UTs with
	dominance in industrially developed states of Western
	India i.e. Maharashtra & Gujarat.

08

Highly qualified management team with demonstrated track record and experience.

1.	As of 31st Mar, 2024					Strictly Private and Confidential	© 2024 Bank of Maharashtra. All Rights Reserved
2.	Y-o-Y Growth for 31	st	Mar, 2024 over 31	st	Mar, 2023
		8
3.	FY 23-24 Data for 12 Months ending Mar`24

Key Financial Highlights

Strictly Private and Confidential