Bank of Baroda delivered a stellar performance for the quarter and year ended March 31, 2026. The bank achieved its highest-ever quarterly net profit of ₹5,616 crore, marking an 11.2% year-on-year growth. Global business volume crossed the ₹30 lakh crore milestone, reaching ₹30.78 lakh crore. Profitability remained robust with a 1.15% Return on Assets for the quarter, underscoring strong asset quality and consistent business expansion across domestic and international markets.
Financial Highlights for the Quarter
Bank of Baroda reported impressive financial results for the quarter ended March 31, 2026. The bank’s operating profit for the quarter stood at ₹9,069 crore, representing an 11.5% year-on-year increase. Despite absorbing a one-time ₹520 crore employee cost related to new mortality table requirements, the bank maintained strong profitability metrics.
Full-year results were equally significant, with the bank posting an annual net profit of ₹20,021 crore, the highest in its history. Return on assets (ROA) for the full fiscal year was 1.06%, with Return on Equity (ROE) reaching 15.39%.
Business Volume and Advances
The bank surpassed a major milestone, with global business volume reaching ₹30.78 lakh crore, a 13.9% year-on-year growth. Global advances grew by 16.2%, driven by domestic growth of 14.5% and international growth of 24.4%. The bank’s focus on RAM (Retail, Agriculture, and MSME) advances continues to yield results, with organic retail book growth of 17.9%, agriculture up 20.7%, and MSME growth of 15.6%.
Asset Quality and Capital Adequacy
Asset quality remains robust, with the Gross NPA (GNPA) ratio improving to 1.89%, a 37 bps improvement year-on-year. The Net NPA ratio is now comfortably below 1%, standing at 0.45%. The bank’s Provision Coverage Ratio (PCR) is a strong 93.94%.
Capital position continues to be sound with a CET-1 ratio of 13.16% and an overall CRAR of 15.82%. The bank has declared a dividend of ₹8.5 per share, subject to necessary approvals.
Strategic Outlook and Future Guidance
Looking ahead, the bank has upsized its loan growth guidance to 12-14% and deposit growth guidance to 10-12%. The management remains focused on maintaining a strong balance sheet while navigating global geopolitical headwinds. The bank has also successfully operationalized its primary dealer business and is moving forward with plans for its pension fund subsidiary, further diversifying its revenue streams.
Source: BSE
