Global business crosses Rs 30 lakh crore
Mumbai, May 13 (MExN): State-owned lender Bank of Baroda (BoB) has reported its highest-ever quarterly net profit of Rs 5,616 crore for the quarter ended March 31, 2026, registering an 11.2% year-on-year growth, sustaining strong growth momentum with healthy asset quality and robust profitability.
For the full financial year 2025–26, the bank’s net profit crossed the Rs 20,000 crore milestone, rising to Rs 20,021 crore, up 2.2% from the previous year, informed a press release from BoB, announcing Financial Results for the Quarter & Financial Year ended March 31, 2026.
The bank also announced that its Board has recommended a dividend of Rs 8.5 per equity share for Financial Year 2025-26, subject to shareholder and regulatory approvals.
Meanwhile, in another significant achievement, bank said its global business crossed Rs 30 lakh crore as of March 31 Global advances grew 16.2% year-on-year to Rs 14.29 lakh crore, while global deposits rose 12% to Rs 16.48 lakh crore.
The bank’s Net Interest Income (NII) for the March quarter stood at Rs 12,494 crore, up 8.7% year-on-year, while operating profit increased 11.5% to Rs 9,069 crore. For the full year, operating profit stood at Rs 32,259 crore.
On the asset quality front, Bank of Baroda continued to strengthen its balance sheet, with its Gross Non-Performing Asset (GNPA) ratio improving to 1.89%, compared to 2.26% a year earlier. The Net NPA ratio also declined to 0.45% from 0.58% in the corresponding quarter last year.
Retail lending remained a major growth driver, with the bank’s organic retail advances rising 17.9%. The share of retail, agriculture, and MSME lending in the bank’s total advances also improved to 61%.
The bank also maintained a strong capital and liquidity position, with its Capital to Risk-Weighted Assets Ratio (CRAR)at 15.82% as of March 2026 and a Liquidity Coverage Ratio (LCR) of 127%, indicating a healthy buffer to support growth and manage risks.
Financial results for Quarter and Financial Year ended 31stMarch 2026
Particulars (INR crore) | Q4FY25 | Q3FY26 | Q4FY26 | YoY(%) | FY25 | FY26 | YoY(%) |
Interest Income | 31,117 | 31,750 | 32,642 | 4.9 | 1,22,301 | 1,26,994 | 3.8 |
Interest Expenses | 19,622 | 19,950 | 20,148 | 2.7 | 75,783 | 79,311 | 4.7 |
Net Interest Income (NII) | 11,494 | 11,800 | 12,494 | 8.7 | 46,518 | 47,682 | 2.5 |
Non-Interest Income | 4,735 | 3,600 | 3,967 | -16.2 | 15,788 | 15,757 | -0.2 |
Operating Income | 16,229 | 15,400 | 16,460 | 1.4 | 62,306 | 63,439 | 1.8 |
Operating Expenses | 8,097 | 8,024 | 7,391 | -8.7 | 29,871 | 31,180 | 4.4 |
Operating Profit | 8,132 | 7,377 | 9,069 | 11.5 | 32,435 | 32,259 | -0.5 |
Total Provisions (other than tax) and contingencies | 1,552 | 799 | 3,150 | 103.0 | 5,980 | 7,149 | 19.5 |
of which, Provision for NPA Bad Debts Written-off | 1,297 | 559 | 2,566 | 97.9 | 5,170 | 5,694 | 10.1 |
Profit before Tax | 6,581 | 6,578 | 5,919 | -10.1 | 26,454 | 25,110 | -5.1 |
Provision for Tax | 1,533 | 1,524 | 303 | -80.2 | 6,873 | 5,089 | -26.0 |
Net Profit | 5,048 | 5,055 | 5,616 | 11.2 | 19,581 | 20,021 | 2.2 |
Business position
Particulars (INR crore) | Mar 31 2025 | Dec 31 2025 | Mar 31 2026 | YoY (%) |
Domestic deposits | 12,42,169 | 13,07,189 | 14,01,290 | 12.8 |
Domestic CASA | 4,96,462 | 5,02,560 | 5,45,034 | 9.8 |
Global deposits | 14,72,035 | 15,46,749 | 16,48,487 | 12.0 |
Domestic advances | 10,21,112 | 10,96,557 | 11,69,458 | 14.5 |
Of which, retail loan portfolio (Organic) | 2,56,633 | 2,85,786 | 3,02,598 | 17.9 |
Global advances | 12,30,461 | 13,44,904 | 14,29,879 | 16.2 |
Key Ratios
Particulars | Q4FY25 | Q3FY26 | Q4FY26 |
NIM Global % | 2.98 | 2.79 | 2.89 |
Return on Assets (%) | 1.16 | 1.09 | 1.15 |
CRAR (%) | 17.19 | 15.29 | 15.82 |
CET-1 (%) | 13.78 | 12.45 | 13.16 |
Gross NPA (%) | 2.26 | 2.04 | 1.89 |
Net NPA (%) | 0.58 | 0.57 | 0.45 |
PCR (with TWO) (%) | 93.29 | 92.73 | 93.94 |
Source: Bank of Baroda
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