Bank of Baroda(BoB) Q4 results: Profit jumps 11% YoY

 Public sector lender Bank of Baroda (BoB) on Friday, 8 May, reported an 11.25% year-on-year (YoY) rise in its standalone net profit to ₹5,615.68 crore for the January-March quarter of the financial year 2026 (Q4FY26). In the same quarter of the previous financial year, BoB's profit was ₹5,047.73 crore.

Sequentially, or on a quarter-on-quarter basis, BoB's profit rose by 11% from ₹5,054.63 crore in Q3FY26.

Operating income during the quarter under review climbed 1.4% YoY to ₹16,460 crore, while operating profit jumped 11.5% YoY to ₹9,069 crore in Q4FY26.

For the entire financial year 2026, BoB's standalone profit rose by 2.25% to ₹20,021.06 crore from ₹19,581.15 crore in FY25.

Meanwhile, the PSU bank's board recommended a dividend of ₹8.50 per share for FY26. The record date for the purpose is 5 June 2026.

BoB's net interest income (NII) rose by 8.7% YoY to ₹12,494 crore, while global net interest margin (NIM) eased to 2.89% in Q4FY26 from 2.98% in Q4FY25.

Total provisions (excluding taxes) and contingencies saw a sharp 103% YoY jump to ₹3,150 crore in Q4FY26. In the same quarter last year, it was ₹1,552 crore.

Domestic deposits grew by 12.8% YoY to ₹14,01,290 crore, while domestic advances also saw an impressive growth of 14.5% YoY to ₹11,69,458 crore.

BoB's domestic CASA increased by 9.8% YoY to ₹5,45,034 crore.

Bank of Baroda reported a decline in non-performing assets (NPA) for the March quarter. While gross NPA eased to 1.89% from 2.26% YoY, net NPA also dropped to 0.45% from 0.58% YoY.

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This PSU Bank pays PLI to MD and EDs as per new DFS PLI Scheme

In accordance with the new PLI program launched by DFS, Ministry of Finance, Government of India, Bank of Baroda has paid PLI to MDs and EDs. The government and bank unions are engaged in a cold war over the new PLI program. 

UFBU has threatened a flash strike and declared its opposition to the new PLI plan. However, the PLI has been credited to MD&EDs by the Bank of Baroda, and it will shortly be awarded to other senior executives (Scale IV and above).

On social media, users have posted a screenshot of the PLI payment. The screenshot serves as evidence of the PLI payment made to MD&EDs.

The MD and Executive Directors received the following PLI amount:Shri Debadatta Chand, MD & CEO, received ₹16,15,680. Shri Lalit Tyagi, Executive Director, received ₹16,12,800. Shri Sanjay Vinayak Mudaliar, Executive Director, received ₹16,12,800, while Shri Lal Singh, Executive Director, received ₹16,12,800. Smt Beena Vaheed, Executive Director, received ₹10,40,516.40.

Another update is that the Punjab National Bank (PNB) board has authorized senior executives to get PLI in accordance with the new PLI scheme that the DFS, Ministry of Finance, Government of India, implemented. Shri Krishna Kumar, the General Secretary of AIPNBOF, affirmed this. All of the bank's senior executives will eventually receive credit for the PLI.

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Court Case filed against PSU Bank Zonal Manager Mumbai for arbitrary transfer of officers

The Mumbai-based All India Bank of Baroda Officers' Union has voiced its opposition to the capricious staff transfers. According to sources, the Mumbai Zonal Manager moved a number of employees from one area to another in the middle of the school year, citing "administrative exigencies." Due to their sudden relocation from one area to another in the middle of the academic year, this has caused a number of problems for the officers. After being relocated, an officer must look for a rental property, a school to send their child to, and a reputable physician (if they have any health concerns).

The union raised its voice against this, but the Zonal Manager, Mumbai, stated that all transfers are within the city and therefore do not require prior approval from CGM (HR). However, Clause 7.1(a) of the Transfer Policy clearly stipulates that the criteria for transfers shall be “longest stay.” Contrary to this mandate, officers with the shortest stay have been transferred by bypassing several officers with the longest stay, thereby amounting to deliberate insubordination of Board-approved policy.

