BoB’s Net Profit Up By 2.2% At INR 20,021 Cr for FY26
Net Interest Income for Q4FY26 stands at INR 12,494 crore (+8.7% YoY) and at INR 47,682 crore (+2.5% YoY) for FY26.
FinTech BizNews Service
Mumbai, 8 May 2026: Bank of Baroda today announced Financial Results for the Quarter & Financial Year ended 31st March 2026.
Bank Sustains Strong Growth Momentum with Healthy Asset Quality and Robust Profitability
Key Highlights - Bank’s Board has recommended a dividend of INR 8.5 per equity share (425% of face value of INR 2 per equity share) for FY26, subject to requisite approvals.
- Bank’s Global Business has crossed a milestone of INR 30 lakh crore as of 31st March 2026.
- Bank has delivered highest ever quarterly Net Profit of INR 5,616 crore (+11.2% YoY). Net Profit for the financial year also crossed a milestone of INR 20,000 crore and stands at INR 20,021 crore.
- Operating Profit for the quarter rises by 11.5% YoY and stands at INR 9,069 crore. Operating Profit for FY26 stands at INR 32,259 crore.
- Net Interest Income for the quarter expanded by 8.7% on a YoY basis and stands at INR 12,494 crore. It stands at INR 47,682 crore (+2.5% YoY) for FY26.
- Operating expenses for the quarter stands at INR 7,391 crore (-8.7% YoY) and at INR 31,180 crore for FY26 (+4.4% YoY).
- Return on Assets (ROA) remains consistently above 1% and it stands at 1.15% for Q4FY26 (+6 bps QoQ) and 1.06% for FY26.
- Return on Equity (ROE) stands at 17.27% for Q4FY26, up by 168 bps QoQ. It stands at 15.39% for FY26.
- Cost of deposits for the quarter stands at 4.78%, a reduction of 34 bps YoY. It declined by 23 bps YoY to 4.87% for FY26.
- Global Net Interest Margin (NIM) for Q4FY26 increased by 10 bps sequentially and stands at 2.89%. It stands at 2.89% for FY26.
- Domestic Net Interest Margin (NIM) stands at 3.08% for the quarter. It stands at 3.04% for FY26.
- Bank continues to maintain strong Asset quality with reduction in GNPA by 37 bps YoY to 1.89% in Q4FY26. Bank’s NNPA also reduced by 13 bps YoY and stands at 0.45% in Q4FY26.
- Bank’s balance sheet remains robust with healthy Provision Coverage Ratio (PCR) of 93.94% with TWO & at 76.66% without TWO.
- Slippage ratio for Q4FY26 declined by 11 bps YoY to 0.89%. It stands at 0.72% for FY26, a reduction of 6 bps YoY.
- Credit cost stands at 0.76% for Q4FY26 and 0.46% for FY26.
- Bank’s Global Advances registered a growth of 16.2% YoY and Domestic advances grew by 14.5% as of 31st March 2026.
- Bank’s organic Retail Advances grew by 17.9%, driven by strong growth across segments such as Auto Loan (20.6%), Mortgage Loan (19.3%), Home Loan (14.6%) and Education Loan (10.9%).
- Share of Retail, Agri Loans and MSME loans (RAM) in advances improved by 120 bps YoY to 61%. RAM portfolio grew by 16.7% as of 31st March 2026.
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Profitability
- Net Profit for Q4FY26 stands at INR 5,616 crore (+11.2% YoY) and it stands at INR 20,021 crore (+2.2% YoY) for FY26.
- Net Interest Income for Q4FY26 stands at INR 12,494 crore (+8.7% YoY) and at INR 47,682 crore (+2.5% YoY) for FY26.
- Non-Interest Income for Q4FY26 stands at INR 3,967 crore and it stands at INR 15,757 crore for FY26.
- Global Net Interest Margin (NIM) for Q4FY26 stands at 2.89%. It stands at 2.89% for FY26.
- Domestic Net Interest Margin (NIM) stands at 3.08% for the quarter. It stands at 3.04% for FY26.
- Operating Profit for the quarter stands at INR 9,069 crore (+11.5% YoY) and at INR 32,259 crore for FY26.
- Return on Assets (ROA) remains consistently above 1% and stands at 1.15% for Q4FY26 and 1.06% for FY26.
- Return on Equity (ROE) stands at 17.27% for Q4FY26 and at 15.39% for FY26
Asset Quality
- Gross NPA Ratio improved to 1.89% in Q4FY26 from 2.26% in Q4FY25.
- The Net NPA Ratio of the Bank reduced by 13 bps YoY and stands at 0.45% in Q4FY26.
- Bank’s balance sheet remains robust with healthy Provision Coverage Ratio (PCR) of 93.94% with TWO & at 76.66% without TWO.
- Slippage ratio for Q4FY26 declined by 11 bps YoY to 0.89%. It stands at 0.72% for FY26, a reduction of 6 bps YoY.
