Business EconomyPosted at: Oct 30 2026 5:17PM


Bank of Baroda posts record Q2 profit of Rs 6,532 crore

Mumbai, Oct 30 (UNI) Public sector lender Bank of Baroda on Friday reported its highest-ever quarterly net profit of Rs 6,532 crore for the July-September quarter of FY27, registering a 35.8 per cent year-on-year growth, even as its first-half net profit declined 16.5 per cent amid a sharp increase in provisioning.
The bank's H1 net profit stood at Rs 7,810 crore against Rs 9,351 crore in the corresponding period last year, despite a 23.7 per cent rise in operating profit to Rs 19,557 crore. Total provisions and contingencies during the first half surged to Rs 8,705 crore from Rs 3,199 crore a year ago.
The strong second-quarter performance was driven by a 50.9 per cent jump in operating profit to a record Rs 11,430 crore, alongside a sharp increase in non-interest income.
Net interest income (NII) grew 9 per cent year-on-year to Rs 13,026 crore, while non-interest income almost doubled, surging 95.8 per cent to Rs 6,881 crore. Operating income increased 28.7 per cent to Rs 19,907 crore.
However, the bank's global net interest margin declined to 2.74 per cent in Q2FY27 from 2.96 per cent in the year-ago quarter, indicating pressure on margins despite growth in interest income. Interest expenses rose 12.8 per cent, outpacing the 11.3 per cent increase in interest income.
On the asset quality front, the bank reported an improvement, with its gross non-performing asset (GNPA) ratio declining to 1.78 per cent in September 2026 from 2.16 per cent a year ago. The net NPA ratio also fell to 0.37 per cent from 0.57 per cent.
The provision coverage ratio, including technical write-offs, improved to 94.65 per cent, while the slippage ratio declined to 0.69 per cent during the quarter.
The bank's global business expanded 17.2 per cent year-on-year to Rs 32.57 lakh crore as of September 30, 2026.
Global deposits grew 16.4 per cent to Rs 17.45 lakh crore, while global advances increased 18.3 per cent to Rs 15.12 lakh crore. Domestic deposits rose 16.6 per cent to Rs 14.83 lakh crore and domestic advances grew 13.5 per cent to Rs 11.87 lakh crore.
Domestic CASA deposits registered a growth of 10.4 per cent to Rs 5.39 lakh crore.
The retail, agriculture and MSME (RAM) portfolio grew 18 per cent year-on-year, accounting for 64.2 per cent of domestic advances. Organic retail advances increased 18.6 per cent, agriculture loans grew 19 per cent to Rs 2.01 lakh crore and the organic MSME portfolio expanded 21.3 per cent to Rs 1.75 lakh crore. Corporate advances registered a comparatively modest growth of 6.3 per cent to Rs 4.25 lakh crore.
The bank's capital adequacy ratio stood at 16.61 per cent at the end of September 2026, with the Common Equity Tier-1 ratio at 14.20 per cent.
The results were announced for the quarter and half year ended September 30, 2026.
UNI BDN
Tags: #Bank of Baroda posts record Q2 profit of Rs 6#532 crore
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