Bank of Baroda (BANKBARODA) investor relations material

Executive summary

• Achieved record net profit of INR 20,021 crore in FY26, up 2.2% year-over-year, with Q4 net profit at INR 5,616 crore (+11.2% YoY).

• Global business volume reached INR 30.78 lakh crore as of March 2026, up 13.9% year-over-year.

• Asset quality improved, with GNPA at 1.89% and net NPA at 0.45% as of March 2026.

• Dividend of INR 8.5 per share declared/recommended for FY26, subject to approvals.

• Strong growth in advances (16.2% YoY globally) and deposits (12% YoY globally), with best quarterly growth in the last 10 quarters.

Financial highlights

• Net interest income for FY26 was INR 47,682 crore (+2.5% YoY); Q4FY26 NII at INR 12,494 crore (+8.7% YoY).

• Operating profit for FY26 at INR 32,259 crore; Q4 operating profit at INR 9,069 crore (+11.5% YoY).

• Non-interest income stable at INR 15,757 crore in FY26.

• Cost-to-income ratio increased to 49.15% in FY26 from 47.94% in FY25.

• Global advances grew 16.2% YoY to INR 14,29,879 crore; global deposits up 12% YoY to INR 16,48,487 crore.

Outlook and guidance

• Loan growth guidance raised to 12%-14% for FY27; deposit growth guidance increased to 10%-12%.

• NIM guidance for FY27 set at 2.75%-2.95%, with ROA guidance above 1% and credit cost below 0.60%.

• Focus on digital transformation, sustainable finance, and further reduction in NPAs.

• Recovery from written-off accounts guided at INR 750-800 crore per quarter.

• Dividend payout reflects confidence in future earnings and capital position.