Bank of Baroda announces Financial Results for the Quarter Year ended30th June 2025

Bank delivers strong operating performance with calibrated growth and resilient asset quality, Quarterly Operating Profit rises by 15% YoY.

• Operating Profit grew by 15% YoY to INR 8,236 crore in Q1FY26.
• Bank reported a Net Profit of INR 4,541 crore for Q1FY26 as against INR 4,458 crore in Q1FY25.
• The growth in operating profit was supported by 88% YoY growth in Non-Interest Income to INR 4,675 crore in Q1FY26.
• Growth in Non-Interest income was primarily driven by ~7x growth in Treasury Income which stands at INR 2,226 crore.
• Steady growth in operating income and contained growth in operating expenses led to a YoY reduction of 30 bps in Cost to Income ratio which stands at 48.87% for Q1FY26.
• Return on Assets (ROA) remains above 1% and stands at 1.03% for Q1FY26.
• Return on Equity (ROE) stands at 15.05% for Q1FY26.
• Global Net Interest Margin (NIM) for Q1FY26 is 2.91% with Domestic NIM at 3.06%.
• Bank continues to maintain strong Asset quality with reduction in GNPA by 60 bps YoY to 2.28% from 2.88% in Q1FY26. 
• Bank’s NNPA also reduced 9 bps to 0.60% in Q1FY26 as against 0.69% in Q1FY25.
• BOB’s balance sheet remains robust with healthy Provision Coverage Ratio (PCR) of 93.18% with TWO & at 74.04% without TWO.
• Credit cost remains below 0.75% at 0.55% for Q1FY26.
• BOB’s Global Advances registered a growth of 12.6% YoY and Domestic advances grew by 12.4% in Q1FY26 led by robust retail loan book growth.
• Bank’s organic Retail Advances grew by 17.5%, driven by strong growth across segments such as Mortgage Loan (18.6%), Auto Loan (17.9%), Home Loan (16.5%), Education Loan (15.4%) and Personal Loan (19.5%).
• Share of Retail, Agri Loans and MSME loans (RAM) in advances improved by 300 bps YoY to 62.7%. RAM portfolio grew by 18% in Q1FY26.

Profitability

• Net Profit for Q1FY26 stands at INR 4,541 crore (+1.9% YoY) as against INR 4,458 crore in Q1FY25.
• Net Interest Income for Q1FY26 stands at INR 11,435 crore.
• Non-Interest Income for Q1FY26 stands at INR 4,675 crore up by 88% YoY.
• Global NIM for Q1FY26 stands at 2.91% with Domestic NIM at 3.06%.
• Operating Profit for Q1FY26 increased by 15% to INR 8,236 crore.
• Cost to Income ratio reduced by 30 bps YoY and stands at 48.87% for Q1FY26.
• Return on Assets stands at 1.03% for Q1FY26.
• Return on Equity stands at 15.05% for Q1FY26

Financial results for Quarter ended 30^th June 2025

Particulars (INR crore)	Q1FY25	Q4FY25	Q1FY26	YoY(%)
Interest Income	29,629	31,117	31,091	4.9
Interest Expenses	18,029	19,622	19,657	9.0
Net Interest Income (NII)	11,600	11,494	11,435	-1.4
Non-Interest Income	2,487	4,735	4,675	88.0
Operating Income	14,087	16,229	16,109	14.4
Operating Expenses	6,926	8,097	7,873	13.7
Operating Profit	7,161	8,132	8,236	15.0
Total Provisions (other than tax) and contingencies	1,011	1,552	1,967	94.6
of which, Provision for NPA Bad Debts Written-off	1,269	1,297	1,686	32.9
Profit before Tax	6,150	6,581	6,270	1.9
Provision for Tax	1,692	1,533	1,728	2.1
Net Profit	4,458	5,048	4,541	1.9

*Includes Interest on Income Tax Refund of INR 370 crore in Q1FY26, INR 475 Crore in Q4FY25 and NIL in Q1FY25.

Business position

Particulars (INR crore)	Jun 30 2024	Mar 31 2025	Jun 30 2025	YoY (%)
Domestic deposits	11,14,039	12,42,169	12,04,283	8.1
Domestic CASA	4,49,019	4,96,462	4,73,637	5.5
Global deposits	13,15,573	14,72,034	14,35,634	9.1
Domestic advances	8,81,785	10,21,112	9,91,363	12.4
Of which, retail loan portfolio (Organic)	2,22,494	2,56,633	2,61,479	17.5
Global advances	10,71,681	12,30,461	12,07,056	12.6

Key Ratios

Particulars	Q1FY25	Q4FY25	Q1FY26
NIM Global %*	3.18	2.98	2.91
Return on Assets (%)	1.13	1.16	1.03
CRAR (%)	16.82	17.19	17.61
CET-1 (%)	13.08	13.78	14.12
Gross NPA (%)	2.88	2.26	2.28
Net NPA (%)	0.69	0.58	0.60
PCR (with TWO) (%)	93.32	93.29	93.18

*Including impact of reclassification of Interest on Income Tax Refund