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Bank of Baroda Q4 Profit Soars on Strong Loan Growth
8 May
Summary
- Bank of Baroda's Q4 net profit rose 11.3% to ₹5,615.7 crore.
- Gross NPAs decreased to 1.89%, and net NPAs eased to 0.45%.
- The bank forecasts 10-12% deposit growth and stable margins for FY27.
Bank of Baroda reported a robust financial performance for the fourth quarter ended March, with net profit climbing 11.3% year-on-year to ₹5,615.7 crore. This figure exceeded market expectations, driven by strong business expansion and enhanced asset quality.
Net interest income saw an increase of 8.7% to ₹12,493.7 crore. The bank's asset quality improved sequentially, with gross non-performing assets falling to 1.89% and the net NPA ratio declining to 0.45%.
Looking towards FY27, Bank of Baroda projected deposit growth between 10% and 12%, while maintaining its net interest margin guidance. The bank also recommended a final dividend of ₹8.50 per equity share, subject to shareholder approval.
