New Delhi: Bank of Baroda (BoB) reported a 17.45% year-on-year increase in its global business to ₹32.64 lakh crore as of September 30, 2026, according to the bank’s provisional business figures for the second quarter of FY2026-27. The public sector lender disclosed the figures in an exchange filing submitted to the BSE on October 3, 2026.
The bank’s global business, comprising global deposits and global advances, stood at ₹32,63,697 crore at the end of September 2026, compared with ₹27,78,859 crore a year earlier. At the end of March 2026, the figure was ₹30,78,366 crore.
Global advances recorded stronger year-on-year growth than deposits during the period. Advances increased 18.27%, while deposits grew 16.75%, reflecting growth in both sides of the bank’s business.
The lender also recorded an increase in domestic deposits, domestic advances and retail lending. However, the September 2026 figures are provisional and remain subject to audit or review by the bank’s statutory central auditors.
Bank of Baroda Global Business Grows 17.45% in Q2 FY27
Bank of Baroda’s global business crossed ₹32.6 lakh crore at the end of September 2026, supported by growth in both deposits and advances.
Key global business figures as of September 30, 2026:
- Global business: ₹32,63,697 crore, up 17.45% year-on-year.
- Global deposits: ₹17,51,262 crore, up 16.75%.
- Global advances: ₹15,12,435 crore, up 18.27%.
- Global business as of March 31, 2026: ₹30,78,366 crore.
Global business represents the combined value of the bank’s global deposits and global advances. The year-on-year increase indicates expansion in the lender’s overall business during the first half of FY27.
The bank’s advances grew faster than deposits, with the annual growth rate of lending exceeding deposit growth by 1.52 percentage points.
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Global Deposits Rise to ₹17.51 Lakh Crore
Bank of Baroda’s global deposits increased 16.75% year-on-year to ₹17,51,262 crore as of September 30, 2026.
The bank’s global deposits stood at ₹15,00,012 crore on September 30, 2025, and increased to ₹16,48,487 crore by March 31, 2026.
Global deposit performance:
- September 2026: ₹17,51,262 crore.
- September 2025: ₹15,00,012 crore.
- March 2026: ₹16,48,487 crore.
- Year-on-year growth: 16.75%.
The increase reflects continued growth in the bank’s deposit base across its domestic and international operations.
Global Advances Increase 18.27%
Global advances recorded an 18.27% year-on-year increase to ₹15,12,435 crore at the end of September 2026.
The figure compares with ₹12,78,847 crore on September 30, 2025, and ₹14,29,879 crore on March 31, 2026.
Global advances performance:
- September 2026: ₹15,12,435 crore.
- September 2025: ₹12,78,847 crore.
- March 2026: ₹14,29,879 crore.
- Year-on-year growth: 18.27%.
The growth in advances outpaced the increase in global deposits, indicating stronger expansion in lending during the reported period. However, the business update does not provide profit, income or asset-quality figures, which would be needed to assess the financial impact of this growth.
Domestic Deposits Grow 17.01% to ₹14.88 Lakh Crore
Bank of Baroda’s domestic deposits increased 17.01% year-on-year to ₹14,88,390 crore as of September 30, 2026.
Domestic deposits stood at ₹12,71,992 crore on September 30, 2025, and ₹14,01,290 crore on March 31, 2026.
Key domestic deposit figures:
- September 2026: ₹14,88,390 crore.
- September 2025: ₹12,71,992 crore.
- March 2026: ₹14,01,290 crore.
- Year-on-year growth: 17.01%.
The growth in domestic deposits contributed to the overall expansion of the bank’s deposit base and supported its business growth during the first half of FY27.
Domestic Advances Rise 13.51% to ₹11.88 Lakh Crore
Domestic advances increased 13.51% year-on-year to ₹11,87,931 crore at the end of September 2026.
The figure compares with ₹10,46,506 crore a year earlier and ₹11,69,458 crore at the end of March 2026.
Domestic advances performance:
- September 2026: ₹11,87,931 crore.
- September 2025: ₹10,46,506 crore.
- March 2026: ₹11,69,458 crore.
- Year-on-year growth: 13.51%.
The increase indicates continued expansion in domestic lending, although the growth rate remained below the 18.27% recorded in global advances.
Domestic Retail Advances Increase 18.67%
Domestic retail advances registered 18.67% year-on-year growth to ₹3,24,102 crore as of September 30, 2026.
The bank’s domestic retail advances stood at ₹2,73,116 crore in September 2025 and ₹3,02,598 crore in March 2026.
Retail advances at a glance:
- September 2026: ₹3,24,102 crore.
- September 2025: ₹2,73,116 crore.
- March 2026: ₹3,02,598 crore.
- Year-on-year growth: 18.67%.
Bank of Baroda clarified that the domestic retail advances figures do not include pool purchases. The retail lending segment recorded stronger year-on-year growth than domestic advances overall, highlighting the expansion of the bank’s retail credit portfolio.
Bank of Baroda Appointed Sponsor of a Pension Fund
In a separate development, the Pension Fund Regulatory and Development Authority (PFRDA) formally appointed Bank of Baroda as a sponsor of a pension fund on October 1, 2026.
The bank received its Certificate of Appointment as Sponsor of the Pension Fund under Section 27 of the PFRDA Act, 2013, during the NPS Divas 2026 event.
According to the bank, the appointment marks its entry into the pension fund business and makes it the second public sector bank to enter this segment.
The development expands the lender’s presence beyond its traditional banking operations into the pension fund industry.
Bank of Baroda Raises $700 Million Through Bond Issuance
Earlier, on August 14, 2026, Bank of Baroda announced the completion of a $700 million issuance of senior unsecured fixed-rate notes under its medium-term note (MTN) programme.
The issuance comprises two tranches:
- $400 million three-year notes: Carrying a coupon rate of 5.114% per annum.
- $300 million five-year notes: Carrying a coupon rate of 5.318% per annum.
- Interest payments: Coupons are payable semi-annually.
- Issuing entity: Bank of Baroda’s IFSC Banking Unit.
- Scheduled issuance date: August 20, 2026.
- Proposed listings: Singapore Exchange, India INX and NSE-IX Exchange in GIFT City.
The bond issuance represents a separate funding development and is distinct from the bank’s provisional Q2 FY27 business figures.
Bank of Baroda Shares Close Higher on October 1
Bank of Baroda shares closed at ₹232 on October 1, 2026, on the National Stock Exchange (NSE), gaining 0.63% during the trading session.
The share-price movement was reported separately from the bank’s business update. The provisional deposit and advances figures do not, by themselves, establish the effect of the reported business growth on the bank’s stock performance.
September Business Figures Remain Provisional
Bank of Baroda stated that its September 2026 business figures are provisional and subject to audit or review by its statutory central auditors.
The bank’s exchange filing identifies the September 2025 comparative figures as reviewed and the March 2026 figures as audited.
The latest update covers business indicators, including deposits and advances, rather than quarterly earnings. It does not disclose net profit, net interest income, asset quality or other detailed financial performance measures for Q2 FY27.
The bank’s final financial results will provide a broader picture of how the expansion in deposits and advances translates into earnings and overall financial performance.
About Bank of Baroda
Bank of Baroda (BoB) is a public sector bank headquartered in Vadodara, Gujarat, and operates under the Government of India. The bank provides a range of financial services, including retail banking, corporate banking, loans, deposits, international banking and digital banking. With operations in India and overseas markets, it serves individuals, businesses and institutional customers across multiple banking segments.
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