Bank of Maharashtra

- On page 18, the management did not explicitly mention any new or planned fundraising through debt or equity in the current or future quarters. - They discussed the investment book and accumulation of securities with short to medium-term maturities to benefit from rising yields, but no mention of raising funds through debt or equity issuance. - Management addressed credit growth and loan sanctioning pipelines but did not highlight any capital raising plans. - Discussions mainly focused on deposit growth, investment strategy, provisioning, and operational improvements, with no explicit commentary on fresh fundraising initiatives.

- The bank is heavily investing in digital transformation with a total budget of around INR 1,200 crore allocated for digital initiatives. - Focus areas for digital spend include digital journeys, digital operations, and digital compliance under the project named "Parivartan." - The bank has onboarded Boston Consulting Group (BCG) as a consultant for this digital transformation. - Robotic Process Automation (RPA) is a key component, with plans to have over 25-30 processes live next quarter and to cross 60 processes within the year. - Investments also focus on leveraging technology for credit sourcing, underwriting, and monitoring. - No specific mention of other capital expenditure outside digital technology and IT infrastructure in the current disclosures.

- Bank of Maharashtra targets credit growth of 20% to 22% advances growth for FY24. - Deposit growth is expected to normalize around 14% to 15% during the year. - The bank aims for a business size of INR 5,00,000 crore by March 2024. - Credit growth is planned to maintain a 60:40 mix between corporate and non-corporate sectors. - Retail, Agriculture, and MSME sectors (RAM) contribute about 58.25% of advances, with growth rates of 25% (retail), 22% (agriculture), and 29% (MSME) respectively. - The bank anticipates improved asset monitoring and digital initiatives to support growth and reduce stress assets. - Net Interest Income (NII) growth is expected to be double-digit, supported by improved funding and interest rates. - Digital transformation, including robotic process automation, is expected to enhance efficiency and customer service, supporting future growth.

- Credit growth target maintained at 20%-22% for FY24, with advances expected around INR 13,000-14,000 crore per quarter. - Total business targeted at INR 5,00,000 crore by March 2024. - Deposit growth expected around 14%-15% for the current year. - Net Interest Income (NII) is projected to have double-digit growth due to better funding and comfortable liquidity. - Net Profit rose 95% YoY to INR 882 crore in Q1 FY24, indicating strong earnings momentum. - Operating profit grew to INR 1,863 crore in Q1 FY24 from INR 1,202 crore in Q1 FY23. - Return on Assets (ROA) expected to remain stable in the range of 1.3%-1.4%. - Provisioning costs expected to stabilize around INR 2,000-2,500 crore, credit costs near 1%, supporting consistent profitability. - Digital investment and operational efficiency efforts expected to sustain performance improvements.

- The sanctioned but undrawn order book is around INR 7,000 to 8,000 crore. - Some projects in the order book take time to complete, causing a fluctuating undrawn amount. - The June quarter is considered a flat quarter, which may temporarily increase numbers. - The management expects the order book to come down in subsequent quarters as projects progress.