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Bank of Baroda Beats Loan Growth Targets
30 Jan
Summary
- Net profit grew 4.5% to ₹5,054 crore in the December quarter.
- Loan book expanded 14.6% year-on-year, surpassing guidance.
- Asset quality remained robust with falling gross NPAs.
Bank of Baroda Ltd. announced its financial results for the December quarter, revealing a modest net profit growth of 4.5%, reaching ₹5,054 crore. The bank's net interest income remained largely stable year-on-year.
Asset quality showed continued improvement, with gross non-performing assets decreasing to 2.04% and net NPAs holding steady at 0.57%. Collection efficiency remained high at 98.63% as of December 2025, excluding agriculture.
The bank's loan book experienced significant expansion, growing 14.6% year-on-year to ₹13.43 lakh crore, exceeding management's projected growth of 11-13%. Domestic advances also saw a healthy increase of 13.54%.
Deposits grew by 10.3% year-on-year, and the bank successfully exceeded regulatory norms in priority sector lending. The card business also demonstrated steady growth, with active cards increasing and card spends rising by 17.3% in the first nine months of FY26.
