BANKBARODA

Strategic Goals & Plans

Recent Business & Financial Highlights In Q1 FY26, Bank of Baroda saw domestic deposits increase by about 8% year-on-year, with global business rising ~11%. Domestic advances (loans given out) also grew strongly. Retail advances in the domestic segment rose ~17% YoY, showing good strength in loans to individuals. In the previous quarter (Q4 FY25), BoB reported ~12.8% growth in its credit/loans, and deposits rose by ~10%. Net profit growth has been modest; for Q1 FY26 it was up around ~2% compared to the same period a year prior. The gains from loan/deposit growth were partly offset by narrower interest margins and higher provisioning (i.e. setting aside more funds for possible loan losses). Strategic Goals & Plans The bank plans to double its balance sheet over five years, i.e. significantly growing both its loan book and deposits. To achieve this, BoB intends to open ~500 new branches in the next couple of years, especially in smaller (“micro”) markets to deepen its reach. The bank is emphasizing secured retail loans (like mortgages, auto loans), while being more cautious with unsecured personal loans and large corporate exposure. Product, Service & Regulatory Updates BoB has introduced bob FxOne, a digital foreign exchange platform aimed at fast FX services for its corporate and MSME customers. Following a reduction in the RBI’s policy repo rate, BoB (among other major PSU banks) reduced its home loan interest rates, lowering EMIs for borrowers. There was an RBI order to suspend onboarding of new customers via BoB’s mobile app (“bob World”) due to supervisory concerns (related to how customers were being onboarded digitally). BoB has taken corrective actions to address these issues.