State-run Bank of Baroda reported robust business growth in the first quarter of FY27, with global business increasing 15.46% year-on-year to ₹30.51 lakh crore as of June 30, 2026. According to the provisional business update filed with stock exchanges under SEBI's LODR Regulations, global advances rose 17.42% to ₹14.17 lakh crore, while global deposits increased 13.81% to ₹16.34 lakh crore. The bank's global business stood at ₹30.51 lakh crore compared with ₹26.43 lakh crore in the corresponding quarter last year, showing strong expansion driven by robust loan book growth. The growth was led by strong expansion in the bank's loan book, with global advances rising from ₹12.07 lakh crore a year earlier. Compared with the March 2026 quarter, global business remained broadly stable at ₹30.51 lakh crore.
The bank demonstrated strong domestic market performance with domestic deposits growing 14.74% year-on-year to ₹13.82 lakh crore and domestic advances increasing 16.14% to ₹11.51 lakh crore. Domestic retail advances, excluding pool purchase, rose 18.45% year-on-year to ₹3.09 lakh crore, indicating robust retail banking growth and sustained demand across consumer loan segments. On a sequential basis, however, the bank's overall business moderated slightly, with global deposits at ₹16.34 lakh crore against ₹16.48 lakh crore at the end of March, while global advances declined marginally to ₹14.17 lakh crore from ₹14.30 lakh crore. The figures disclosed by the bank are provisional and remain subject to audit and review by the statutory central auditors.
The lender reported further improvement in asset quality during the quarter. Gross non-performing asset (GNPA) ratio declined to 1.89% from 2.04% in the previous quarter, while net NPA ratio improved to 0.45% from 0.57%. In absolute terms, gross NPAs stood at ₹27,058.6 crore, lower than ₹27,399.4 crore reported in the December quarter. Net NPAs declined to ₹6,316 crore from ₹7,615 crore, reflecting continued recoveries and lower slippages. This improvement in asset quality metrics demonstrates the bank's enhanced risk management and recovery efforts.
The latest business update comes after Bank of Baroda delivered a better-than-expected financial performance in the March quarter. The bank reported a net profit of ₹5,615.7 crore, an increase of 11.3% from ₹5,048 crore in the corresponding quarter of the previous year, with the profit higher than market expectations. Net interest income (NII) rose 8.7% year-on-year to ₹12,493.7 crore, compared with ₹11,494 crore in the year-ago period, supported by healthy credit growth. The March quarter performance was described as one of the strongest over the last 10 quarters in terms of both deposit and advances growth.
Managing Director and Chief Executive Officer Debadatta Chand said the bank continues to focus on expanding its retail, agriculture and MSME (RAM) portfolio. For FY27, the bank has guided for deposit growth of 10-12% and credit growth of 12-14%, while retaining its net interest margin (NIM) guidance of 2.75-2.95%. It has also maintained its expectation for return on assets (RoA) to remain above 1% and targets a slippage ratio of 1.2-1.25% and credit cost below 0.60%. Despite the healthy business update, shares of Bank of Baroda ended 4.20% lower at ₹260.10 on the BSE on Thursday, with the bank clarifying that the figures as of June 30 are provisional and subject to audit/review by its Statutory Central Auditors.
