Bank of Baroda reports Q2 net profit of Rs 4,809 crore, improved asset quality

Mumbai, 1 November – Bank of Baroda, the state‑owned lender, posted mixed results for the second quarter of its 2026 fiscal year (Q2FY26). While revenue grew, the bank’s net profit fell 8 % year‑on‑year to ₹4,809 crore.

Profit and earnings

• Net profit dropped 8.2 % YoY from ₹5,238 crore in the same quarter last year, but rose 5.9 % from the previous quarter.
• The bank’s operating profit for the quarter was ₹7,576 crore, with a half‑year figure of ₹15,812 crore.
• Net interest income climbed to ₹11,954 crore, up 4.5 % QoQ, and reached ₹23,388 crore for the first half of FY26.

Costs and asset quality

• Operating expenses hit ₹7,893 crore for the quarter, a 7.7 % jump YoY.
• Gross non‑performing assets (NPAs) fell 34 basis points YoY to 2.16 %, and the net NPA rate settled at 0.57 % in Q2FY26.

Margin performance

• Global net interest margin (NIM) improved by 5 basis points sequentially to 2.96 %, up from 2.93 % in H1FY26.
• Domestic NIM stood at 3.10 %, a 4‑basis‑point increase quarter‑on‑quarter.

Retail loan growth

• Organic retail advances grew by 17.6 %, driven by strong demand in several loan segments:
  • Mortgage loans +19.8 %
  • Auto loans +17.7 %
  • Home loans +16.5 %
  • Education loans +14.0 %
  • Personal loans +18.6 %

Stock performance

• On a year‑to‑date basis, the Bank of Baroda shares have risen 15.27 %. Monthly gains stand at 7.11 %.

The bank said it remains focused on improving asset quality while continuing to grow its retail loan book. ()

Source: ianslive


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