Moreover, the Vice President of the union questioned the Mumbai Zonal HR, in the presence of ALC (C), Mumbai, regarding the practice of referring medical cases to empanelled doctors instead of subjecting them to a legally constituted Medical Board. Immediately thereafter, he was transferred from MMSR to MWR. In an apparent attempt to generalise and camouflage the vindictive nature of this transfer, several other officers were also transferred.

The union took up the matter with several authorities but failed to receive any response from GM (HR) and CGM (HR). Finally, a case has been filed against the Zonal Manager, Mumbai, before the Hon’ble High Court. Despite this, the ZM, Mumbai, proceeded with further inter-regional transfers.

In another instance, an officer in MMSR who had been deputed to the Service Branch for more than five months on oral instructions questioned the management and requested written orders. On 5th February, he was issued a confirmation order with retrospective effect, and on the very next day, i.e., 6th February, he was transferred to Navi Mumbai. In several such cases, the transferred officers are eligible for IZT during the current year, and dislocating them at this stage causes avoidable disturbance and hardship.

It is unfortunate that though these violations are occurring in Mumbai, and despite bringing them to the notice of GM (HR) and CGM (HR), no action has been initiated against the erring officials who are deliberately defying your circular instructions.

The matter requires urgent attention from the top management. Transfers carried out in deviation of the approved policy not only cause personal hardship to officers but also create unrest within the organisation. The concerns raised by the union regarding arbitrary transfers, violation of the “longest stay” principle, and alleged vindictive actions must be examined fairly and transparently.

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Bank of Baroda Q3 Results: Profit rises

State-run lender Bank of Baroda posted a stable set of numbers for the December quarter, marked by modest profit growth, resilient asset quality metrics and loan book expansion that came in above management guidance.

Net profit rose 4.5% year-on-year to Rs.5,054 crore, compared with Rs.4,837 crore in the same quarter last year. Net interest income remained largely flat at Rs.11,800 crore, up marginally from Rs.11,786 crore a year ago.

Asset quality continued to improve, with gross non-performing assets easing to 2.04% from 2.16% sequentially. Net NPA stood unchanged at 0.57% quarter-on-quarter.

Collection efficiency, excluding agriculture, remained strong at 98.63% as of December 2025. Provision coverage ratio under NCLT accounts was reported at a healthy 99.66%.Segment-wise asset quality remained comfortable, with gross NPA ratios at 1.19% for housing loans (ex-pool), 1.75% for auto loans (ex-pool), 4.42% for personal loans and 0.56% for retail gold loans.

The bank’s loan book grew 14.6% year-on-year to Rs.13.43 lakh crore, exceeding management’s guidance of 11–13% growth. Sequentially, advances rose 5.1%. Domestic advances increased 13.54% year-on-year to ₹10.95 lakh crore. Deposits also grew 10.3% year-on-year to Rs.15.46 lakh crore during the quarter.

Bank of Baroda continued to exceed regulatory norms under priority sector lending, with total priority sector advances at 40.45% of adjusted net bank credit. Agriculture, small and marginal farmers, weaker sections and micro enterprises lending all stood above mandated thresholds.

The bank’s card business also showed steady traction. Active BOB Cards increased to 30.68 lakh as of December 31, 2025, while card spends for the first nine months of FY26 rose 17.3% year-on-year to Rs.31,101 crore.

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AGM sentenced 1 Year Jail for irregularities in Loan Sanction and Disbursement

In a 2008 loan fraud case involving Vijaya Bank and Roshan Electrical Pvt Ltd, a special CBI court has rendered its decision. On April 1, 2019, Vijaya Bank, a PSU bank with its headquarters in Bangalore, Karnataka, India, merged with Bank of Baroda. Anitha Mathias, a director of the company, was found guilty by the court of actively managing the company and being personally involved in the fraudulent operations. She was sentenced to three years in prison and fined Rs 1 crore.

The Assistant General Manager of Vijaya Bank's Goregaon branch, Shridhar Shetty, was also convicted by the court of conspiring to commit fraud. He was fined Rs 50,000 and given a one-year prison sentence. However, due to a lack of evidence, the court cleared Mahesh Kotian, the manager of Bharat Cooperative Bank, and closed the case against Maxima Mathias, Anitha's husband, who died during the trial. 

