Bank of Baroda Q4 FY26 Net Profit Soars 11.2% to ₹5,616 Crore, Highest Ever
Bank of Baroda reported its highest ever Q4 FY26 net profit of ₹5,616 crore, up 11.2% YoY. Full year net profit was a record ₹20,021 crore. Global business crossed ₹30 lakh crore. Loan growth guidance was revised up to 12-14%. The bank declared a dividend of ₹8.5 per share.
The announcement includes record-breaking financial results, improved key ratios, and upward revision of future guidance, which are significant positive developments for the company and its investors.
The bank reported record profits, robust growth across key metrics (business volume, advances, deposits), and improved asset quality. Guidance was also revised upwards, indicating strong performance and positive future outlook.
Bank of Baroda announced its financial results for the fourth quarter and full year ended March 31, 2026. The bank achieved its highest ever quarterly net profit of ₹5,616 crore, marking an 11.2% year-on-year growth. For the full financial year 2026, the net profit also reached a record high of ₹20,021 crore.
Global business volume crossed ₹30 lakh crore, with a year-on-year growth of 13.9%, reaching ₹30.78 lakh crore. Global advances grew by 16.2% YoY, driven by domestic advances up 14.5% and international advances up 24.4%. The bank focused on RAM (Retail, Agriculture, MSME) advances, which saw organic retail book grow by 17.9%, agriculture by 20.7%, and organic MSME by 15.6%. Corporate loans grew by 11.2% YoY.
Deposit growth stood at 12% YoY, with domestic deposits increasing by 12.8%. Domestic CASA deposits grew by 9.8%, and term deposits registered a growth of 14.8% YoY. The CASA ratio was 38.9%, up 45 bps sequentially.
Operating profit for the quarter was ₹9,069 crore, an 11.5% YoY increase. For the full year, operating profit stood at ₹32,259 crore. Return on assets was 1.15% for the quarter and 1.06% for the full year. Return on equity was 17.27% for the quarter and 15.39% for the full year.
Asset quality remained robust, with GNPA ratio improving by 37 bps YoY to 1.89%, and Net NPA ratio falling below 1% to 0.45%. The provision coverage ratio was 93.94%. Slippage ratio for Q4 2026 reduced by 11 bps YoY to 0.89%, and for FY 2026, it reduced by 6 bps YoY to 0.72%. Credit cost for Q4 FY2026 was 0.76%, including a prudential floating provision of ₹1,500 crore. Excluding this, credit cost would have been 0.32%. Full year credit cost was 0.46%, or 0.34% excluding floating provisions.
The bank has declared a dividend of ₹8.5 per share, subject to approvals. Management reiterated guidance, upsizing loan growth to 12-14% (from 11-13%) and deposit growth to 10-12% (from 9-11%). NIM guidance is maintained at 2.75-2.95% for the full year. ROA is expected to be over 1%, slippage ratio at 1-1.25%, and credit cost less than 0.60% for the full year.
Recent initiatives include raising ₹10,000 crore in green infrastructure bonds, operationalizing BOB Securities and Giltedge Limited for primary dealer business, and announcing the intention to float a pension fund.
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