Mumbai: Bank of Baroda (BoB) has reported its highest-ever quarterly net profit of Rs 6,532 crore for the second quarter of the financial year 2026-27 (Q2 FY27), registering a growth of 35.8% compared with Rs 4,809 crore in the corresponding quarter of the previous financial year.
The bank also recorded a 50.9% year-on-year (YoY) increase in operating profit to Rs 11,430 crore, against Rs 7,576 crore in Q2 FY26.
Net Interest Income (NII) increased by 9% to Rs 13,026 crore from Rs 11,954 crore in the year-ago quarter. Meanwhile, non-interest income surged 95.8% to Rs 6,881 crore, compared with Rs 3,515 crore in Q2 FY26.
The bank’s operating income grew 28.7% to Rs 19,907 crore from Rs 15,469 crore in the corresponding quarter last year.
Bank of Baroda Q2 FY27 Financial Highlights
Bank of Baroda delivered strong growth across key profitability indicators during the quarter ended September 30, 2026.
The key financial highlights for Q2 FY27 are:
- Net Profit: Rs 6,532 crore, up 35.8% from Rs 4,809 crore in Q2 FY26.
- Net Interest Income (NII): Rs 13,026 crore, registering a growth of 9% over Rs 11,954 crore.
- Non-Interest Income: Rs 6,881 crore, up 95.8% from Rs 3,515 crore.
- Operating Income: Rs 19,907 crore, increasing 28.7% from Rs 15,469 crore.
- Operating Profit: Rs 11,430 crore, up 50.9% from Rs 7,576 crore.
- Return on Assets (ROA): 1.26%, compared with 1.07%, an improvement of 19 basis points.
- Return on Equity (ROE): 19.28%, compared with approximately 15.65%, registering an improvement of 363 basis points.
The bank’s performance was supported by strong growth in non-interest income and an improvement in asset quality.
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Bank of Baroda Asset Quality Improves in Q2 FY27
Bank of Baroda reported an improvement in its asset quality indicators compared with the corresponding quarter of the previous financial year. Gross Non-Performing Assets (GNPA) declined to 1.78% in Q2 FY27 from 2.16% in Q2 FY26, an improvement of 38 basis points.
Net Non-Performing Assets (NNPA) also declined to 0.37% from 0.57%, improving by 20 basis points.
Other key asset quality indicators include:
- Gross NPA: 1.78%, compared with 2.16% in Q2 FY26.
- Net NPA: 0.37%, compared with 0.57% in Q2 FY26.
- Provision Coverage Ratio (with TWO): 94.65%, compared with 93.21%, improving by 144 basis points.
- Slippage Ratio: 0.69%, compared with approximately 0.91%, improving by 22 basis points.
On a sequential basis, the bank’s GNPA declined to 1.78% in the September 2026 quarter from 2% in the June 2026 quarter. NNPA also improved to 0.37% from 0.5% during the same period.
Provisions increased to Rs 2,382 crore in Q2 FY27 from Rs 1,232 crore in the corresponding quarter of the previous financial year.
Bank of Baroda Business Growth in Q2 FY27
As of September 30, 2026, Bank of Baroda reported growth in both advances and deposits, reflecting an expansion in its overall banking business.
The key business growth figures are:
- Global Advances: Rs 15,12,448 crore, registering a year-on-year growth of 18.3%.
- Domestic Advances: Rs 11,87,944 crore, up 13.5%.
- Global Deposits: Rs 17,45,435 crore, increasing 16.4%.
- Domestic Deposits: Rs 14,83,521 crore, up 16.6%.
- Domestic CASA: Rs 5,39,515 crore, registering a growth of 10.4%.
The growth in advances and deposits highlights the bank’s continued expansion across domestic and international banking operations.
Bank of Baroda Capital Adequacy Position
Bank of Baroda maintained a healthy capital adequacy position during Q2 FY27. Its key capital adequacy indicators as of September 30, 2026, were:
- Capital to Risk-Weighted Assets Ratio (CRAR): 16.61%.
- Common Equity Tier 1 (CET-1): 14.20%.
- Tier-I Capital Ratio: 14.70%.
These capital ratios reflect the bank’s capital position and provide support for its business operations and future growth.
Bank of Baroda Board Approves Q2 and H1 FY27 Results
The Board of Directors of Bank of Baroda approved the unaudited financial results for the quarter and half-year ended September 30, 2026, at its meeting held on October 30, 2026.
The board meeting commenced at 10:30 AM and concluded at 4:15 PM.
The bank reported its highest-ever quarterly net profit and operating profit in Q2 FY27, supported by strong growth in non-interest income, improved asset quality and expansion in its overall business.
About Bank of Baroda
Bank of Baroda (BoB) is a public sector bank in India. It provides a wide range of banking and financial services to retail, corporate and institutional customers through its domestic and international network. The bank operates under the ownership of the Government of India.
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