Overview

Bank of Baroda , UCO Bank, and Punjab & Sind Bank, three of India's prominent public sector banks, have reported robust business growth for the first quarter of FY26. These banks have demonstrated significant growth across various business segments.

Business Growth

Bank of Baroda reported a substantial increase in its global business, which grew by 10.7% year-on-year to reach ₹26.43 trillion. This growth was driven by impressive performances in both advances and deposits:

In the domestic market, Bank of Baroda showcased robust growth:

• Domestic retail advances increased by 17.41% year-on-year, reaching ₹2.61 lakh crore

UCO Bank also reported strong growth, with its total business increasing by 13.7% to ₹5.24 lakh crore. Similarly, Punjab & Sind Bank saw a 10.9% rise in total business to ₹2.31 lakh crore.

Conclusion

The robust growth across various segments for all three banks demonstrates the strong position of these public sector banks in the banking sector and their ability to navigate the current economic landscape effectively. Bank of Baroda's impressive performance, particularly in domestic retail advances, highlights its strong market presence and growth strategy.

Bank of Baroda , one of India's leading public sector banks, has announced robust financial performance for Q1 FY26, showcasing strong growth across its domestic and global operations.

Global Business Growth

Bank of Baroda reported a 10.7% year-over-year growth in global business, reaching ₹27.43 lakh crore as of June 30, 2025.

Global Performance

Bank of Baroda's global operations demonstrated substantial growth:

• Global Deposits: Rose by 9.1% to ₹14.36 lakh crore
• Global Advances: Surged by 12.6% to ₹12.07 lakh crore

Domestic Performance

• Domestic Advances: Grew by 12.45% to ₹9.91 lakh crore
• Retail Advances: Increased by 17%
• Domestic Deposits: Increased by 8.1% to ₹12.04 lakh crore

Financial Results

• Net Profit: ₹5,048 crore for Q1 FY26, up 3.2% year-over-year
• Gross NPA: Decreased to 2.26% from 2.43% in the previous quarter

Performance Overview

The reported figures indicate a robust performance by Bank of Baroda, with double-digit growth in global business and advances. The growth in deposits suggests strong customer confidence and the bank's expanding presence.

The higher growth rate in advances compared to deposits implies an improvement in the bank's credit deployment and potentially its net interest margins. This growth trajectory positions Bank of Baroda favorably in the competitive banking sector, reflecting its strong market position and effective growth strategies.

The decrease in Gross NPA indicates improved asset quality, which is a positive sign for the bank's overall financial health.

In addition to these strong financial results, Bank of Baroda has also reduced its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points across various tenures. This reduction in MCLR could potentially make loans more affordable for borrowers and stimulate further credit growth.

As the banking sector continues to evolve, Bank of Baroda's performance in both deposits and advances will be crucial indicators of its ongoing financial health and market competitiveness.