Bank of Baroda has reported its highest-ever net profit of ₹20,021 crore for the financial year ending March 31, 2026, representing a 2.2% growth over the previous year. The bank demonstrated strong business expansion, with total business reaching ₹30,78,366 crore, a 13.9% increase. Enhanced asset quality metrics, including a decline in GNPA ratio to 1.89%, underscore the bank’s resilient operational and financial health across all major segments.
Annual Financial Performance
Bank of Baroda concluded FY26 on a strong note, achieving a net profit of ₹20,021 crore. The bank’s Net Interest Income (NII) for the year stood at ₹47,682 crore, marking a 2.5% increase. Despite a challenging environment, the bank maintained robust operational stability, with an operating profit of ₹32,259 crore. The bank’s focus on sustainable growth is reflected in its Return on Equity (ROE) of 15.39%.
Business Growth and Portfolio Expansion
The bank saw significant expansion in its business portfolio. Global Deposits grew by 12.0% to reach ₹16,48,487 crore, while Global Advances rose by 16.2% to ₹14,29,879 crore. Domestic advances specifically saw strong momentum, with the retail segment growing by 17.9% to ₹3,02,598 crore, driven by focused lending in agriculture and MSME sectors, which contribute significantly to the total domestic credit mix.
Asset Quality and Capital Strength
Asset quality has shown marked improvement, with the GNPA ratio reducing by 37 bps to 1.89% and the NNPA ratio improving to 0.45%. This recovery reflects disciplined credit management and robust recovery efforts. Furthermore, the bank remains well-capitalized with a Capital Adequacy Ratio of 15.82%, ensuring a strong foundation for future lending and business opportunities.
Digital Transformation and Sustainability
Innovation remains a cornerstone of the bank’s strategy, with 97% of transactions now conducted digitally. Key digital initiatives include the integration of the Udyam API for current accounts and the launch of Credit Line on UPI for women SHG members. In its commitment to sustainability, the bank has mobilized ₹1,899.12 crore in Green Deposits and successfully raised ₹10,000 crore through its inaugural Long-Term Green Infrastructure Bonds, further solidifying its leadership in the sustainable finance space.
Source: BSE
