Bank of Baroda has reported its financial results for the quarter and half year ended 30 September 2026, with quarterly net profit rising 35.8 per cent year-on-year to Rs 6,532 crore. Net profit for H1FY27 stood at Rs 7,810 crore.
Net Interest Income (NII) increased 9 per cent year-on-year to Rs 13,026 crore during Q2FY27, while H1FY27 NII stood at Rs 25,551 crore, up 9.2 per cent year-on-year. Non-interest income rose 95.8 per cent year-on-year to Rs 6,881 crore for the quarter and stood at Rs 10,351 crore for H1FY27, registering a 26.4 per cent year-on-year increase.
The bank’s operating income grew 28.7 per cent year-on-year to Rs 19,907 crore in Q2FY27, while operating expenses increased 7.4 per cent to Rs 8,477 crore. Operating profit rose 50.9 per cent year-on-year to Rs 11,430 crore, marking the bank’s highest-ever quarterly operating profit. For H1FY27, operating profit stood at Rs 19,557 crore, up 23.7 per cent year-on-year.
Return on Assets (ROA) increased 19 basis points year-on-year to 1.26 per cent in Q2FY27, while Return on Equity (ROE) rose 363 basis points to 19.28 per cent. Global Net Interest Margin stood at 2.74 per cent for the quarter and 2.76 per cent for H1FY27.
The bank also reported improvement in asset quality. Gross NPA declined to 1.78 per cent in Q2FY27 from 2.16 per cent in Q2FY26, while Net NPA reduced by 20 basis points year-on-year to 0.37 per cent. Provision Coverage Ratio, including Technical Write-Offs, improved 144 basis points year-on-year to 94.65 per cent, while PCR excluding Technical Write-Offs increased 535 basis points to 79.48 per cent.
The slippage ratio declined 22 basis points year-on-year to 0.69 per cent in Q2FY27. For H1FY27, the ratio stood at 0.67 per cent compared with 0.90 per cent in H1FY26. Credit cost stood at 0.55 per cent for Q2FY27 and 0.42 per cent for H1FY27.
Bank of Baroda’s global business stood at Rs 32,57,883 crore as of 30 September 2026, registering 17.2 per cent year-on-year growth. Global deposits increased 16.4 per cent to Rs 17,45,435 crore, while domestic deposits grew 16.6 per cent to Rs 14,83,521 crore. Domestic CASA deposits increased 10.4 per cent year-on-year to Rs 5,39,515 crore.
Global advances grew 18.3 per cent year-on-year to Rs 15,12,448 crore, while domestic advances increased 13.5 per cent to Rs 11,87,944 crore. International advances grew 39.7 per cent to Rs 3,24,504 crore.
Within the lending portfolio, organic retail advances grew 18.6 per cent year-on-year, supported by growth in auto loans of 27.8 per cent, mortgage loans of 20.3 per cent, home loans of 14.6 per cent and education loans of 9.9 per cent. The agriculture loan portfolio increased 19 per cent to Rs 2,01,946 crore, while the organic MSME portfolio grew 21.3 per cent to Rs 1,75,207 crore. Corporate advances rose 6.3 per cent to Rs 4,25,736 crore.
The bank’s capital position remained strong, with CRAR at 16.61 per cent as of September 2026. Tier-I capital stood at 14.70 per cent, including CET-1 of 14.20 per cent and AT1 of 0.50 per cent, while Tier-II stood at 1.91 per cent. The consolidated entity reported CRAR of 17.01 per cent and CET-1 of 14.65 per cent. The quarterly average standalone Liquidity Coverage Ratio stood at approximately 133.6 per cent.
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