Bank of Baroda FY26 net profit rises 2.2% to $2,111 Mn
Bank of Baroda reported a net profit of $2,111 Mn for FY26, a 2.2% increase from FY25, supported by a 16.2% rise in global advances to $150,775 Mn and a 12% increase in global deposits to $173,827 Mn. Asset quality improved with the GNPA ratio falling to 1.89% and NNPA to 0.45%.
*this image is generated using AI for illustrative purposes only.
Bank of Baroda reported a net profit of $2,111 Mn for the financial year ended March 31, 2026 (FY26), representing a 2.2% increase from $2,065 Mn in FY25. The bank's global advances grew 16.2% year-on-year to $150,775 Mn, while global deposits increased 12% to $173,827 Mn. The bank disclosed these figures in an investor presentation filed with the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in connection with an Investor Engagement Meeting scheduled for June 22, 2026.
Financial Performance
Operating profit for FY26 stood at $3,402 Mn, a marginal decline of 0.5% compared to $3,420 Mn in the previous year. Net interest income (NII) rose 2.5% to $5,028 Mn, while non-interest income decreased by 0.2% to $1,662 Mn. The bank's net interest margin (NIM) for FY26 was 2.89%.
| Financial Performance (USD Mn) | FY25 | FY26 | YoY (%) |
|---|---|---|---|
| Net Interest Income | 4,905 | 5,028 | 2.5 |
| Non-Interest Income | 1,665 | 1,662 | -0.2 |
| Operating Profit | 3,420 | 3,402 | -0.5 |
| Net Profit | 2,065 | 2,111 | 2.2 |
Asset Quality
Bank of Baroda improved its asset quality metrics during the year. The gross NPA (GNPA) ratio improved by 37 basis points to 1.89% in FY26 from 2.26% in FY25. The net NPA (NNPA) ratio also improved by 13 basis points to 0.45% from 0.58% in the previous year. The provision coverage ratio (including technical write-off) stood at 93.94%.
| Asset Quality Metrics | FY25 | FY26 |
|---|---|---|
| GNPA Ratio (%) | 2.26 | 1.89 |
| NNPA Ratio (%) | 0.58 | 0.45 |
| Provision Coverage Ratio (%) | 93.29 | 93.94 |
Business Growth
Domestic deposits grew 12.8% to $147,761 Mn, while international deposits increased 7.5% to $26,066 Mn. On the advances side, domestic gross advances rose 14.5% to $123,315 Mn, and international advances increased 24.4% to $27,460 Mn. Total business, comprising deposits and advances, reached $324,602 Mn, a 13.9% growth over the previous year.
| Business Details (USD Mn) | Mar 31, 2025 | Mar 31, 2026 | YoY (%) |
|---|---|---|---|
| Global Deposits | 155,221 | 173,827 | 12.0 |
| Global Advances | 129,748 | 150,775 | 16.2 |
| Total Business | 284,968 | 324,602 | 13.9 |
Historical Stock Returns for Bank of Baroda
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.60% | -3.57% | -8.33% | -16.53% | +4.07% | +200.00% |
How will the bank maintain its net interest margin amidst rising competition and potential interest rate fluctuations?
What strategies are in place to sustain the 24.4% growth in international advances given global economic uncertainties?
Can the bank continue to improve asset quality metrics while aggressively expanding its loan book?
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