Bank of Baroda announced its financial results for the quarter and nine months ended December 31, 2025, demonstrating consistent growth momentum supported by stable asset quality and strong profitability metrics.

Financial Performance Highlights

The bank reported net profit of ₹5,055 crore for Q3FY26, representing a 4.5% year-on-year increase. For the nine-month period ending December 31, 2025, net profit reached ₹14,405 crore. Operating profit for the quarter stood at ₹7,377 crore, while for the nine-month period it was ₹23,190 crore.

Asset Quality Improvement

Bank of Baroda continued to maintain strong asset quality with significant improvements across key parameters. The Gross NPA ratio improved to 2.04% in Q3FY26 from 2.43% in Q3FY25, marking a 39 basis points year-on-year reduction. The Net NPA ratio also improved, declining by 2 basis points year-on-year to 0.57%.

The bank's balance sheet remains robust with a healthy Provision Coverage Ratio of 92.73% with technical write-offs and 72.21% without technical write-offs. Credit cost remained below 0.75% at 0.17% for Q3FY26 and 0.34% for the nine-month period.

Business Growth and Margins

Global advances registered strong growth of 14.7% year-on-year, reaching ₹13,44,904 crore. Domestic advances grew by 13.6% year-on-year to ₹10,96,557 crore. The bank's organic retail advances portfolio demonstrated robust performance with 17.4% growth, driven by strong performance across segments including mortgage loans (21.0%), auto loans (17.4%), home loans (16.0%), education loans (12.8%), and personal loans (12.0%).

Capital Adequacy and Profitability Ratios

The bank maintained strong capital adequacy with CRAR standing at 15.29% in December 2025. Tier-I capital stood at 13.10% (CET-1 at 12.45%, AT1 at 0.65%) and Tier-II at 2.19%. Return on Assets remained consistently above 1% at 1.09% for Q3FY26, while Return on Equity stood at 15.59% for the quarter.

Global Net Interest Margin for Q3FY26 was 2.79%, while domestic NIM stood at 2.93% for the quarter. The cost of deposits for the quarter was 4.75%, representing a reduction of 33 basis points year-on-year and 1.6 basis points quarter-on-quarter.

Segment Performance

The share of Retail, Agriculture, and MSME loans (RAM) in advances improved by 190 basis points year-on-year to 61.8%. The RAM portfolio grew by 17.3% in Q3FY26. Agriculture loan portfolio grew by 19.0% year-on-year to ₹1,79,805 crore, while organic MSME portfolio grew by 16.4% year-on-year to ₹1,53,415 crore. Corporate advances registered growth of 8.1% year-on-year, standing at ₹4,18,963 crore.

Bank of Baroda has officially informed stock exchanges about an impending strike notice from the United Forum of Bank Unions (U.F.B.U.) scheduled for January 27, 2026. The notification, issued on January 23, 2026, was sent to both BSE and NSE under the mandatory disclosure requirements of SEBI regulations.

Strike Notice Details

The United Forum of Bank Unions has served formal notice of their decision to proceed with a strike on Tuesday, January 27, 2026, citing various issues and demands. The union's strike call affects multiple banking operations across the country.

Bank's Preparatory Measures

Bank of Baroda has indicated that it is taking comprehensive steps to ensure minimal disruption to customer services. The bank's management is implementing necessary measures to maintain smooth functioning of branches and offices during the strike period.

However, the bank has cautioned that if the strike materializes as planned, there may be some impact on the normal functioning of branches and offices across its network. This transparent disclosure allows customers and stakeholders to plan accordingly for any potential service disruptions.

Regulatory Compliance

The notification was issued in strict compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically under Regulation 30. This regulation mandates listed companies to disclose material events that could impact their operations or stakeholder interests.

The formal communication was signed by S Balakumar, Company Secretary, and digitally authenticated on January 23, 2026. Both major stock exchanges - BSE (Code: 532134) and NSE (Code: BANKBARODA) - received identical notifications to ensure comprehensive market disclosure.