State-owned Bank of Baroda (BoB) reported an 11% year-on-year rise in net profit to ₹5,616 crore for the fourth quarter ended March 2026, driven by higher interest income and improvement in asset quality.
The lender had posted a net profit of ₹5,048 crore in the corresponding quarter last year.
According to the bank’s regulatory filing, total income increased to ₹36,609 crore during Q4 FY26, compared to ₹35,852 crore a year earlier.
The bank’s interest income rose to ₹32,642 crore, up from ₹30,642 crore in the same quarter of the previous financial year. Meanwhile, net interest income (NII) grew strongly to ₹12,494 crore, compared to ₹11,020 crore a year ago.
On the asset quality front, Bank of Baroda reported continued improvement. The bank’s gross non-performing asset (GNPA) ratio moderated to 1.89% of gross advances as of March 31, 2026, compared to 2.26% a year earlier.
Similarly, the net NPA ratio declined to 0.45%, down from 0.58% at the end of FY25.
The bank’s provision coverage ratio (PCR) improved marginally to 93.94%, reflecting stronger provisioning buffers against stressed assets.
However, the bank’s capital adequacy ratio moderated to 15.82% from 17.19% at the end of the previous fiscal year.
For the full financial year FY26, Bank of Baroda reported a 2% increase in net profit to ₹20,021 crore, compared to ₹19,581 crore in FY25. Total income for the year rose to ₹1,42,750 crore from ₹1,38,089 crore.
The bank’s board has recommended a dividend of ₹8.5 per equity share of face value ₹2 for FY26, subject to shareholder approval.
Additionally, the board approved plans to raise up to ₹6,000 crore through Additional Tier-I (AT1) and/or Tier-II bonds in multiple tranches by March 2027 and beyond, depending on market conditions and regulatory approvals.
The results reflect continued stability across India’s public sector banking sector, supported by healthier balance sheets, improving asset quality, and steady credit growth.
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