Bank of Baroda (BoB) reported an 11 per cent year-on-year increase in fourth quarter standalone net profit at ₹5,616 crore on the back of a decent growth in net interest income and sharp decline in tax expenses even as its non-interest declined and net interest margin slid.
The public sector bank had clocked a net profit of ₹5,048 crore in the year-ago quarter. In FY26, the bank’s net profit nudged up 2 per cent y-o-y to ₹20,021 crore (₹19,581 crore in FY25).
Additional capital
BoB’s board recommended a final dividend of ₹8.50 per equity share (face value of ₹2) for the FY26. It also approved raising of additional capital up to ₹6,000 crore by way of Additional Tier 1 (AT1) and/or Tier II bonds, in suitable tranches up to March-end 2027 and beyond if found expedient.
Net interest income (difference between interest earned and interest expended) in the reporting quarter was up about 9 per cent y-o-y at ₹12,494 crore (₹11,494 crore in the year-ago period).
Other income, including fee-based income, treasury income and recovery in written-off accounts, declined 16 per cent y-o-y to ₹3,967 crore (₹4,735 crore).
Total provisions, including towards non-performing assets and bad debts written off and non-performing investments, jumped 103 per cent y-o-y to ₹3,150 crore (₹1,552 crore).
Net interest margin nudged lower to 2.89 per cent against 2,98 per cent in the year ago period.
GNPAs position improved to 1.89 per cent of gross advances as at March-end 2026 against 2.26 per cent as at March-end 2025. Net NPAs position too improved to 0.45 per cent of net advances against 0.58 per cent.
Advances up
Global advances increased by 16 per cent y-o-y to ₹14,29,879 crore as at March-end 2026, with domestic and international advances growing by 14.5 per cent and 24.4 per cent, respectively.
Within domestic advances, retail and agriculture advances were up 17.9 per cent yoy and 20.7 per cent, respectively. Further, MSME advances and corporate rose 15.6 per cent and 11.2 per cent, respectively.
Global deposits rose 12 per cent y-o-y to stand at ₹16,48,487 crore as at March-end 2026, with domestic and international deposits growing by 12.8 per cent and 7.5 per cent, respectively.
Low-cost CASA (current account, savings account) deposits declined to 38.90 per cent of domestic deposits against 39.97 per cent in the year ago quarter.
Published on May 8, 2026