Bank of Baroda — Q2FY27 earnings call summary

Filed 04 November 2026 · Official transcript

Cost-to-income ratio improved, target below 50%; IT spend up to 15% of operating profit
NIM guidance maintained at 2.75-2.95%, margin expected to rise in H2 FY27
Q2 FY27 global business at INR 32.58 lakh crore, +17.2% YoY; advances +18.3%, deposits +16.4%
Credit growth guidance raised to 13-15%, deposit growth to 11-13% for FY27
ROA above 1% expected in Q3 and Q4; ROE guidance 15-16%
Asset quality strong: GNPA 1.78%, PCR 94.65%, credit cost 0.55% (0.18% excl. prudential provisioning)
Management confident of sustaining profitability and growth amid macro uncertainties
Operating profit INR 11,430 Cr, +50.9% YoY; net profit INR 6,532 Cr, +35.8% YoY