Bank of Baroda (BANKBARODA) investor relations material

Executive summary

• Achieved record net profit of INR 20,021 crore in FY26, with Q4 net profit at INR 5,616 crore, both up year-over-year; global business volume reached INR 30.78 lakh crore, up 13.9% YoY as of March 2026.

• Board recommended a dividend of INR 8.5 per share for FY26, subject to approvals.

• Asset quality improved, with GNPA at 1.89% and net NPA at 0.45% as of March 2026.

• Strong growth in advances (16.2% YoY) and deposits (12% YoY), with domestic advances up 14.5% and international advances up 24.4%.

• Dividend payout reflects confidence in future earnings and capital position.

Financial highlights

• Net interest income for FY26 was INR 47,682 crore (+2.5% YoY); operating profit for FY26 was INR 32,259 crore; Q4 operating profit at INR 9,069 crore (+11.5% YoY).

• Return on assets (ROA) at 1.06% for FY26 and 1.15% for Q4FY26; return on equity (ROE) at 15.39% for FY26 and 17.27% for Q4FY26.

• Net interest margin (NIM) for FY26 and Q4FY26 was 2.89% globally; domestic NIM at 3.04%-3.08%.

• Provision coverage ratio at 93.94% as of March 2026.

• Cost-to-income ratio increased to 49.15% in FY26 from 47.94% in FY25.

Outlook and guidance

• Loan growth guidance raised to 12%-14% and deposit growth to 10%-12% for FY27; NIM guidance set at 2.75%-2.95%, with ROA expected to remain above 1%.

• Focus on digital transformation, sustainable finance, and further reduction in NPAs.

• Management expects cost of deposits to remain sticky in the near term.

• Slippage ratio guidance maintained at 1%-1.25%, credit cost below 0.60%.