Bank of Baroda (BANKBARODA) investor relations material

Executive summary

• Global advances grew 14.7% year-over-year to ₹13,44,904 crore, with domestic advances up 13.6% and international advances up 19.3%.

• Net profit for Q3FY26 rose 4.5% year-over-year to ₹5,055 crore; operating profit for Q3FY26 was ₹7,377 crore.

• Asset quality improved with Gross NPA at 2.04% and Net NPA at 0.57% as of Dec 2025.

• Total deposits increased 10.3% year-over-year to ₹15,46,749 crore, with domestic deposits up 11.1% and international deposits up 5.7%.

• No one-off or non-recurring items contributed to profit; all earnings are operational.

Financial highlights

• Net interest income for Q3FY26 was ₹11,800 crore; non-interest income at ₹3,600 crore, up 5.9% YoY.

• Return on assets (ROA) for Q3FY26 was 1.09%; return on equity (ROE) was 15.59%.

• Net interest margin (NIM) for Q3FY26 was 2.79% globally and 2.93% domestically.

• Gross NPA ratio improved to 2.04%; net NPA at 0.57%; provision coverage ratio at 92.73%.

• Slippage ratio for Q3FY26 at 0.86%; credit cost at 0.17%.

Outlook and guidance

• Advances growth guidance revised to 11%-13% with upside, expecting to exceed 13% by March 2026.

• Deposit growth guidance at 9%-11%; ROA guidance above 1%; margin guidance at 2.85%-3% for the full year.

• Credit cost guidance revised downward to below 0.60%.

• Focus on digital transformation, sustainability, and expanding retail and MSME lending.

• Continued improvement in asset quality and capital position expected.