Mumbai: Bank of Baroda Q2FY26 results highlight a strong performance with a net profit of ₹4,809 crore, reflecting a 5.9% sequential growth.
For the half year ended September 30, 2025, the bank’s net profit stood at ₹9,351 crore, demonstrating resilient growth and improved profitability.
Bank of Baroda Q2FY26: Profitability and Margins
In Q2FY26, Bank of Baroda’s Net Interest Income (NII) rose 4.5% quarter-on-quarter to ₹11,954 crore, while Non-Interest Income reached ₹3,515 crore. Operating profit for the quarter stood at ₹7,576 crore, contributing to ₹15,812 crore in H1FY26.
Return on Assets (ROA) remained above the 1% mark at 1.07% for Q2FY26, while Return on Equity (ROE) improved to 15.37%, up 32 basis points sequentially. The bank’s Global Net Interest Margin (NIM) improved to 2.96%, with the Domestic NIM at 3.10% for the quarter.
Bank of Baroda Q2FY26: Strengthened Asset Quality
Bank of Baroda Q2FY26 results reflect continuous improvement in asset quality. The Gross NPA ratio declined to 2.16%, down 34 basis points year-on-year, while Net NPA fell to 0.57%. The Provision Coverage Ratio (PCR) remained robust at 93.21% with technical write-offs and 74.13% without write-offs.
Slippages reduced to 0.91%, marking a 16 basis points YoY improvement, while credit cost stood comfortably low at 0.29%.
Bank of Baroda Q2FY26: Business Growth and Advances
The bank’s global advances rose 11.9% YoY to ₹12,78,847 crore, supported by a strong retail loan portfolio that grew 17.6%. The retail growth was led by mortgages (up 19.8%), auto loans (17.7%), home loans (16.5%), personal loans (18.6%), and education loans (14.0%).
The share of retail, agriculture, and MSME loans (RAM) increased to 61.7% of total advances, showing a 310 bps improvement YoY. Agriculture loans grew 17.4%, while MSME advances rose 13.9%. Corporate advances recorded a 3% growth, reaching ₹4,00,682 crore.
Bank of Baroda Q2FY26: Deposits and Capital Position
Global deposits increased 9.3% YoY to ₹15,00,012 crore, with domestic deposits up 9.7% to ₹12,71,992 crore. Domestic CASA deposits grew 6.6% to ₹4,88,660 crore as of September 2025.
Bank of Baroda’s capital adequacy remained strong with a CRAR of 16.54% and CET-1 ratio of 13.36% as of September 2025. The consolidated entity reported a CRAR of 16.97% and CET-1 of 13.88%, supported by a consolidated Liquidity Coverage Ratio of approximately 121%.
Operational Efficiency
Operating expenses were contained at ₹7,893 crore, up 7.7% YoY, while the cost of deposits fell to 4.91%, improving both YoY and QoQ. The bank’s sustained operational efficiency supported profitability and balance sheet strength.
