Bank of Baroda Q1 net profit rises 1.9% on-year to Rs 4,541 crore

Bank of Baroda

State-owned lender Bank of Baroda on July 25 reported a 1.9 percent on-year rise in net profit at Rs 4,541 crore during the June quarter, however, on sequential basis, the net profit fell by 10 percent.

In April-June quarter, total interest income of the bank rose 4.9 percent on-year to Rs 31,091 crore, from Rs 29,629 crore in a year ago period.

The total non-interest income grew 88 percent on-year to Rs 4,675 crore in Q1FY26 from Rs 2,487 crore a year ago. The bank said the sharp rise in non-interest income is due to higher treasury income in the quarter.

In the reporting quarter, net interest margins fell to 2.91 percent as on June 30, 2025, as compared to 2.98 percent as on March 31, 2025, and 3.18 percent as on June 30, 2024, as per investor presentation of bank.

Deposits and advances

The global deposits of the bank has seen a surge of 9.1 percent on-year to Rs 14.36 lakh crore in April-June quarter, from Rs 13.16 lakh crore. Within global deposits, domestic deposit stood at Rs 12.04 lakh crore as on June 30, 2025, and Rs 2.32 lakh crore of international deposit.

The domestic deposit comprise of term deposit and domestic CASA deposits of Rs 7.31 lakh crore and Rs 4.74 lakh crore, respectively, in April-June quarter. Domestic CASA deposits grew 5.5 percent on-year.

However, domestic CASA ratio of the bank fell 98 basis points (Bps) in June quarter to 39.33 percent, from 40.31 percent in a year ago period.

In the reporting quarter, global gross advances of the bank rose by 12.6 percent on-year to Rs 12.07 lakh crore.

Asset quality

The gross non-performing asset (NPA) ratio of the bank stood at 2.28 percent as on June 30, 2025, from 2.26 percent as on March 31, 2025, and 2.88 percent as on June 30, 2024.

Net NPA ratio of the bank stood at 0.60 percent in a reporting quarter, as compared to 0.58 percent in a quarter ago period and 0.69 percent in a year ago period.