Bank of Baroda Q3FY26 financial results show steady performance with consistent profitability, improving asset quality, and healthy business growth for the quarter and nine months ended December 31, 2025.
The state-owned lender reported a net profit of ₹5,055 crore in Q3FY26, registering a 4.5% year-on-year growth, while net profit for 9MFY26 stood at ₹14,405 crore.
Bank of Baroda Q3FY26 Highlights Strong Operating Performance
During Bank of Baroda Q3FY26, operating profit for the quarter stood at ₹7,377 crore, while operating profit for the nine-month period reached ₹23,190 crore.
- Net Interest Income (NII) for the quarter was reported at ₹11,800 crore, with NII for 9MFY26 at ₹35,189 crore.
- Non-interest income for Q3FY26 rose 5.9% YoY to ₹3,600 crore, while non-interest income for 9MFY26 increased 6.7% YoY to ₹11,790 crore.
- Operating expenses for the quarter stood at ₹8,024 crore, reflecting a 6.7% YoY increase.
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Bank of Baroda Q3FY26: Profitability Metrics Remain Healthy
In Bank of Baroda Q3FY26, Return on Assets (ROA) remained consistently above 1% at 1.09%, improving by 2 basis points quarter-on-quarter. ROA for 9MFY26 stood at 1.05%.
- Return on Equity (ROE) improved to 15.59% in Q3FY26, up by 22 basis points QoQ, while ROE for the nine-month period stood at 14.81%.
The bank’s global Net Interest Margin (NIM) stood at 2.79% in Q3FY26, while domestic NIM was higher at 2.93%. For 9MFY26, global and domestic NIM stood at 2.88% and 3.03%, respectively.
Bank of Baroda Q3FY26 Asset Quality Shows Continued Improvement
Bank of Baroda Q3FY26 reflected sustained improvement in asset quality, with the Gross NPA ratio declining to 2.04%, down by 39 basis points YoY.
- Net NPA stood at 0.57%, improving by 2 basis points YoY.
- The bank maintained a strong Provision Coverage Ratio (PCR) of 92.73% with TWO, and 72.21% without TWO.
- The slippage ratio declined to 0.86% in Q3FY26, down 4 basis points YoY and 5 basis points QoQ. Credit cost remained low at 0.17% for Q3FY26 and 0.34% for 9MFY26.
Capital Adequacy Remains Robust
As of December 2025, the Capital to Risk-Weighted Assets Ratio (CRAR) stood at 15.29%, with Tier-I capital at 13.10% and CET-1 at 12.45%.
On a consolidated basis, CRAR stood at 15.75%, while CET-1 stood at 12.97%. The consolidated Liquidity Coverage Ratio (LCR) was approximately 116%.
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Business Growth Accelerates in Bank of Baroda Q3FY26
Bank of Baroda Q3FY26 saw strong growth in advances and deposits. Domestic advances increased 13.6% YoY to ₹10,96,557 crore, while global advances rose 14.7% YoY to ₹13,44,904 crore.
Domestic deposits grew 11.1% YoY to ₹13,07,189 crore, while global deposits increased 10.3% YoY to ₹15,46,749 crore. Domestic CASA deposits stood at ₹5,02,560 crore, registering 8.6% YoY growth.
Retail, MSME and Agri Loans Drive Growth
Organic retail advances grew 17.4% YoY, led by strong performance across mortgage loans, auto loans, home loans, education loans, and personal loans.
The agriculture loan portfolio expanded 19.0% YoY to ₹1,79,805 crore, while the organic MSME portfolio grew 16.4% YoY to ₹1,53,415 crore.
The share of Retail, Agriculture and MSME (RAM) loans in total advances improved by 190 basis points YoY to 61.8%, with the RAM portfolio growing 17.3% during Q3FY26.
