Business EconomyPosted at: May 8 2026 7:33PM


Bank of Baroda posts record Q4 profit at Rs 5,616 crore

Mumbai, May 8 (UNI) State-owned lender Bank of Baroda on Friday reported a strong financial performance for the quarter and financial year ended March 31, 2026, posting its highest-ever quarterly net profit, supported by robust credit growth, improved asset quality, and steady margin expansion.
The Board of the Bank of Baroda has recommended a dividend of Rs 8.5 per equity share (425 per cent of face value of Rs 2), subject to requisite approvals.
The bank’s global business crossed a milestone of Rs 30 lakh crore as of March 31, 2026, marking a significant expansion in its overall scale of operations.
The lender reported its highest-ever quarterly net profit of Rs 5,616 crore in Q4 FY26, reflecting a year-on-year growth of 11.2 per cent. For the full financial year FY26, net profit crossed the Rs 20,000 crore mark and stood at Rs 20,021 crore, registering a growth of 2.2 per cent year-on-year.
Net interest income (NII) for the quarter rose 8.7 per cent year-on-year to Rs 12,494 crore, while FY26 NII stood at Rs 47,682 crore, up 2.5 per cent. Operating profit for Q4 FY26 increased 11.5 per cent year-on-year to Rs 9,069 crore, while full-year operating profit stood at Rs 32,259 crore.
The bank’s global net interest margin (NIM) improved sequentially by 10 basis points to 2.89 per cent in Q4 FY26 and remained stable at 2.89 per cent for the full year. Domestic NIM stood at 3.08 per cent for the quarter.
Return on assets (ROA) remained above the 1 per cent threshold at 1.15 per cent in Q4 FY26, while return on equity (ROE) improved to 17.27 per cent, up 168 basis points sequentially. For FY26, ROA stood at 1.06 per cent and ROE at 15.39 per cent.
On the asset quality front, the bank continued to strengthen its balance sheet. Gross non-performing assets (GNPA) improved to 1.89 per cent in Q4 FY26 from 2.26 per cent a year ago, while net NPA declined to 0.45 per cent. Provision coverage ratio (PCR) remained strong at 93.94 per cent.
Slippages reduced to 0.89 per cent in Q4 FY26, while credit cost stood at 0.76 per cent for the quarter and 0.46 per cent for the full year, indicating improved risk management.
The bank’s capital adequacy ratio (CRAR) stood at 15.82 per cent, with Tier-I capital at 13.64 per cent, including CET-1 at 13.16 per cent.
On the business front, global advances grew 16.2 per cent year-on-year to Rs 14.29 lakh crore, while domestic advances rose 14.5 per cent to Rs 11.69 lakh crore. Retail loan portfolio expanded 17.9 per cent, driven by strong growth in auto, mortgage, home, and education loans.
Domestic deposits increased 12.8 per cent to Rs 14.01 lakh crore, while CASA deposits rose 9.8 per cent to Rs 5.45 lakh crore.
Agriculture and MSME portfolios recorded healthy growth of 20.7 per cent and 15.6 per cent respectively, reflecting broad-based credit expansion.
Bank of Baroda, established in 1908 and headquartered in Vadodara, continues to be among India’s largest public sector banks with a wide domestic and international footprint.
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