MUMBAI — Bank of Baroda announced its financial results for the first quarter ended June 30, 2026, delivering sustained strong growth momentum driven by robust advances and healthy asset quality. The bank’s total Global Business reached ₹30,50,457 crore, registering a growth of 15.4% year-on-year. Global Advances expanded by 17.4% to ₹14,16,898 crore, while Domestic Advances rose by 16.1% to ₹11,50,906 crore. The growth was led by organic Retail Advances, which grew 18.4% YoY behind strong performance in Auto Loans (25.3%), Mortgage Loans (27.4%), Home Loans (14.7%), and Education Loans (10.8%). Agriculture and MSME portfolios grew by 18.7% and 20.3% respectively, taking the RAM (Retail, Agriculture, and MSME) portfolio share in total advances to 62.9%. On the liability side, Global Deposits increased by 13.8% to ₹16,33,559 crore, with Domestic CASA deposits growing 10% YoY to ₹5,21,149 crore.
For Q1FY27, Net Interest Income expanded by 9.5% YoY to ₹12,524 crore, while Non-Interest Income stood at ₹3,470 crore, augmented by treasury income of ₹893 crore and recovery from written-off accounts of ₹1,006 crore. Global Net Interest Margin was recorded at 2.77%, with Domestic NIM at 2.93%. Operating Profit for the quarter stood at ₹8,127 crore. The bank reported a quarterly Net Profit of ₹1,278 crore after absorbing a one-off exceptional item of USD 600 million (₹5,680 crore). Excluding this exceptional settlement payout, the bank’s Net Profit would have stood at ₹5,528 crore, reflecting an adjusted Return on Assets of 1.10% and Return on Equity of 16.57%.
The bank maintained strong asset quality with the Gross NPA ratio improving by 29 bps YoY to 1.99%, and Net NPA declining by 10 bps YoY to 0.50%. Balance sheet strength was further reinforced by a high Provision Coverage Ratio of 93.28% including technical write-offs, while credit cost declined to 0.29% compared to 0.55% in Q1FY26. Capital adequacy remained healthy, with the Capital To Risk Assets Ratio (CRAR) standing at 16.30% as of June 30, 2026, supported by a Tier-I capital ratio of 14.41%.