Bank of Baroda Operating Profit Rises 15% YoY to ₹8,236 Cr in Q1FY26

Bank delivers strong operating performance with calibrated growth and resilient asset quality, Quarterly Operating Profit rises by 15% YoY.

Highlights

• Operating Profit grew by 15% YoY to INR 8,236 crore in Q1FY26.
• Bank reported a Net Profit of INR 4,541 crore for Q1FY26 as against INR 4,458 crore in Q1FY25.
• The growth in operating profit was supported by 88% YoY growth in Non-Interest Income to INR 4,675 crore in Q1FY26.
• Growth in Non-Interest income was primarily driven by ~7x growth in Treasury Income which stands at INR 2,226 crore.
• Steady growth in operating income and contained growth in operating expenses led to a YoY reduction of 30 bps in Cost to Income ratio which stands at 48.87% for Q1FY26.
• Return on Assets (ROA) remains above 1% and stands at 1.03% for Q1FY26.
• Return on Equity (ROE) stands at 15.05% for Q1FY26.
• Global Net Interest Margin (NIM) for Q1FY26 is 2.91% with Domestic NIM at 3.06%.
• Bank continues to maintain strong Asset quality with reduction in GNPA by 60 bps YoY to 2.28% from 2.88% in Q1FY26.
• Bank’s NNPA also reduced 9 bps to 0.60% in Q1FY26 as against 0.69% in Q1FY25.
• BOB’s balance sheet remains robust with healthy Provision Coverage Ratio (PCR) of 93.18% with TWO & at 74.04% without TWO.
• Credit cost remains below 0.75% at 0.55% for Q1FY26.
• BOB’s Global Advances registered a growth of 12.6% YoY and Domestic advances grew by 12.4% in Q1FY26 led by robust retail loan book growth.
• Bank’s organic Retail Advances grew by 17.5%, driven by strong growth across segments such as Mortgage Loan (18.6%), Auto Loan (17.9%), Home Loan (16.5%), Education Loan (15.4%) and Personal Loan (19.5%).
• Share of Retail, Agri Loans and MSME Loans (RAM) in advances improved by 300 bps YoY to 62.7%. RAM portfolio grew by 18% in Q1FY26.

Profitability

• Net Profit for Q1FY26 stands at INR 4,541 crore (+1.9% YoY) as against INR 4,458 crore in Q1FY25.
• Net Interest Income for Q1FY26 stands at INR 11,435 crore.
• Non-Interest Income for Q1FY26 stands at INR 4,675 crore up by 88% YoY.
• Global NIM for Q1FY26 stands at 2.91% with Domestic NIM at 3.06%.
• Operating Profit for Q1FY26 increased by 15% to INR 8,236 crore.
• Cost to Income ratio reduced by 30 bps YoY and stands at 48.87% for Q1FY26.
• Return on Assets stands at 1.03% for Q1FY26.
• Return on Equity stands at 15.05% for Q1FY26

Asset Quality

• The Gross NPA of the Bank reduced by 10.7% YoY to INR 27,572 crore in Q1FY26 and Gross NPA Ratio improved to 2.28% in Q1FY26 from 2.88% in Q1FY25.
• The Net NPA Ratio of the Bank also reduced by 9 bps to 0.60% in Q1FY26.
• The Provision Coverage Ratio of the Bank stood at 93.18% including TWO and 74.04% excluding TWO for Q1FY26.
• Slippage ratio stands at 1.16% for Q1FY26.
• Credit cost stands at 0.55% for Q1FY26.

Capital Adequacy

• CRAR of the Bank stands at 17.61% in Jun’25. Tier-I stood at 15.15% (CET-1 at 14.12%, AT1 at 1.03%) and Tier-II stood at 2.46% as of Jun’25.
• The CRAR and CET-1 of consolidated entity stands at 18.29% and 14.84% respectively
• The Liquidity Coverage Ratio (LCR) consolidated stands at 119% (approx.).

Business Performance

• Domestic Advances of the Bank increased to INR 9,91,363 crore, +12.4% YoY.
• Global Advances of the Bank increased to INR 12,07,056 crore, +12.6% YoY.
• Domestic Deposits increased by 8.1% YoY to INR 12,04,283 crore in Jun’25.
• Global Deposits increased by 9.1% YoY to INR 14,35,634 crore.
• Domestic CASA deposits registered a growth of 5.5% YoY and stands at INR 4,73,637 crore as of 30th June 2025.
• International Deposits grew by 14.8% on a YoY basis to INR 2,31,351 crore in Jun’25.
• Organic Retail Advances grew by 17.5%, led by strong growth across segments such as Mortgage Loan (18.6%), Auto Loan (17.9%), Home Loan (16.5%), Education Loan (15.4%) and Personal Loan (19.5%) on a YoY basis.
• Agriculture loan portfolio grew by 16.2% YoY to INR 1,61,764 crore.
• Organic MSME portfolio grew by 13.1% YoY to INR 1,35,660 crore.
• Corporate advances registered a growth of 4.2% YoY and stands at INR 3,70,266 crore.

Financial results for Quarter ended 30th June 2025

*Includes Interest on Income Tax Refund of INR 370 crore in Q1FY26, INR 475 Crore in Q4FY25 and NIL in Q1FY25.

Business position

Key Ratios

*Including impact of reclassification of Interest on Income Tax Refund