Results Boardroom | Bank of Baroda
Q4 में दमदार नतीजों की क्या रही वजह?
मार्जिन को लेकर क्या है आउटलुक?
Gold Loan में ग्रोथ को लेकर क्या है बैंक का प्लान?
FY27 में ग्रोथ को लेकर क्या है अनुमान?
देखिए Bank of Baroda के MD & CEO, देबदत्त चांद से अनिल सिंघवी की खास बातचीत
#BankofBaroda #Q4Results #Bank #Invest #Gold
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What Debadatta Chand said
Written from the verified transcript and checked against it. Every figure links to the moment it was said.
Debadatta Chand, MD and CEO of Bank of Baroda, discussed the bank's strong Q4 and full-year FY26 performance, calling it the best in 10 quarters. He highlighted two milestones: total business crossed Rs 30 lakh crore and full-year net profit exceeded Rs 20,000 crore. He attributed growth to RAM (retail, MSME, agriculture) segments, with retail up 18%, MSME 15.3%, agriculture over 20%, and corporate growth at 11.2%. Deposit growth was strong, with CASA up 9.8% and savings 9.1%. On margins, he noted NIM improved to 2.89% in March from 2.79% in December, and guided FY27 NIM at 2.75%-2.95%, accounting for volatile tax refund interest. He addressed gold loans, noting retail gold loan growth of 809% from a small base of Rs 12,000 crore, with agri gold stress below 1%. He raised FY27 guidance for loan growth to 12-14% and deposit growth to 10-12%, citing deposit momentum and outperformance last year.
Key takeaways
Bank of Baroda's total business crossed Rs 30 lakh crore and full-year net profit exceeded Rs 20,000 crore in FY26.
FY27 loan growth guidance raised to 12-14% and deposit growth to 10-12%.
NIM guidance for FY27 is 2.75% to 2.95%, with March closing at 2.89%.
Retail gold loan book grew 809% from a small base of Rs 12,000 crore.
RAM growth was strong: retail 18%, MSME 15.3%, agriculture over 20%.
After the market closed on Friday, the results came out strong, with revenue up 9% and profit rising over 11%. Both figures beat expectations, with provisioning appearing lower, though it slightly increased. However, gross and net NPAs declined. Net interest margins were almost maintained at around 2.9%. We have a very special guest joining us: the Managing Director and CEO of Bank of Baroda, Debadatta Chand. You have a B.Tech and an MBA, are a Certified Associate of the Indian Institute of Bankers (CAIIB), have a postgraduate diploma in equity research, and a PhD in management. You previously served as Chief General Manager at PNB. With around 32 years of deep experience in banking and financial services, good morning, sir. Welcome and thank you for your time. The bank has delivered a very strong performance in the fourth quarter. Sir, what are the key triggers this quarter? Please explain.
Thank you very much for inviting me. You rightly said that the bank's performance this quarter and this year has been good. It's the best in 10 quarters. In March, we achieved two milestones when we closed our business: our total business crossed Rs 30 lakh crore, and our full-year net profit exceeded Rs 20,000 crore. I believe these are milestone numbers for the bank. This year we had previously said our focus is on RAM growth, and RAM growth is significant. Our retail growth is almost 18%, MSME at 15.3%, and agriculture more than 20%. At the same time, corporate growth, which was a bit lower in Q1 and Q2, picked up in Q3 and Q4, and corporate growth is now 11.2%. So on the loan side, advances growth has been good. A positive part that encourages us is that deposit growth has been good, and I hope this trend continues, so the slower deposit growth in the banking system will also improve. The reason could be anything: geopolitical, better product offerings by banks, but CASA growth this time is 9.8% and savings is 9.1%. So I think this is an all-around performance with advances growth, deposit growth, and at the same time, we have also delivered good profitability numbers.
Absolutely right. There have been many milestones for Bank of Baroda this quarter, especially the margins you maintained at around 2.9%. Actually, I want to get your opinion on this. Will you be able to maintain margins around these levels going forward? What is the outlook?
If we talk about the absolute numbers, our NIM in December was 2.79% and for the full year in March it is 2.89%. So there is an improvement in margins. The underlying point I want to make is that the growth in interest income this quarter is higher than the growth in interest expenses, whereas this position was reversed until Q3. So this has positively impacted NII. NII growth is almost 9% because our interest expenses grew less than interest income, and NIM increased, positively impacting NII. There is one component that the market often asks about: interest on tax refunds, which is volatile and varies year to year. Keeping that in mind, we have given guidance for the next year of 2.75% to 2.95%, considering all other factors remain the same and accounting for the volatility of this element. Our March closing NIM is 2.89%, but the full-year guidance range is 2.75% to 2.95% typically to account for the volatility of interest on tax refunds. I think in the current scenario, given the market level and asset pricing, because the asset-liability repricing is largely complete, we believe we can stay within this range of 2.75% to 2.95% if there isn't a major geopolitical impact.
5 more exchanges in this transcript
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Chand, D. (2026, May 10). Bank of Baroda’s Big Growth Plan Revealed | MD Debadatta Chand Speaks [Interview transcript]. Zee Business. CEOInterviews.AI. https://ceointerviews.ai/interview/1052427/
MLA
Debadatta Chand. "Bank of Baroda’s Big Growth Plan Revealed | MD Debadatta Chand Speaks." Zee Business, 10 May. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/1052427/.
BibTeX
@misc{chand2026_1052427,
author = {Debadatta Chand},
title = {Bank of Baroda’s Big Growth Plan Revealed | MD Debadatta Chand Speaks},
howpublished = {Interview transcript, Zee Business. CEOInterviews.AI},
year = {2026},
month = {may},
url = {https://ceointerviews.ai/interview/1052427/},
note = {Speaker-attributed transcript with timestamps}
}