 The matter started when an anonymous allegation prompted Vijaya Bank to launch an internal investigation. Roshan Electrical has long-standing accounts with Bharat Cooperative Bank and had a cash credit limit of Rs 12 crore, according to the CBI's Economic Offences Wing.

Despite concerns, Shetty sanctioned Rs 20 crore as cash credit and Rs 10 lakh as bank guarantee, supported by a confidential report from Bharat Cooperative Bank that failed to mention key details such as four sister concerns of the firm and multiple dishonoured cheques. Investigators claimed that Shetty released Rs 21 crore—far more than the approved takeover amount of Rs 13.02 crore—without ensuring the transfer of a Rs 3 crore term deposit that was supposed to serve as security.

During the trial, both Anitha and Shetty argued that they were wrongly implicated, but the court rejected their claims. It held that Anitha was actively involved in the company’s operations and that Shetty knowingly violated procedures, making him part of the conspiracy. The court also observed that although the CBI did not fully investigate Kotian’s alleged role in suppressing facts, there was insufficient evidence to convict him. The verdict highlights serious procedural lapses and underscores the court’s intent to send a strong message against financial fraud and misuse of banking systems.

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Bank of Baroda(BoB) Q2 profit dips 8%

Public sector lender Bank of Baroda’s (BoB’s) net profit declined by 8.2 per cent year-on-year (Y-o-Y) basis to ₹4,809 crore in the second quarter of financial year 2026 (Q2FY26) amid drop in non-interest income, especially recoveries. It had booked gains for one-off recovery from the corporate account in the year ago quarter (Q2FY25).

 

Bank announced the results after the close of market trading hours. Its shares ended 2.05 per cent higher, closing at ₹278.30 per share on the BSE.

 

The lender’s net interest income (NII) rose by 2.7 per cent to ₹11,954 crore in Q2FY26, compared to ₹11,637 crore in the same quarter ended September 2024 (Q2FY25). Net interest margin (NIM) declined by 15 basis points to 2.96 per cent in Q2FY26 from 3.11 per cent a year ago. However, sequentially, NIM improved from 2.91 per cent in the quarter ended June 2025 (Q1Fy26).

D Chand, managing director and chief executive officer, BoB, said NIM is expected to be range bound in the third quarter and pick-up in the fourth. Bank has guided for NIM to be in 2.85-3.0 range for FY26.

 

The bank’s non-interest income, comprising treasury, fees, commissions, recoveries etc., fell by 32.0 per cent Y-o-Y to ₹3,515 crore in Q2FY26. There was a sharp decline in recoveries from written-off accounts to ₹493 crore in Q2FY26 crore from ₹ 2,525 crore a year ago.

 

Going forward, the recoveries would be about ₹750 crore and treasury income would be ₹1,000-1,200 crore in a quarter, Chand said in virtual media interaction after results.

The provisions for non-performing assets (NPAs) declined sharply to ₹883 crore in Q2FY26, down from ₹1,733 crore a year ago. Bank has made floating provision of ₹400 crore as preparation for shifting to Expected Credit Loss (ECL) regime from April 2027, he said. The tally of floating provisions is now ₹1,000 crore, according to the financial results statement for Q2FY26.

 

BoB’s advances grew 11.9 per cent Y-o-Y to ₹12.78 trillion in Q2FY26. Its retail advances grew by 17.6 per cent Y-o-Y. However, the corporate loan book expanded by just 3 per cent.

 

Chand said the credit growth is expected to be 11-13 per cent in FY26.

The GST reforms has created robust demand for loans in the retail segment including auto and book would grow at 18-20 per cent. The corporate loan book is expected to expand at 10-11 per cent on the back of a sanctioned credit pipeline of ₹40,000 crore and ₹25,000 crore under discussion.

 

Total deposits grew by 9.3 per cent Y-o-Y to ₹15 trillion. The share of low-cost deposits -- current accounts and savings accounts (CASA)-- declined to 38.42 per cent at the end of September 2025, down from 39.52 per cent a year ago.

The bank’s asset quality improved, with gross NPAs declining to 2.16 per cent in September 2025 from 2.50 per cent in September 2024. Net NPAs also declined to 0.57 per cent in September 2025 from 0.60 per cent in September 2024. The provision coverage ratio (PCR), including written-off accounts, stood at 93.21 per cent in September 2025 from 93.61 per cent a year ago.

