Bank of Baroda reported a healthy set of Q4 FY26 numbers with double-digit growth in profit and operating income, while asset quality continued to improve.
The public sector lender posted a net profit of ₹5,616 crore for the quarter ended March 2026, registering a growth of 11.2% year-on-year. For the full financial year FY26, net profit stood at ₹20,021 crore, up 2.2% YoY.
Net interest income (NII) for Q4 FY26 came in at ₹12,494 crore, rising 8.7% compared to the corresponding quarter last year. For FY26, NII stood at ₹47,682 crore, reflecting a 2.5% year-on-year increase.
The bank reported non-interest income of ₹3,967 crore during the March quarter, while operating profit rose 11.5% YoY to ₹9,069 crore. Full-year operating profit stood at ₹32,259 crore.
Asset quality metrics improved further during the quarter. Gross NPA ratio declined to 1.89% in Q4 FY26 from 2.26% in Q4 FY25, while net NPA ratio reduced to 0.45%, improving by 13 basis points year-on-year.
The bank’s provision coverage ratio (PCR) stood at 93.94% with technical write-offs and 76.66% excluding technical write-offs.
Slippage ratio for the quarter improved to 0.89%, declining by 11 basis points year-on-year, while credit cost stood at 0.76% for Q4 FY26.
Bank of Baroda reported a global net interest margin (NIM) of 2.89% for the quarter, while domestic NIM stood at 3.08%.
On the business growth front, domestic advances increased 14.5% year-on-year to ₹11.69 lakh crore, while global advances grew 16.2% to ₹14.29 lakh crore.
Domestic deposits rose 12.8% YoY to ₹14.01 lakh crore, while global deposits increased 12% to ₹16.48 lakh crore. Domestic CASA deposits also registered growth of 9.8% year-on-year.
The bank maintained strong capital levels, with CRAR standing at 15.82% as of March 2026. CET-1 ratio came in at 13.16%.
Return on assets (ROA) stood at 1.15% for the quarter, while return on equity (ROE) came in at 17.27%.