Bank of Baroda Q1 Update: Global advances rise 17%, deposits grow 14% YoY

State-run Bank of Baroda Ltd on Thursday (July 2) said its global business grew 15.46% year-on-year to ₹30.51 lakh crore as of June 30, 2026, with global advances rising 17.42% to ₹14.17 lakh crore and global deposits increasing 13.81% to ₹16.34 lakh crore.

Global advances rose from ₹12.07 lakh crore a year earlier to ₹14.17 lakh crore, while global deposits increased from ₹14.36 lakh crore to ₹16.34 lakh crore.

Domestic deposits grew 14.74% year-on-year to ₹13.82 lakh crore, while domestic advances increased 16.14% to ₹11.51 lakh crore. Domestic retail advances, excluding pool purchase, rose 18.45% year-on-year to ₹3.10 lakh crore.

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According to the provisional business update, global business stood at ₹30.51 lakh crore as of June 30, 2026, compared with ₹30.78 lakh crore as of March 31, 2026. Global deposits were ₹16.34 lakh crore against ₹16.48 lakh crore at the end of March, while global advances stood at ₹14.17 lakh crore compared with ₹14.30 lakh crore.

The bank said the figures as of June 30, 2026, are provisional and subject to audit/review by its Statutory Central Auditors.

Fourth Quarter Results

The state-run lender posted a net profit of ₹5,615.7 crore for the quarter ended March, up 11.3% from ₹5,048 crore a year ago and ahead of the CNBC-TV18 poll estimate of ₹4,787.2 crore.

Net interest income (NII) rose 8.7% year-on-year to ₹12,493.7 crore from ₹11,494 crore, also surpassing analyst expectations of ₹12,154.8 crore.

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Asset quality improved sequentially during the quarter, with gross non-performing assets declining to 1.89% from 2.04% in the previous quarter. Net NPA ratio eased to 0.45% from 0.57%.

In absolute terms, gross NPAs stood at ₹27,058.6 crore compared with ₹27,399.4 crore in the December quarter, while net NPAs fell to ₹6,316 crore from ₹7,615 crore.

Managing Director and Chief Executive Officer Debadatta Chand said the bank continued to focus on retail, agriculture and MSME (RAM) advances and described the quarter as one of the strongest in terms of advances and deposit growth over the last 10 quarters.

For FY27, the lender guided for deposit growth of 10-12% and credit growth of 12-14%, while maintaining its net interest margin outlook at 2.75-2.95%. The bank also guided for return on assets of over 1%, slippage ratio of 1.2-1.25% and credit cost below 0.60%.

Shares of Bank of Baroda Ltd ended at ₹260.10, down by ₹11.40, or 4.20%, on the BSE.