Bank continues to maintain strong Asset quality with reduction in GNPA by 39 bps YoY to 2.04% in Q3FY26.
FinTech BizNews Service
Mumbai, 30 January 2026: Bank of Baroda today announced Financial Results for the Quarter and Nine Months ended 31st December 2025. The bank has delivered consistent growth momentum supported by stable asset quality and strong profits.
Highlights · Bank’s Net Profit rises to INR 5,055 crore for Q3FY26, up by 4.5% YoY. Net Profit for 9MFY26 stands at INR 14,405 crore · Operating Profit for the quarter stands at INR 7,377 crore and at INR 23,190 crore for 9MFY26. · Net Interest Income for the quarter stands at INR 11,800 crore. It stands at INR 35,189 crore for 9MFY26. · Non-Interest Income for the quarter stands at INR 3,600 crore up by 5.9% YoY. It stands at INR 11,790 crore for 9MFY26, registering a growth of 6.7% YoY. · Operating expenses stands at INR 8,024 crore (+6.7% YoY) for the quarter and at INR 23,789 crore for 9MFY26. · Return on Assets (ROA) remains consistently above 1% and it stands at 1.09% for Q3FY26 (+2 bps QoQ) and 1.05% for 9MFY26. · Return on Equity (ROE) stands at 15.59% for Q3FY26, up by 22 bps QoQ. It stands at 14.81% for 9MFY26 · Cost of deposits for the quarter stands at 4.75%, a reduction of 33 bps YoY and 16 bps QoQ. · Global Net Interest Margin (NIM) for Q3FY26 stands at 2.79%. It stands at 2.88% for 9MFY26. · Domestic Net Interest Margin (NIM) stands at 2.93% for the quarter. It stands at 3.03% for 9MFY26. · Bank continues to maintain strong Asset quality with reduction in GNPA by 39 bps YoY to 2.04% in Q3FY26. Bank’s NNPA also reduced by 2 bps YoY and stands at 0.57% in Q3FY26. · Bank’s balance sheet remains robust with healthy Provision Coverage Ratio (PCR) of 92.73% with TWO & at 72.21% without TWO. · Slippage ratio for Q3FY26 declined by 4 bps YoY and 5 bps QoQ to 0.86%. It stands at 0.79% for 9MFY26 · Credit cost remains below 0.75% at 0.17% for Q3FY26 and 0.34% for 9MFY26. · Bank’s Global Advances registered a growth of 14.7% YoY and Domestic advances grew by 13.6% in Q3FY26. · Bank’s organic Retail Advances grew by 17.4%, driven by strong growth across segments such as Mortgage Loan (21.0%), Auto Loan (17.4%), Home Loan (16.0%), Education Loan (12.8%) and Personal Loan (12.0%). · Share of Retail, Agri Loans and MSME loans (RAM) in advances improved by 190 bps YoY to 61.8%. RAM portfolio grew by 17.3% in Q3FY26. |
Profitability
v Net Profit for Q3FY26 stands at INR 5,055 crore (+4.5% YoY) and it stands at INR 14,405 crore for 9MFY26.
v Net Interest Income for Q3FY26 stands at INR 11,800 crore and at INR 35,189 crore for 9MFY26.
v Non-Interest Income for Q3FY26 stands at INR 3,600 crore (+5.9% YoY). Non-Interest Income for 9MFY26 grew by 6.7% YoY and stands at INR 11,790 crore.
v Global Net Interest Margin (NIM) for Q3FY26 stands at 2.79%. It stands at 2.88% for 9MFY26.
v Domestic Net Interest Margin (NIM) stands at 2.93% for the quarter. It stands at 3.03% for 9MFY26.
v Operating Profit for the quarter stands at INR 7,377 crore and at INR 23,190 crore for 9MFY26.
v Return on Assets (ROA) remains consistently above 1% and stands at 1.09% for Q3FY26 and 1.05% for 9MFY26.
v Return on Equity (ROE) stands at 15.59% for Q3FY26 and at 14.81% for 9MFY26
Asset Quality
v Gross NPA Ratio improved to 2.04% in Q3FY26 from 2.43% in Q3FY25.
v The Net NPA Ratio of the Bank reduced by 2 bps YoY and stands at 0.57% in Q3FY26.
v Bank’s balance sheet remains robust with healthy Provision Coverage Ratio (PCR) of 92.73% with TWO & at 72.21% without TWO.
v Slippage ratio for Q3FY26 declined by 4 bps YoY and 5 bps QoQ to 0.86%. It stands at 0.79% for 9MFY26
v Credit cost remains below 0.75% at 0.17% for Q3FY26 and 0.34% for 9MFY26.
