Bank of Baroda announced its financial results for the first quarter ended June 30, 2026 (Q1 FY27), reporting a strong performance. The bank’s global business reached INR 30.5 lakh crore, with a 15.4% YoY growth. Net profit, excluding a one-time settlement impact, was INR 5,528 crore, a significant increase from the previous year. The bank also highlighted robust growth in advances, deposits, and asset quality metrics.
Bank of Baroda Reports Strong Q1 FY27 Performance
Bank of Baroda has announced robust financial results for the first quarter ended June 30, 2026 (Q1 FY27). The bank’s global business reached an impressive INR 30.5 lakh crore, marking a 15.4% year-on-year growth. This growth was driven by a 17.4% increase in global advances and a 13.8% rise in total deposits.
Key Financial Highlights
Profitability
The bank reported an operating profit of INR 8,127 crore. After accounting for a one-time settlement of USD 600 million related to a legacy litigation issue, the net profit stood at INR 1,278 crore. However, excluding the impact of this exceptional item, the net profit for the quarter was a strong INR 5,528 crore. Return on assets (ROA) was 0.25%, or 1.10% excluding the exceptional item, and return on equity was 3.89%, or 16.57% excluding the exceptional item.
Advances Growth
Global advances grew by 17.4% YoY, with domestic advances up by 16.1% and international advances by 23.3%. The bank saw significant growth in its retail book (18.4%), agriculture (18.7%), and MSME (20.3%) segments. Corporate loans grew by 15.3% YoY.
Deposit Growth
Total deposits increased by 13.8%, with domestic deposits rising by 14.7% and international deposits by 8.9%. Domestic CASA deposits grew by 10%, and term deposits saw a growth of 17.8% YoY. The domestic credit-deposit ratio stood at 83.31%, and the CASA ratio was 37.72%.
Asset Quality and Capital Adequacy
The bank’s asset quality remained robust, with the GNPA ratio improving to 1.99% and Net NPA at 50 bps. The Provision Coverage Ratio stood at a comfortable 93.28%. Capital adequacy remained strong, with CET1 at 13.9%, Tier1 at 14.41%, and CRAR at 16.30%.
Guidance for FY27
The bank reiterated its guidance for credit growth at 12-14% and deposit growth at 10-12%. The Net Interest Margin (NIM) is expected to remain between 2.75% to 2.95%.
NMC Case Settlement
The bank also provided an update on the NMC case, confirming an out-of-court settlement for USD 600 million, paid on July 1, 2026. This settlement resolves all claims without admission of liability, and its financial impact has been fully absorbed in the Q1 FY27 profit and loss account.
Source: BSE
