Bank of Baroda has announced its financial results for the quarter ended June 30, 2025, demonstrating a robust operating performance with a 15 per cent year-on-year (YoY) increase in operating profit.
The Bank reported a net profit of Rs 4,541 crore for Q1FY26, compared to Rs 4,458 crore in Q1FY25. The significant growth in operating profit was primarily fuelled by an 88 per cent YoY surge in Non-Interest Income, reaching Rs 4,675 crore in Q1FY26.
This was largely driven by an approximately seven-fold growth in Treasury Income, which stood at Rs 2,226 crore.
The cost to income ratio reduced by 30 bps YoY and stands at 48.87 per cent for Q1FY26. Return on Assets (ROA) remained above 1 per cent and stood at 1.03 per cent for Q1FY26, while Return on Equity (ROE) stood at 15.05 per cent for Q1FY26.
The Global Net Interest Margin (NIM) for Q1FY26 was 2.91 per cent, with Domestic NIM at 3.06 per cent. The credit cost remained below 0.75 per cent at 0.55 per cent for Q1FY26.
The Bank maintained a healthy asset quality, with the Gross Non-Performing Asset (GNPA) ratio decreasing by 60 basis points (bps) YoY to 2.28 per cent in Q1FY26 from 2.88 per cent in Q1FY25.
The Net Non-Performing Asset (NNPA) ratio also improved, reducing by 9 bps to 0.60 per cent in Q1FY26 as against 0.69 per cent in Q1FY25. Bank of Baroda’s Provision Coverage Ratio (PCR) remained strong at 93.18 per cent including technical write-offs (TWO) and 74.04 per cent excluding TWO for Q1FY26. The slippage ratio stood at 1.16 per cent for Q1FY26.
Bank of Baroda’s Global Advances registered a growth of 12.6 per cent YoY and Domestic advances grew by 12.4 per cent in Q1FY26. This growth was led by a robust retail loan book growth.
Organic Retail Advances grew by 17.5 per cent, driven by strong growth across segments such as Mortgage Loan (18.6 per cent), Auto Loan (17.9 per cent), Home Loan (16.5 per cent), Education Loan (15.4 per cent), and Personal Loan (19.5 per cent).
The share of Retail, Agri Loans and MSME loans (RAM) in advances improved by 300 bps YoY to 62.7 per cent, with the RAM portfolio growing by 18 per cent in Q1FY26.
Agriculture loan portfolio grew by 16.2 per cent YoY to Rs 1,61,764 crore, and the Organic MSME portfolio grew by 13.1 per cent YoY to Rs 1,35,660 crore.
Corporate advances registered a growth of 4.2 per cent YoY and stood at Rs 3,70,266 crore. Domestic deposits increased by 8.1 per cent YoY to Rs 12,04,283 crore in June 2025, while global deposits increased by 9.1 per cent YoY to Rs 14,35,634 crore.
Domestic CASA deposits registered a growth of 5.5 per cent YoY and stood at Rs 4,73,637 crore as of June 30, 2025. International Deposits grew by 14.8 per cent on a YoY basis to Rs 2,31,351 crore in June 2025.
The CRAR (Capital to Risk-weighted Assets Ratio) of the Bank stood at 17.61 per cent in June 2025. Tier-I stood at 15.15 per cent (CET-1 at 14.12 per cent, AT1 at 1.03 per cent) and Tier-II stood at 2.46 per cent as of June 2025.
The CRAR and CET-1 of the consolidated entity stood at 18.29 per cent and 14.84 per cent respectively. The Liquidity Coverage Ratio (LCR) consolidated stood at 119 per cent (approx.).
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