Capital Adequacy
v CRAR of the Bank stands at 15.29% in Dec’25. Tier-I stood at 13.10% (CET-1 at 12.45%, AT1 at 0.65%) and Tier-II stood at 2.19% as of Dec’25.
v The CRAR and CET-1 of consolidated entity stands at 15.75% and 12.97% respectively.
v The Liquidity Coverage Ratio (LCR) consolidated stands at 116% (approx.).
Business Performance
v Domestic Advances of the Bank increased to INR 10,96,557 crore, +13.6% YoY.
v Global Advances of the Bank increased to INR 13,44,904 crore, +14.7% YoY.
v Domestic Deposits increased by 11.1% YoY to INR 13,07,189 crore in Dec’25.
v Global Deposits increased by 10.3% YoY to INR 15,46,749 crore.
v Domestic CASA deposits registered a growth of 8.6% YoY and stands at INR 5,02,560 crore as of 31st December 2025.
v International Deposits grew by 5.7% on a YoY basis to INR 2,39,560 crore in Dec’25.
v Organic Retail Advances grew by 17.4%, led by strong growth across segments such as Mortgage Loan (21.0%), Auto Loan (17.4%), Home Loan (16.0%), Education Loan (12.8%) and Personal Loan (12.0%) on a YoY basis.
v Agriculture loan portfolio grew by 19.0% YoY to INR 1,79,805 crore.
v Organic MSME portfolio grew by 16.4% YoY to INR 1,53,415 crore.
v Corporate advances registered a growth of 8.1% YoY and stands at INR 4,18,963 crore.
Financial results for Quarter and Nine Months ended 31st December 2025
Particulars (INR crore) | Q3FY25 | Q2FY26 | Q3FY26 | YoY(%) | 9MFY25 | 9MFY26 | YoY(%) |
Interest Income | 31,277 | 31,511 | 31,750 | 1.5 | 91,184 | 94,352 | 3.5 |
Interest Expenses | 19,491 | 19,557 | 19,950 | 2.4 | 56,161 | 59,163 | 5.3 |
Net Interest Income (NII) | 11,786 | 11,954 | 11,800 | 0.1 | 35,023 | 35,189 | 0.5 |
Non-Interest Income | 3,400 | 3,515 | 3,600 | 5.9 | 11,053 | 11,790 | 6.7 |
Operating Income | 15,186 | 15,469 | 15,400 | 1.4 | 46,077 | 46,979 | 2.0 |
Operating Expenses | 7,522 | 7,893 | 8,024 | 6.7 | 21,774 | 23,789 | 9.3 |
Operating Profit | 7,664 | 7,576 | 7,377 | -3.7 | 24,303 | 23,190 | -4.6 |
Total Provisions (other than tax) and contingencies | 1,082 | 1,232 | 799 | -26.2 | 4,429 | 3,998 | -9.7 |
of which, Provision for NPA Bad Debts Written-off | 871 | 883 | 559 | -35.9 | 3,874 | 3,128 | -19.3 |
Profit before Tax | 6,582 | 6,343 | 6,578 | -0.1 | 19,873 | 19,191 | -3.4 |
Provision for Tax | 1,745 | 1,534 | 1,524 | -12.7 | 5,340 | 4,786 | -10.4 |
Net Profit | 4,837 | 4,809 | 5,055 | 4.5 | 14,533 | 14,405 | -0.9 |
Business position
Particulars (INR crore) | Dec 31 2024 | Sep 30 2025 | Dec 31 2025 | YoY (%) |
Domestic deposits | 11,76,321 | 12,71,992 | 13,07,189 | 11.1 |
Domestic CASA | 4,62,617 | 4,88,660 | 5,02,560 | 8.6 |
Global deposits | 14,02,909 | 15,00,012 | 15,46,749 | 10.3 |
Domestic advances | 9,64,869 | 10,46,506 | 10,96,557 | 13.6 |
Of which, retail loan portfolio (Organic) | 2,43,360 | 2,73,116 | 2,85,786 | 17.4 |
Global advances | 11,73,034 | 12,78,847 | 13,44,904 | 14.7 |
Key Ratios
Particulars | Q3FY25 | Q2FY26 | Q3FY26 |
NIM Global % | 3.04 | 2.96 | 2.79 |
Return on Assets (%) | 1.15 | 1.07 | 1.09 |
CRAR (%) | 15.96 | 16.54 | 15.29 |
CET-1 (%) | 12.38 | 13.36 | 12.45 |
Gross NPA (%) | 2.43 | 2.16 | 2.04 |
Net NPA (%) | 0.59 | 0.57 | 0.57 |
PCR (with TWO) (%) | 93.51 | 93.21 | 92.73 |
