Mumbai: State-owned Bank of Baroda (BoB) has reported strong provisional business performance for the first quarter of FY2026-27, with its global business growing 15.46% year-on-year (YoY) to ₹30.51 trillion as of June 30, 2026. The growth was driven by robust expansion in loans, particularly retail lending, while deposits also registered healthy double-digit growth.
The figures were disclosed in a regulatory filing submitted to the National Stock Exchange (NSE) and BSE.
Global Business Crosses ₹30.51 Trillion
According to the bank’s provisional business update, Bank of Baroda’s global business stood at ₹30.51 lakh crore as of June 30, 2026, compared with ₹26.43 lakh crore a year earlier, registering 15.46% YoY growth.
Although the figure was slightly lower than the ₹30.78 lakh crore reported at the end of March 2026, the bank noted that such sequential moderation is common after the financial year-end.
Key Global Business Highlights (Q1 FY27)
- Global Business: ₹30.51 lakh crore (up 15.46% YoY)
- Global Deposits: ₹16.34 lakh crore (up 13.81% YoY)
- Global Advances: ₹14.17 lakh crore (up 17.42% YoY)
Strong Growth in Deposits and Advances
Bank of Baroda continued to record healthy growth across both deposits and lending.
Global Deposits
Global deposits increased 13.81% YoY to ₹16.34 lakh crore, reflecting steady customer confidence and deposit mobilisation.
Global Advances
Global advances rose 17.42% YoY to ₹14.17 lakh crore, making lending the key driver of overall business growth.
The bank highlighted that advances grew faster than deposits, indicating healthy credit demand and supporting future earnings potential.
Domestic Business Registers Double-Digit Growth
The bank also delivered solid performance in its domestic operations.
Key Domestic Business Highlights (Q1 FY27)
- Domestic Deposits: ₹13.82 lakh crore (up 14.74% YoY)
- Domestic Advances: ₹11.51 lakh crore (up 16.14% YoY)
- Domestic Retail Advances: ₹3.10 lakh crore (up 18.45% YoY)
Domestic deposits climbed to ₹13.82 lakh crore, while domestic advances reached ₹11.51 lakh crore, both registering healthy double-digit annual growth.
Retail Lending Emerges as the Biggest Growth Driver
The standout performer during the quarter was the bank’s domestic retail loan portfolio, which expanded 18.45% YoY to ₹3.10 lakh crore.
The growth reflects strong demand across:
- Home loans
- Personal loans
- Vehicle loans
- Other retail credit products
The robust retail lending performance highlights Bank of Baroda’s continued focus on expanding its retail banking franchise.
Provisional Figures Subject to Audit
The bank clarified that all business figures for June 30, 2026, are provisional and remain subject to review and audit by its Statutory Central Auditors.
Strong Financial Performance in Previous Quarter
Bank of Baroda had also reported impressive financial results for the quarter ended March 2026.
Key highlights included:
- Net Profit: ₹5,615.7 crore (up 11.3% YoY)
- Net Interest Income (NII): ₹12,493.7 crore (up 8.7% YoY)
Both profit and NII exceeded market expectations.
Asset Quality Continues to Improve
The bank further strengthened its balance sheet during the previous quarter by improving asset quality.
Key Asset Quality Indicators
- Gross NPA reduced to 1.89% (from 2.04%)
- Net NPA declined to 0.45% (from 0.57%)
In absolute terms:
- Gross NPAs fell to ₹27,058.6 crore
- Net NPAs declined to ₹6,316 crore
The continued improvement reflects better recovery efforts and prudent risk management.
Management Outlook for FY27
Managing Director and CEO Debadatta Chand described the previous quarter as one of the strongest in the last ten quarters in terms of advances and deposit growth.
The bank reiterated its strategic focus on:
- Retail lending
- Agriculture financing
- MSME (RAM) lending
For FY2026-27, Bank of Baroda has guided:
- Deposit growth: 10–12%
- Credit growth: 12–14%
- Net Interest Margin (NIM): 2.75%–2.95%
- Return on Assets (RoA): Above 1%
- Slippage ratio: 1.2%–1.25%
- Credit cost: Below 0.60%
Bank of Baroda Shares
Shares of Bank of Baroda Ltd. closed at ₹260.10 on the BSE, down ₹11.40 (4.20%) from the previous close.
About Bank of Baroda
Bank of Baroda is one of India’s leading public sector banks, offering a wide range of financial services including retail banking, corporate banking, treasury operations, and international banking. Founded in 1908, the bank has grown into a global financial institution with a strong presence across India and multiple international markets, supported by a large customer base and expanding digital infrastructure.
