Bank of Baroda Sees Steady Q3 FY26 Results With Stable Margins and Growth

Bank of Baroda reported steady Bank of Baroda results for Q3FY26 and the nine months ended 31 December 2025, with profit growth supported by firm margins, improving asset quality and healthy loan expansion. The bank also saw strong deposit accretion across domestic and overseas operations, giving stable funding support for its expanding balance sheet.

Credit growth stayed broad-based during the period, reflecting demand from both domestic and international borrowers. Domestic advances rose 13.6% year-on-year to Rs 10,96,557 crore, while global advances increased 14.7% YoY to Rs 13,44,904 crore, signalling balanced expansion across geographies and lending segments for Bank of Baroda.

Deposits provided a solid base for this credit growth in the Bank of Baroda results period. Domestic deposits reached Rs 13,07,189 crore as of December 2025, up 11.1% YoY. Global deposits increased 10.3% YoY to Rs 15,46,749 crore, indicating stable mobilisation despite competition for rates in the banking system.

Within domestic deposits, low-cost CASA balances remained resilient for Bank of Baroda. Domestic CASA deposits grew 8.6% YoY and stood at Rs 5,02,560 crore on 31 December 2025. International deposits also contributed, rising 5.7% YoY to Rs 2,39,560 crore in December 2025, highlighting sustained traction in overseas liability franchises.

On the earnings front, Bank of Baroda posted a Q3FY26 net profit of Rs 5,055 crore, reflecting 4.5% YoY growth. Net profit for 9MFY26 totalled Rs 14,405 crore, underscoring consistent core performance. These Bank of Baroda results were aided by steady operating leverage and disciplined cost control across the network.

Net interest income remained the main earnings driver in the Bank of Baroda results, backed by healthy loan growth. NII stood at Rs 11,800 crore in Q3FY26 and Rs 35,189 crore for 9MFY26. Diversification also improved, as non-interest income increased 5.9% YoY to Rs 3,600 crore in Q3FY26 and 6.7% YoY to Rs 11,790 crore in 9MFY26.

Margins were broadly stable through the period, supporting Bank of Baroda results. Global Net Interest Margin was 2.79% in Q3FY26 and improved to 2.88% for 9MFY26. Domestic NIM came in at 2.93% for the quarter and moved higher to 3.03% for the nine months, reflecting better yield management and domestic mix.

Operating performance remained strong for Bank of Baroda. Operating profit was Rs 7,377 crore in Q3FY26 and Rs 23,190 crore for 9MFY26, indicating sustained operating leverage. Return ratios stayed healthy, with ROA at 1.09% in Q3FY26 and 1.05% for 9MFY26, comfortably above the 1% threshold.

Shareholder returns in the Bank of Baroda results were supported by firm capital efficiency. Return on Equity stood at 15.59% for Q3FY26 and 14.81% for the nine-month period. These levels reflected effective utilisation of capital, aided by better profitability and contained credit costs during the financial year so far.

Asset quality and risk metrics in Bank of Baroda results

Asset quality indicators continued to strengthen in the Bank of Baroda results, helped by lower slippages and controlled credit costs. The gross non-performing asset ratio declined from 2.43% in Q3FY25 to 2.04% in Q3FY26. The net NPA ratio reduced by 2 basis points YoY to 0.57% in Q3FY26, reflecting improved recoveries and cautious underwriting.

Provision buffers stayed comfortable, adding resilience to Bank of Baroda results. The provision coverage ratio stood at 72.21% without technical write-offs and 92.73% including them. Slippages eased to 0.86% in Q3FY26, down 4 basis points YoY and 5 basis points quarter-on-quarter, while 9MFY26 slippages were 0.79%, indicating a stable and improving loan book.

The following table summarises key Bank of Baroda results indicators reported for Q3FY26 and 9MFY26:

Metric	Q3FY26	9MFY26 / As of Dec 2025	YoY Change / Comment
Net Profit (Rs crore)	5,055	14,405	Q3 up 4.5% YoY
Net Interest Income (Rs crore)	11,800	35,189	Strong core interest earnings
Non-Interest Income (Rs crore)	3,600	11,790	Q3 up 5.9% YoY; 9M up 6.7% YoY
Global NIM (%)	2.79	2.88	Improved over the nine months
Domestic NIM (%)	2.93	3.03	Reflects better domestic yields
Gross NPA Ratio (%)	2.04	-	Down from 2.43% in Q3FY25
Net NPA Ratio (%)	0.57	-	Down 2 bps YoY
Domestic Advances (Rs crore)	-	10,96,557	Up 13.6% YoY
Global Advances (Rs crore)	-	13,44,904	Up 14.7% YoY
Domestic Deposits (Rs crore)	-	13,07,189	Up 11.1% YoY
Global Deposits (Rs crore)	-	15,46,749	Up 10.3% YoY

Bank of Baroda results also reflected the scale of its franchise. The bank operated 8,500 branches and 11,563 ATMs and cash recyclers, supported by self-service channels. Internationally, the bank maintained a network of 80 overseas offices across 15 countries and 37 overseas associate branches, underscoring its diversified presence.

Overall, Bank of Baroda results for Q3FY26 and 9MFY26 pointed to stable growth, better asset quality and sound profitability. Strong provision coverage, improving return ratios and a sizeable domestic and global network together indicated a balanced operating profile, supported by a diversified income mix and sustained credit and deposit momentum.