- Credit cost stands at 0.76% for Q4FY26 and 0.46% for FY26.
Capital Adequacy
- CRAR of the Bank stands at 15.82% in Mar’26. Tier-I stood at 13.64% (CET-1 at 13.16%, AT1 at 0.48%) and Tier-II stood at 2.18% as of Mar’26.
- The CRAR and CET-1 of consolidated entity stands at 16.25% and 13.65% respectively.
- The Quarterly Average Liquidity Coverage Ratio (LCR) (standalone) stands at 127% (approx.).
- Business Performance
- Domestic Advances of the Bank increased to INR 11,69,458 crore, +14.5% YoY.
- Global Advances of the Bank increased to INR 14,29,879 crore, +16.2% YoY.
- International Advances grew by 24.4% on a YoY basis to INR 2,60,421 crore in Mar’26.
- Domestic Deposits increased by 12.8% YoY to INR 14,01,290 crore in Mar’26.
- Global Deposits increased by 12.0% YoY to INR 16,48,487 crore.
- Domestic CASA deposits registered a growth of 9.8% YoY and stands at INR 5,45,034 crore as of 31st March 2026.
- International Deposits grew by 7.5% on a YoY basis to INR 2,47,197 crore in Mar’26.
- Organic Retail Advances grew by 17.9%, driven by strong growth across segments such as Auto Loan (20.6%), Mortgage Loan (19.3%), Home Loan (14.6%) and Education Loan (10.9%).
- Agriculture loan portfolio grew by 20.7% YoY to INR 1,91,063 crore.
- Organic MSME portfolio grew by 15.6% YoY to INR 1,59,786 crore.
- Corporate advances registered a growth of 11.2% YoY and stands at INR 4,56,584 crore.
Financial results for Quarter and Financial Year ended 31st March 2026
Particulars (INR crore) | Q4FY25 | Q3FY26 | Q4FY26 | YoY(%) | FY25 | FY26 | YoY(%) |
Interest Income | 31,117 | 31,750 | 32,642 | 4.9 | 1,22,301 | 1,26,994 | 3.8 |
Interest Expenses | 19,622 | 19,950 | 20,148 | 2.7 | 75,783 | 79,311 | 4.7 |
Net Interest Income (NII) | 11,494 | 11,800 | 12,494 | 8.7 | 46,518 | 47,682 | 2.5 |
Non-Interest Income | 4,735 | 3,600 | 3,967 | -16.2 | 15,788 | 15,757 | -0.2 |
Operating Income | 16,229 | 15,400 | 16,460 | 1.4 | 62,306 | 63,439 | 1.8 |
Operating Expenses | 8,097 | 8,024 | 7,391 | -8.7 | 29,871 | 31,180 | 4.4 |
Operating Profit | 8,132 | 7,377 | 9,069 | 11.5 | 32,435 | 32,259 | -0.5 |
Total Provisions (other than tax) and contingencies | 1,552 | 799 | 3,150 | 103.0 | 5,980 | 7,149 | 19.5 |
of which, Provision for NPA Bad Debts Written-off | 1,297 | 559 | 2,566 | 97.9 | 5,170 | 5,694 | 10.1 |
Profit before Tax | 6,581 | 6,578 | 5,919 | -10.1 | 26,454 | 25,110 | -5.1 |
Provision for Tax | 1,533 | 1,524 | 303 | -80.2 | 6,873 | 5,089 | -26.0 |
Net Profit | 5,048 | 5,055 | 5,616 | 11.2 | 19,581 | 20,021 | 2.2 |
Business position
Particulars (INR crore) | Mar 31 2025 | Dec 31 2025 | Mar 31 2026 | YoY (%) |
Domestic deposits | 12,42,169 | 13,07,189 | 14,01,290 | 12.8 |
Domestic CASA | 4,96,462 | 5,02,560 | 5,45,034 | 9.8 |
Global deposits | 14,72,035 | 15,46,749 | 16,48,487 | 12.0 |
Domestic advances | 10,21,112 | 10,96,557 | 11,69,458 | 14.5 |
Of which, retail loan portfolio (Organic) | 2,56,633 | 2,85,786 | 3,02,598 | 17.9 |
Global advances | 12,30,461 | 13,44,904 | 14,29,879 | 16.2 |
Key Ratios
Particulars | Q4FY25 | Q3FY26 | Q4FY26 |
NIM Global % | 2.98 | 2.79 | 2.89 |
Return on Assets (%) | 1.16 | 1.09 | 1.15 |
CRAR (%) | 17.19 | 15.29 | 15.82 |
CET-1 (%) | 13.78 | 12.45 | 13.16 |
Gross NPA (%) | 2.26 | 2.04 | 1.89 |
Net NPA (%) | 0.58 | 0.57 | 0.45 |
PCR (with TWO) (%) | 93.29 | 92.73 | 93.94 |
