Bank of Baroda Posts ₹5,055 Crore Q3FY26 Profit, Asset Quality Improves Further
Retail-led credit growth, strong ROE and sub-1% slippage underscore steady performance
Bank of Baroda (BoB) reported a net profit of ₹5,055 crore for Q3FY26, registering a 4.5% year-on-year growth, supported by steady business expansion, resilient margins and continued improvement in asset quality. For the nine months ended December 31, 2025, the Bank’s net profit stood at ₹14,405 crore.
Operating profit for the quarter came in at ₹7,377 crore, while Net Interest Income (NII) stood at ₹11,800 crore. Non-interest income rose 5.9% YoY to ₹3,600 crore, reflecting healthy fee and treasury performance.
Profitability indicators remained robust, with Return on Assets (ROA) at 1.09% and Return on Equity (ROE) improving to 15.59% in Q3FY26. Global Net Interest Margin stood at 2.79%, while domestic NIM was stronger at 2.93%. The cost of deposits declined to 4.75%, down 33 basis points YoY.
Asset Quality Strengthens Further
The Bank continued to demonstrate strong balance sheet resilience:
- Gross NPA declined to 2.04% from 2.43% a year ago
- Net NPA remained low at 0.57%
- Provision Coverage Ratio stood at 92.73% (with TWO)
- Slippage ratio improved to 0.86%, while credit cost stayed contained at 0.17%
Capital adequacy remained comfortable, with CRAR at 15.29% and CET-1 at 12.45% as of December 2025. Liquidity Coverage Ratio was around 116% on a consolidated basis.
Business Growth Driven by Retail and RAM Portfolio
Bank of Baroda’s global advances grew 14.7% YoY to ₹13.45 lakh crore, while domestic advances rose 13.6% to ₹10.97 lakh crore. The Bank’s RAM (Retail, Agriculture and MSME) portfolio expanded 17.3%, increasing its share in total advances to 61.8%.
Organic retail advances recorded strong 17.4% growth, led by:
- Mortgage loans: 21.0%
- Auto loans: 17.4%
- Home loans: 16.0%
- Education loans: 12.8%
- Personal loans: 12.0%
Agriculture advances grew 19.0%, MSME portfolio rose 16.4%, while corporate advances posted 8.1% YoY growth.
On the liabilities side, domestic deposits increased 11.1% to ₹13.07 lakh crore, and global deposits rose 10.3% to ₹15.47 lakh crore. Domestic CASA stood at ₹5.03 lakh crore, registering 8.6% YoY growth.
Despite a marginal rise in operating expenses to ₹8,024 crore, the Bank maintained healthy profitability metrics, underscoring disciplined cost management and sustained business momentum.
With improving asset quality, strong capital buffers and retail-driven growth, Bank of Baroda continues to demonstrate consistent operational performance in FY26.