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Bank of Baroda(BoB) Officer Dies by Suicide in Ranchi

The banking industry has been rocked by the death of a young Bank of Baroda staffer in Ranchi, which has also sparked new worries about occupational stress in the public sector. On September 20, Mr. Ishwar Chander Jha, a 37-year-old Senior Manager (Credit) assigned to the Ranchi Region under the Bhubaneswar Zone, is said to have committed himself.

According to the All India Bank of Baroda Officers' Association (AIBOBOA), the incident was directly caused by excessive work stress and a breach of internal policies. The association wrote a forceful letter to Shri Debadatta Chand, the bank's managing director and chief executive officer, expressing "deep regret and anguish" over the events that led to Mr. Jha's passing.

Late-Night Meeting Cited as Trigger

The union claims that on September 19, Mr. Jha and his Chief Manager were called to the Regional Office for a review meeting that lasted until ten o'clock at night.  According to the group, this was blatantly against Corporate Office directives, which explicitly prohibit such gatherings outside of the 4–6 p.m. time window.

 According to the union's letter, "these directives were issued specifically to prevent officers from being overburdened and to ensure a healthy work-life balance."  "Yet, without fear of accountability, some Regional Heads and DRMs continue to ignore the advisory and subject officers to lengthy late-evening meetings."

This is not the first such incident in the bank. The association reminded the management that a similar tragedy occurred in Pune zone in July 2025, prompting the Corporate Office to form a committee on officers’ work-life balance.

Following that incident, specific guidelines had been circulated across zones and regions. These included:

• Meetings with branches must be confined to 4 p.m.–6 p.m.
• The number of official campaigns must be restricted to 3–4 at a time
• Misbehavior and harassment of staff were designated as “Zero Tolerance” issues

Despite these clear instructions, the union alleged, violations remain rampant, putting officers under unbearable stress.

Demand for Accountability

The AIBOBOA has demanded that responsibility be fixed in Mr. Jha’s case and that corrective steps be taken immediately.

“We earnestly request that accountability be fixed in this particular case for defiance of Corporate Office guidelines and that necessary steps be reinforced across the organization to ensure strict adherence,” wrote Prem Kumar Makker, General Secretary of the association.

As the news of Mr. Jha’s death spreads, employees across the bank are said to be under “tremendous psychological pressure,” with growing demands for reforms in workload distribution, meeting practices, and managerial accountability.

The ball is now in the bank management’s court to respond to the union’s concerns and reassure its staff.

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After BOB, This PSU Bank orders Staff to work on Sunday

Bank of Baroda has issued a circular directing employees to open branches on Sunday, August 3, 2025. After Bank of Baroda employees protested, another bank ordered them to open branches on August 3, 2025. 

 A directive issued by Union Bank of India directs employees to open branches on Sunday, August 3, 2025. Union Bank stated that the 20th installment under Pradhan Mantri Kisan Samman Nidhi is to be released from July 29 (Thursday) to August 3 (Sunday) in accordance with the communication received from the Ministry of Agriculture & Farmers Welfare, Government of India, via their letter D.O. No 9.3/2025-FWS-Part (4) dated July 29, 2025.

On Saturday, August 2, 2025, the Hon. Prime Minister of India has agreed to release the twentieth installment to the qualified PM KISAN Farmers. 

 The Ministry of Finance's Department of Financial Services has instructed the banks to maintain their branches open from July 29 to August 2, 2025, as well as on Sunday, August 3, 2025, to allow beneficiaries to be paid on the due date. 

 Through the aforementioned letter, the Ministry of Agriculture and Farmers Welfare and the Department of Agriculture & Farmers Welfare have communicated that the RBI's NEFT/RTGS platform will be operational on Sunday, August 3, 2025, to enable fund transfers from Accredited Bank to Sponsor Banks and fund settlements within Banks.

In view of the above directions, the Union Bank has released instructed that all the Branches to be kept open for public on 3rd August 2025 (Sunday).

While keeping the Branches open Regional Offices should ensure that sufficient number of staff is present in the Branches and take prior permission from DIT for SOL opening on that day.

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