Bank of Baroda, UCO Bank, and Punjab & Sind Bank Report Strong Q1 FY26 Growth

1 min read     Updated on 04 Jul 2025, 05:37 AM
scanxBy ScanX News Team
whatsapptwittershare
Overview

Bank of Baroda, UCO Bank, and Punjab & Sind Bank have reported significant business growth for Q1 FY26. Bank of Baroda's global business grew by 10.70% year-on-year to ₹26.43 trillion, with global advances up 13% and deposits up 9%. Domestic retail advances increased by 17.41%. UCO Bank's total business rose by 13.70% to ₹5.24 lakh crore, while Punjab & Sind Bank saw a 10.90% increase to ₹2.31 lakh crore.

13133256

*this image is generated using AI for illustrative purposes only.

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 10.70% year-on-year to reach ₹26.43 trillion. This growth was driven by impressive performances in both advances and deposits:

Category Amount (₹ lakh crore) Growth (%)
Global advances 12.07 13.00
Global deposits 14.36 9.00

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 13.70% to ₹5.24 lakh crore. Similarly, Punjab & Sind Bank saw a 10.90% 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.

Historical Stock Returns for Bank of Baroda

1 Day5 Days1 Month6 Months1 Year5 Years
-0.53%-0.12%-5.33%+5.74%-10.78%+368.49%
Bank of Baroda
View in Depthredirect
like18
dislike

Bank of Baroda Reports Strong Growth in Q1 FY26

1 min read     Updated on 03 Jul 2025, 06:07 PM
scanxBy ScanX News Team
whatsapptwittershare
Overview

Bank of Baroda announced robust Q1 FY26 financial results, with global business growing 10.7% year-over-year to ₹27.43 lakh crore. Global deposits increased by 9.1% to ₹14.36 lakh crore, while global advances surged 12.6% to ₹12.07 lakh crore. Domestically, advances grew 12.45% to ₹9.91 lakh crore, with retail advances up 17%. The bank's net profit rose 3.2% to ₹5,048 crore, and gross NPA decreased to 2.26%. The bank also reduced its MCLR by 5 basis points across various tenures.

13091828

*this image is generated using AI for illustrative purposes only.

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

Metric Amount (₹ in lakh crore) Year-over-Year Growth
Global Business 27.43 10.7%
Global Deposits 14.36 9.1%
Global Advances 12.07 12.6%
Domestic Advances 9.91 12.45%
Domestic Deposits 12.04 8.1%

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.

Historical Stock Returns for Bank of Baroda

1 Day5 Days1 Month6 Months1 Year5 Years
-0.53%-0.12%-5.33%+5.74%-10.78%+368.49%
Bank of Baroda
View in Depthredirect
like16
dislike
More News on Bank of Baroda
Explore Other Articles
241.04
-1.28
(-0.53%)