Bank of Baroda Q1FY26 net profit steady at ₹4,541 cr; treasury gains lift non-interest income 88%
Mumbai: Bank of Baroda posted a net profit of ₹4,541 crore in the quarter ended June 2025 (Q1FY26), marking a marginal year-on-year growth of 1.9% from ₹4,458 crore in the same period last year.
Operating profit rose 15% YoY to ₹8,236 crore, aided by an 88% surge in non-interest income to ₹4,675 crore, driven primarily by a nearly sevenfold jump in treasury income to ₹2,226 crore.
The bank’s net interest income declined marginally to ₹11,435 crore from ₹11,600 crore in Q1FY25, while operating income stood at ₹16,109 crore, up 14.4% YoY.
Operating expenses rose 13.7% to ₹7,873 crore, but cost-to-income ratio improved by 30 basis points to 48.87%.
Return on Assets (RoA) stood at 1.03% and Return on Equity (RoE) at 15.05%. Global Net Interest Margin (NIM) for the quarter slipped to 2.91% from 3.18% a year ago, while domestic NIM stood at 3.06%.
Asset quality remains resilient
Gross Non-Performing Assets (GNPA) fell to ₹27,572 crore, improving the GNPA ratio to 2.28% from 2.88% a year earlier.
Net NPA declined 9 basis points YoY to 0.60%.
The Provision Coverage Ratio (PCR) remained strong at 93.18%, including technical write-offs, and 74.04% excluding them.
Credit cost stood at 0.55%, while slippage ratio was 1.16% for the quarter.
Healthy credit growth across retail segments
The bank’s global advances grew 12.6% YoY to ₹12.07 lakh crore, while domestic advances rose 12.4% to ₹9.91 lakh crore, led by robust traction in retail loans.
The organic retail loan book grew 17.5%, with home loans up 16.5%, mortgage loans 18.6%, auto loans 17.9%, personal loans 19.5% and education loans 15.4%.
Agriculture and MSME loan portfolios grew 16.2% and 13.1% YoY, respectively. Corporate advances rose 4.2% to ₹3.70 lakh crore.
The share of Retail, Agri and MSME (RAM) loans in the overall portfolio improved 300 basis points to 62.7%.
Deposit mobilisation remains steady
Global deposits increased 9.1% YoY to ₹14.36 lakh crore, while domestic deposits rose 8.1% to ₹12.04 lakh crore.
Domestic CASA deposits grew 5.5% to ₹4.73 lakh crore. International deposits saw a sharper 14.8% rise to ₹2.31 lakh crore.
Capital and liquidity buffers remain strong
Capital Adequacy Ratio (CRAR) stood at 17.61%, with Tier-1 capital at 15.15% (CET-1 at 14.12%).
On a consolidated basis, CRAR stood at 18.29% and CET-1 at 14.84%. Liquidity Coverage Ratio (LCR) for the consolidated entity was approximately 119%.
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