
Bank of Baroda delivered robust business performance in the third quarter of fiscal year 2026, with key metrics exceeding management expectations. The state-run lender's global business grew 12.22% year-on-year to ₹28.90 lakh crore from ₹25.80 lakh crore in the corresponding quarter last year. Global advances expanded 14.57% to ₹13.44 lakh crore from ₹11.73 lakh crore, significantly outperforming the management's guidance range of 11% to 13%. Global deposits increased 10.25% to ₹15.47 lakh crore from ₹14.07 lakh crore. On a sequential basis, the loan book recorded growth of 5.10%, demonstrating strong business execution. According to reports from ScanX Trade, these figures position the bank favorably within the broader banking sector's mixed Q3 performance.
Bank of Baroda's domestic operations showed exceptional performance across all segments during Q3 FY26. Domestic deposits grew 11.13% to ₹13.07 trillion, while domestic advances surged 13.54% to ₹10.96 trillion. The domestic retail advances, excluding pool purchases, recorded impressive growth of 17.30% to ₹2.85 trillion, indicating strong retail customer acquisition and market penetration. This robust domestic performance demonstrates the bank's effective strategy in capturing market share across both deposit mobilization and lending activities, contributing to the overall positive momentum in the public sector banking segment.
The Gujarat-based PSU bank has maintained its guidance for 11-13% credit growth, driven largely by the retail and MSME segments. Bank of Baroda stands as the second-largest state-owned bank in India in terms of assets and market capitalisation. The bank's strategic priorities include building strong traction in specific pockets of corporate lending business, reducing dependency on bulk deposits due to their volatile nature, and emphasizing the development of a more stable deposit base for sustainable growth. Recent sector analysis shows the bank's performance aligns with the broader positive trend in public sector banking excellence during Q3 FY26.
Bank of Baroda's shares settled 1.43% higher at ₹305.05 on the BSE, compared to a 0.70% rise in the benchmark Sensex. The stock has delivered impressive returns of 35% over the past 12 months, reflecting strong investor confidence in the bank's growth trajectory and operational performance. The strong quarterly metrics, combined with the bank's strategic focus on sustainable growth and deposit diversification, position Bank of Baroda favorably in the competitive banking sector for continued outperformance. This performance stands in contrast to some private sector peers, with the banking sector showing mixed results during the December quarter.