Bank of Baroda Q2 Results: Bank of Baroda (BoB), one of India’s top public sector lenders, reported a mixed set of numbers for the September quarter of FY26. The bank’s net profit declined 8.2 per cent year-on-year to Rs 4,809 crore, compared with Rs 5,238 crore in the same quarter last year, as lower non-interest income dragged overall profitability. Sequentially, however, profit improved 5.9 per cent, reflecting operational stability.
Total net interest income (NII) grew 2.7 per cent year-on-year to Rs 11,954 crore during the quarter, supported by steady loan growth. Non-interest income, however, dropped sharply by 32 per cent to Rs 3,515 crore, mainly due to lower treasury and fee-based income. As a result, operating profit fell 20.1 per cent year-on-year to Rs 7,576 crore.
Bank of Baroda maintained its strong asset quality trajectory in Q2FY26. The Gross Non-Performing Asset (GNPA) ratio improved to 2.16 per cent from 2.50 per cent a year earlier, while the Net NPA ratio eased to 0.57 per cent from 0.60 per cent. The Provision Coverage Ratio (PCR) remained robust at 93.21 per cent, including technical write-offs, indicating healthy provisioning buffers.
The bank’s lending and deposit base continued to expand at a healthy pace. Global advances rose 11.9 per cent year-on-year to Rs 12.79 lakh crore, while domestic advances grew 11.5 per cent to Rs 10.47 lakh crore. On the liabilities side, global deposits increased 9.3 per cent to Rs 15 lakh crore, driven by sustained growth in retail and CASA deposits.
Profitability and capital strength
Bank of Baroda reported a Return on Assets (RoA) of 1.07 per cent and a Return on Equity (RoE) of 15.37 per cent, which rose by 32 basis points sequentially. The bank’s capital adequacy remained strong with a Capital Adequacy Ratio (CRAR) of 16.54 per cent and a Common Equity Tier-1 (CET-1) ratio of 13.36 per cent as of September 30, 2025.
Management commentary
The management said the bank continues to focus on expanding its retail and MSME portfolios while maintaining credit discipline and strengthening risk management.
Stock performance snapshot
Bank of Baroda shares have gained over 520 per cent in the past five years, rising 11.4 per cent in the last six months and nearly 8 per cent over the past month, reflecting investor confidence in its long-term fundamentals.
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