Mumbai |Bank of Baroda (“The Bank”) established on July 20, 1908 is an Indian state-owned banking and financial services organization, headquartered in Vadodara (earlier known as Baroda), in Gujarat, India. Under the ‘Alternative Mechanism’ scheme, the Government announced the amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda which came into effect on April 1, 2019.
Bank of Baroda is one of India’s largest banks with a strong domestic presence spanning 8,677 branches and 11,633 ATMs and Cash Recyclers supported by self-service channels. The Bank has a significant international presence with a network of 80 overseas offices across 15 countries & 43 branches of Overseas Associate.
· Bank delivers highest ever quarterly Net Profit of INR 6,532 crore (+35.8% YoY). Net Profit for H1FY27 stands at INR 7,810 crore.
· Net Interest Income (NII) for the quarter expanded by 9.0% on a YoY basis and stands at INR 13,026 crore. NII stands at INR 25,551 crore for H1FY27 (+9.2% YoY).
· Non-Interest Income stands for the quarter at INR 6,881 crore (+95.8% YoY). It stands at INR 10,351 crore for H1FY27 registering a YoY growth of 26.4%.
· Bank’s Operating Income registered a YoY growth of 28.7% and stands at INR 19,907 crore for the quarter. It stands at INR 35,902 crore for H1FY27 (+13.7% YoY).
· Operating expenses for the quarter stand at INR 8,477 crore, up by 7.4% YoY. It stands at INR 16,345 crore for the half year (+3.7% YoY).
· Operating Profit for the quarter rises by 50.9% YoY and stands at INR 11,430 crore, highest ever quarterly operating profit posted by the Bank. Operating Profit for H1FY27 stands at INR 19,557 crore (+23.7% YoY).
· Return on Assets (ROA) for the quarter increased by 19 bps YoY and stands at 1.26%. ROA for H1FY27 stands at 0.75%.
· Return on Equity (ROE) increased by 363 bps YoY and stands at 19.28% for Q2FY27. ROE for H1FY27 stands at 11.63%.
· Bank continues to maintain robust Asset quality with reduction in GNPA ratio by 38 bps YoY to 1.78% in Q2FY27.
· Bank’s NNPA ratio also reduced by 20 bps YoY and stands at 0.37% in Q2FY27.
· Bank’s balance sheet continues to be robust with healthy Provision Coverage Ratio (PCR). PCR with TWO improved by 144 bps YoY to 94.65%. PCR without TWO also improved by 535 bps YoY to 79.48%.
· Slippage ratio for Q2FY27 declined by 22 bps YoY to 0.69%. It stands at 0.67% for H1FY27 as against 0.90% in H1FY26.
· Bank’s Global Business stands at INR 32,57,883 crore registering a growth of 17.2% YoY.
· Global Deposits registered a growth of 16.4% YoY and Domestic Deposits were up by 16.6% YoY as of 30th September 2026.
· Domestic CASA deposits registered a robust growth of 10.4% YoY and stand at INR 5,39,515 crore.
· Bank’s Global Advances registered a growth of 18.3% YoY and Domestic advances grew by 13.5% YoY as of 30th September 2026.
· RAM portfolio grew by 18.0% YoY and share of Retail, Agri Loans and MSME loans (RAM) in domestic advances stands at 64.2% as of 30th September 2026.
Profitability
v Net Profit for Q2FY27 stands at INR 6,532 crore, registering a growth of 35.8% YoY. Net Profit for H1FY27 stands at INR 7,810 crore.
v Net Interest Income for Q2FY27 stands at INR 13,026 crore (+9.0% YoY). It stands at INR 25,551 crore for H1FY27 (+9.2% YoY)
v Non-Interest Income stands at INR 6,881 crore for Q2FY27 (+95.8% YoY) and at INR 10,351 crore for H1FY27, up by 26.4% YoY.
v Global Net Interest Margin (NIM) for Q2FY27 stands at 2.74%. Net Interest Margin (NIM) for H1FY27 stands at 2.76%.
v Operating Profit for the quarter rises by 50.9% YoY and stands at INR 11,430 crore. Operating Profit for H1FY27 stands at INR 19,557 crore (+23.7% YoY)
v Return on Assets (ROA) for the quarter increased by 19 bps YoY and stands at 1.26%. ROA for H1FY27 stands at 0.75%.
v Return on Equity (ROE) increased by 363 bps YoY and stands at 19.28% for Q2FY27. ROE for H1FY27 stands at 11.63%.
Asset Quality
v Gross NPA Ratio improved to 1.78% in Q2FY27 from 2.16% in Q2FY26.
v NNPA ratio also reduced by 20 bps YoY and stands at 0.37% in Q2FY27
v Bank’s balance sheet continues to be robust with healthy Provision Coverage Ratio (PCR). PCR with TWO improved by 144 bps YoY to 94.65%. PCR without TWO also improved by 535 bps YoY to 79.48%.
v Slippage ratio for Q2FY27 declined by 22 bps YoY to 0.69%. It stands at 0.67% for H1FY27 as against 0.90% in H1FY26.
v Credit cost stands at 0.55% for Q2FY27. It stands at 0.42% for H1FY27.
Capital Adequacy
v CRAR of the Bank stands at 16.61% in Sep’26. Tier-I stood at 14.70% (CET-1 at 14.20%, AT1 at 0.50%) and Tier-II stood at 1.91% as of Sep’26.
v The CRAR and CET-1 of consolidated entity stands at 17.01% and 14.65% respectively.
v The Quarterly Average Liquidity Coverage Ratio (LCR) (standalone) stands at 133.6% (approx.).
Business Performance
v Domestic Advances of the Bank increased to INR 11,87,944 crore, +13.5% YoY.
v Global Advances of the Bank increased to INR 15,12,448 crore, +18.3% YoY.
v International Advances grew by 39.7% on a YoY basis to INR 3,24,504 crore in Sep’26.
v Domestic Deposits increased by 16.6% YoY to INR 14,83,521 crore in Sep’26.
v Global Deposits increased by 16.4% YoY to INR 17,45,435 crore.
v Domestic CASA deposits registered a growth of 10.4% YoY and stand at INR 5,39,515 crore as of 30th September 2026
v International Deposits grew by 14.9% on a YoY basis to INR 2,61,915 crore in Sep’26.
v Organic Retail Advances grew by 18.6% YoY, driven by strong YoY growth across segments such as Auto Loan (27.8%), Mortgage Loan (20.3%), Home Loan (14.6%) and Education Loan (9.9%).
v Agriculture loan portfolio grew by 19% YoY to INR 2,01,946 crore.
v Organic MSME portfolio grew by 21.3% YoY to INR 1,75,207 crore.
v Corporate advances registered a growth of 6.3% YoY and stand at INR 4,25,736 crore.
Financial results for Quarter and Half year ended 30th September 2026
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