The investment figure provided by S&P will help Bank of Maharashtra to reduce the costs of funds and also enabled the capital of the overseas market to withdraw at a better rate. | Photocredit: Santosh Mishra
State Bank of Maharashtra (BOM) said on Thursday that the worldwide rating agency S&P has assigned the ‘BBB-‘ with a ‘stable’ prospect, which underlines the strong financial foundations of the bank.
The investment figure provided by the rating agency will help the bank to lower the costs of funds and also enable the capital of the overseas market at a better rate.
Recently, S&P has revised the sovereine rating from India to ‘BBB/Stable’.
S&P Global Rating has assigned the bank a standing credit profile (SACP) of ‘BBB’, which underlines its strong financial foundations and sound management practices, BOM said in a statement.
This recognition marks an important milestone, which places the bank three notches above its current assessment of ‘BB’ by Fitch Ratings, and reflects the progress and resilience of the institution, it said.
S&P said that the rating reflects the robust capitalization of the bank, a solid financing basis and a healthy liquidity.
The stable prospects indicate that the lender is expected to retain his financial strength in the next two years, even if the performance moderates.
“This international recognition is proof of our improving performance and the trust our stakeholders in us in the US. We continue to commit ourselves to maintaining the highest standards and stimulating sustainable growth,” said Nidhu Saxena, MD & CEO of the bank.
With this rating, Bank of Maharashtra joins a select group of Indian banks in the public sector recognized by S&P Global Ratings, which improves its credibility in global investors, strategic partners and regulatory institutions, the statement added.
Published on September 25, 2025
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