Bank of Baroda has achieved a record net profit of ₹20,021 crore for the financial year ending 31st March 2026, marking a 2.2% increase from the previous year’s profit of ₹19,581 crore. This growth in profitability is attributed to several key performance drivers, including an 8.7% rise in net interest income, which reached ₹12,494 crore in Q4FY26.
The bank’s domestic deposits grew by 12.8% to ₹14,01,290 crore, while international deposits increased by 7.5% to ₹2,47,197 crore, leading to a total global deposit growth of 12% to ₹16,48,487 crore. Retail advances saw a significant increase of 17.9%, reaching ₹3,02,598 crore. Overall, the bank’s total business expanded by 13.9%, amounting to ₹30,78,366 crore.
Despite a decline in non-interest income by 16.2% in Q4FY26, the operating profit rose by 11.5% to ₹9,069 crore. The bank also reported improvements in asset quality, with the gross non-performing assets (GNPA) ratio decreasing by 37 basis points to 1.89%, and the net non-performing assets (NNPA) ratio falling by 13 basis points to 0.45%.
The capital adequacy ratio stood at 15.82%, a decrease of 137 basis points from the previous year. The bank’s return on assets was stable at 1.16%, while the return on equity slightly decreased to 15.39% from 15.59% in the previous year.
Bank of Baroda’s book value per share increased to ₹251.7, and the earnings per share rose to ₹38.7 for FY26. The bank maintains a strong credit rating with agencies such as Moody’s, Fitch, and S&P Global Ratings, reflecting its stable outlook.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).