State-owned Bank of Baroda (BoB) on Thursday (July 3) reported a 10.7% year-on-year (YoY) growth in global business, reaching ₹27.43 lakh crore as of June 30, 2025, according to its Q1 FY26 business update.
Global advances rose 12.6% YoY to ₹12.07 lakh crore, while global deposits increased 9.1% to ₹14.36 lakh crore. The bank also saw steady growth in its domestic operations, with domestic advances rising 12.5% to ₹9.91 lakh crore and domestic deposits up 8.1% at ₹12.04 lakh crore.
Fourth quarter numbers
Net profit for the period stood at ₹5,048 crore, a growth of 3.2% from the same quarter last year. The figure was higher than the CNBC-TV18 poll of ₹4,801.7 crore. Notably, the profitability for the lender was aided by a higher other income component. Other income increased by 24% on a YoY basis to ₹5,210 crore.
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Net interest income or the bank’s core income, declined by 6.6% from the year-ago quarter to ₹11,019 crore. A CNBC-TV18 poll had projected the figure at ₹11,678 crore. Gross NPA during the quarter stood at 2.26%, down from 2.43% last quarter, while net NPA stood at 0.58%, compared to 0.59% in the December quarter.
Total provisions during the March quarter stood at ₹1,552 crore, higher than the ₹1,082 crore during the December quarter. Gross slippages at the end of the March quarter stood at ₹3,159 crore from ₹2,915 crore during the December quarter. Write-offs also saw an increase in comparison to the December quarter to ₹1,662 crore from ₹1,167 crore.
Shares of Bank of Baroda ended at ₹242.35, down by ₹0.50, or 0.21%, on the BSE.
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