Banco Macro S.A.
Banco Macro S.A. (NYSE: BMA) is trading at $68.86, about ₹6,605 at today's USD/INR rate, as of 25 Sep 2026, 4:00 PM ET, down 3.01% today. Indian residents can buy Banco Macro from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$68.51
Today's high
$71.43
52 week low
$39.30
52 week high
$106.15
BMA opened at $71.43, closed previously at $71.00, and has traded between $39.30 and $106.15 over the past 52 weeks.
About
Banco Macro S.A. operates as a leading financial services institution in Argentina, providing a broad spectrum of banking products and solutions to both individual consumers and corporate entities nationwide. For its retail customers, the bank offers essential services such as current and savings accounts, along with term deposit options. It also supplies a range of credit and debit cards, various loan products including personal, consumer finance, mortgage, and auto loans, as well as overdraft facilities. Additional services encompass credit-related support, home and vehicle insurance policies, convenient tax and utility bill payment methods, and money transfer capabilities, all accessible through its extensive network of ATMs. Retail offerings further extend to document discounting and pledged loan options. Corporate clients benefit from a specialized suite of services, including diverse deposit accounts, lending facilities such as working capital and investment project financing, guaranteed loans, and credit lines for international trade. The company also provides check cashing advances, factoring, leasing solutions, and comprehensive cash management services. Other offerings include trust administration, payroll services, financial agency support, corporate credit cards, and other tailored products. Furthermore, the bank facilitates transactional needs through cash management, collection services, supplier payment processing, foreign exchange transactions, and foreign trade support, augmented by information services like Datanet and Interpymes. Short-term and medium-to-long-term corporate financing are also available. Both retail and corporate segments are supported by the bank's digital channels, offering internet and mobile banking services. As of December 31, 2021, Banco Macro maintained a significant physical presence throughout Argentina, operating 466 branches, 1,779 automated teller machines, and 955 self-service terminals, alongside various other customer touchpoints. The institution was founded in 1966 and is headquartered in Buenos Aires, Argentina.
Key statistics
Avg. volume
282.78K
Market cap
$4.40B
P/E Ratio
16.71
Price-to-sales ratio
1.04
Enterprise value
ARS 5.40T
Free cash flow yield
32.64%
Debt-to-equity ratio
0.27
Return on equity
7.73%
ROIC
1.70%
Beta
0.50
Dividend yield
6.37%
Last dividend
$5.19
Financial overview
Revenue
ARS 5.82T
Earnings per share
ARS 5,281.60
Free cash flow
ARS 1.56B
Net profit margin
6.36%
Gross margin
56.90%
EBITDA
ARS 688.93B
Revenue growth
-10.04%
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This is not an investment recommendation
How to buy Banco Macro from India
Indian residents can buy Banco Macro shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for Banco Macro and place an order
Find Banco Macro by name or by its ticker, BMA, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Banco Macro trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Banco Macro position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Banco Macro from India
Trading and taxes when buying Banco Macro from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. Banco Macro’s current yield is 6.37%.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy Banco Macro stock?
Yes. Banco Macro (BMA) has been listed on the New York Stock Exchange since 2006, in the Banks - Regional industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one Banco Macro share cost in rupees?
One Banco Macro share is $68.86 — about ₹6,605 at a USD/INR rate of 95.92 on 25 Sep 2026. Both the Banco Macro price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Banco Macro from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of Banco Macro?
Yes. One Banco Macro share is $68.86, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in Banco Macro.
How are gains on Banco Macro shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Banco Macro price. Paasa issues a capital-gains statement for your return.
Does Banco Macro pay a dividend, and how is it taxed in India?
Yes. Banco Macro pays a dividend and the current yield is 6.37%; the last declared dividend was $5.19 per share, about ₹497.86. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Banco Macro from India?
The New York Stock Exchange trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is Banco Macro a United States company, and does that change how it is taxed?
Banco Macro trades on the New York Stock Exchange in US dollars, but the company is domiciled in Argentina. Banco Macro trades as an American Depositary Receipt rather than an ordinary share. Some non-US companies list in the US through American Depositary Receipts, which can carry dividend withholding at the company's home-country rate. Your India-side capital-gains treatment is the same either way.
Do I have to declare Banco Macro shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Banco Macro holding, its cost and its closing value.
How do I sell Banco Macro and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.