Bank of Baroda reported a 12.3% increase in total business, reaching ₹28,91,653 crore. Net profit rose by 4.5% to ₹5,055 crore. The bank highlighted key performance drivers, including net interest margin, return on assets, and return on equity. The bank maintains a strong asset quality with improved provision coverage ratios and is actively involved in sustainability initiatives.
Financial Highlights
In Q3FY26, Bank of Baroda demonstrated robust financial performance:
- Total business grew by 12.3% to ₹28,91,653 crore.
- Domestic deposits increased by 11.1%, reaching ₹13,07,189 crore.
- Global advances rose by 14.7%, totaling ₹13,44,904 crore.
- Net profit increased by 4.5% to ₹5,055 crore.
Key Performance Indicators
The bank’s performance was driven by improvements in several key areas:
- Net Interest Margin (NIM) remained strong at 2.93%.
- Return on Assets (ROA) stood at 1.09%.
- Return on Equity (ROE) was recorded at 15.59%.
Asset Quality
Bank of Baroda maintained a strong asset quality profile:
- GNPA Ratio decreased to 2.04%.
- NNPA Ratio remained low at 0.57%.
- Provision Coverage Ratio (Including TWO) was at 92.73%.
Digital Initiatives
The bank has intensified its focus on digital banking:
- 96% of transactions were done digitally.
- Digital channels facilitated 2.63 Lac merchant acquisitions.
- Total Digital Sanctions reached a value of ₹9184 crore.
Sustainability and Social Responsibility
Bank of Baroda is actively engaged in various sustainability initiatives:
- The bank has set a target for net-zero emissions by 2057.
- Implemented energy-efficient measures across its buildings.
- Promoted digital transactions to reduce paper usage.
- Bank has extended loans to 4,00,234 SHGs with total outstanding amount of INR 14,772 crores.
Source: BSE
