Bank of Baroda Q1 FY26 Net Profit ₹4,541 Crore, Up 1.9% YoY

* Bank of Baroda's Q1 FY26 net profit stood at ₹4,541 crore, a 1.9% increase year-over-year (YoY). * Operating profit for the quarter was ₹8,236 crore, reflecting a 15% YoY growth. * Global advances grew by 12.6% YoY, with domestic advances up 12.4% and international advances up 13.6%. * The bank focused on RAM (Retail, Agriculture, and MSME) advances, with organic retail growing by 17.5%, agriculture by 16.2%, and MSME by 13.1%. * Corporate loans saw a more modest growth of 4.2% YoY. * Total deposits increased by 9.1%, with international deposits growing by 14.8% and domestic deposits by 8.1%. * The bank's credit deposit ratio is at 84.08%, and the CASA ratio stands at 39.33%. * Asset quality remained robust, with GNPA improving by 60 bps YoY to 2.28% and Net NPA at 0.60%. * Provision coverage ratio, including TWO, is at 93.18%. * Slippage ratio for Q1 stood at 1.16%, and credit cost was at 0.55%. * Capital position remains strong, with CET-1 at 14.12%, Tier-1 at 15.15%, and CRAR at 17.61%. * Management Commentary: Mr. Debadatta Chand, MD & CEO, highlighted the bank's consistent and stable business model, emphasizing sustainability and building on fundamental strengths. He noted strong advances growth, particularly in the retail sector, and a focus on retailizing the book. * The bank aims to increase the RAM book to 65% in 2 to 3 years. * The bank expects roughly 70 to 80% of the deposit book would get repriced by the end of September, and with that scenario then possibly the upside actually in terms of a positive outcome both in terms of aligning the asset and liability would start coming Q3 onwards. So, the bank has a much positive margin outlook both the margin and the NII outlook both for Q3 and Q4. Whereas Q2 still can continue because of the impact.