Bank of Baroda (BANKBARODA) investor relations material

Executive summary

• Global business grew 15.4% YoY to INR 30.5 lakh crore, with advances up 17.4% and deposits up 13.8%.

• Net profit for Q1FY27 was INR 1,278 crore, impacted by a $600 million (INR 5,680 crore) exceptional settlement; adjusted net profit would have been INR 5,528 crore.

• Asset quality improved with GNPA at 1.99% and NNPA at 0.50% as of June 2026.

• Out-of-court settlement of legacy NMC litigation fully absorbed in the quarter, resolving all related claims.

• Capital adequacy remains strong with CRAR at 16.30%.

Financial highlights

• Operating profit for the quarter at INR 8,127 crore; net interest income rose 9.5% YoY to INR 12,524 crore.

• Non-interest income fell 25.8% YoY to INR 3,470 crore, mainly due to lower treasury income and trading gains.

• Domestic advances grew 16.1% YoY; international advances up 23.3% YoY.

• Domestic deposits up 14.7% YoY; term deposits grew 17.8% YoY.

• Net interest margin (global) stood at 2.77% for Q1FY27.

Outlook and guidance

• Credit growth guidance maintained at 12%-14%; deposit growth at 10%-12%.

• NIM guidance remains at 2.75%-2.95%; Q1 NIM at 2.77%.

• Credit cost guidance at 0.6%, with Q1 at 0.29%.

• ROA expected to be above 1% for Q2-Q4; full-year guidance to be updated next quarter.

• Focus on digital transformation, sustainability, and expanding retail and MSME lending.