Transcript of Media Meet and Analyst Meet Q1 FY 2026-27

BCC:ISD:119:16: 379 30.07.2026 The Vice-President, The Vice-President, B S E Ltd., National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street Bandra Kurla Complex, Bandra (E) Mumbai – 400 001 Mumbai – 400 051 BSE CODE-532134 CODE-BANKBARODA Madam / Dear Sir, Re: Disclosure under Regulation 46(2) of SEBI (LODR) We enclose transcript of Media Meet & Analyst Meet held on 24th July 2026 for Q1 (FY 2026-27) Financial Results. We request you to take note of the above pursuant to Regulation 46 of SEBI (LODR) Regulations, 2015 and upload the information on your website. Yours faithfully, S Balakumar Company Secretary बडौदा कॉप(cid:574)रेट स(cid:581)टर, सी-26, जी-(cid:222) लॉक, बा(cid:219)(cid:289)ा कुला(cid:91) कॉ(cid:224) (cid:220) ले(cid:200) स, मुंबई 400 051, भारत. Baroda Corporate Centre, Bandra Kurla Complex, Mumbai 400 051, India फोन / Ph : 91 22 6698 5812 ई मेल / E Mail : companysecretary.bcc@bankofbaroda.bank.in वेब / Web : www.bankofbaroda.bank.in Bank of Baroda Media Meet for Quarter ended 30th June 2026 24th July 2026 Participating members from the Management Team of the Bank ➢ Dr. Debadatta Chand, Managing Director & CEO ➢ Mr. Lalit Tyagi, Executive Director ➢ Mr. Sanjay Vinayak Mudaliar, Executive Director ➢ Mr. Lal Singh, Executive Director ➢ Ms. Beena Vaheed, Executive Director ➢ Mr. I V L Sridhar, Chief Financial Officer (CFO) Page 1 of 17 Moderator: Good afternoon, everyone, and welcome to Bank of Baroda's results for the quarter ended June 30th, 2026. Thank you all for joining us. We have with us today our MD and CEO, Dr. Debadatta Chand. He's joined by our Bank's Executive Directors and by our CFO. We will start with an introduction, then a presentation, and then brief opening remarks by Chand sir, after which we will start the Q&A session. Chand sir, over to you. Dr. Debadatta Chand: Thanks, Phiroza. Again, good evening to all my media friends. Just to introduce, I'm D. Chand, MD and CEO of Bank of Baroda. With me, we have, Executive Director, Lalit Tyagi. He looks after the corporate credit, international banking, and also the treasury. With him again, Mr. Sanjay Mudaliar, he's Executive Director and he looks after IT, many of the platform functions, also the retail assets vertical of the Bank. Again, we have Mr. Lal Singh, he is Executive Director and he looks after HR, the recovery matters, and more importantly, the MSME vertical of the Bank. And we have Madam Beena Vaheed, she is Executive Director, looks after many of the compliance and control functions, including the retail liability franchise of the Bank. And as you know, we have CFO, Mr. I.V.L. Sridhar, with us. Mr. Sridhar, go ahead with your presentation, then I'll come with some initial comments on the financials. Over to you. Mr. I.V.L. Sridhar: Thank you, sir. Good evening, everyone. It is my privilege to present before you the financial highlights of Bank of Baroda for the quarter ended 30th June 2026. As at the end of Q1 FY 2027, the Bank's global business stands at INR 30.5 lakh crore registering a YoY growth of 15.4%. Our global advances have grown by 17.4% YoY with domestic advances growing at 16.1% and international at 23.3%. Within the advances book, the Bank has continued to focus on RAM advances. Our organic retail book grew by 18.4%, agriculture by 18.7% and organic MSME at 20.3%. Corporate loans have grown by 15.3% YoY. Within the retail segment, we have seen smart growth across the portfolio with education loan growing by 10.8%, home loan by 14.7%, auto loan by 25.3% and mortgage loans by 27.4% YoY. Coming to deposit growth, our total deposits have grown by 13.8% with international deposits growing by 8.9% and domestic by 14.7%. The domestic CASA deposits have grown by 10% and term deposits have registered a growth of 17.8% YoY. As of 30th June 2026, the Bank's domestic credit deposit ratio stands at 83.31%. The CASA ratio stands at 37.72%. With regard to our quarterly profitability metrics, our operating profit for the quarter stands at INR 8,127 crores. As you are aware, the Bank entered into an out-of-court settlement to resolve a legacy litigation issue of NMC group. The liability of the Bank in these proceedings is limited to the sum of USD 600 million, which was paid on 1st July 2026. The settlement amount has been debited to the profit and loss account for the quarter ended 30th June 2026. Therefore, our net profit for Q1 FY 2027, after absorbing the impact of the settlement, stands at INR 1,278 crores. Without the impact of this exceptional item, net profit for the quarter would have been INR 5,528 crores. Return on assets stands at 25 bps, excluding the impact of the exceptional item, ROA would have been 1.10%. Return on equity similarly stands at 3.89% for the quarter. Without the impact of this exceptional item, return on equity would have been 16.57%. Page 2 of 17 In terms of the margins, our key ratios, our yield on advances stands at 7.37% for the quarter. Bank’s Cost of deposits for the quarter stands at 4.66%, reduced by 12 bps on a QoQ basis. Our Net Interest Margin stands at 2.77% for the quarter. Now we come to the asset quality which continues to remain very robust. Our GNPA ratio has improved by 29 bps, YoY and stands at 1.99%. Net NPA ratio is below 1% at 50 bps, an improvement of 10 bps YoY. Our Provision Coverage Ratio including TWO is comfortable at 93.28%. Our slippage ratio for Q1 FY 2027 has reduced by 25 bps YoY and stands at 0.91%. Credit cost for Q1 FY 2027 stands at 0.29% as against 0.55% in Q1 FY 2026. Coming to our SMA and collection efficiency, our CRILC SMA 1 and 2 as a percentage of our standard advances reduced to 0.07% as of June 26 as against 0.40% for June 2025. Our collection efficiency excluding agriculture remains robust at 99.2 %. In terms of capital adequacy, our capital position continues to be strong with CET1 at 13.9%, Tier1 at 14.41% and CRAR at 16.30%. Our quarterly average LCR remains healthy at approximately 127%. Thank you, MD sir, over to you. Dr. Debadatta Chand: Thank you, Mr. Sridhar. And let me make some qualitative comments with regard to the financials. As you know, the financials have been already told to you, and the Bank had a very strong growth on the balance sheet item for the quarter ending June 2026. So, you have seen the global business for June also was in excess of INR 30 lakh crores. In March also we had the business number exceeding INR 30 lakh crores. And the growth of domestic deposit has been 14.7% on a y-o-y scale. And I kept on saying that last couple of quarters were encouraged by the flow of deposit into banking system for last couple of quarters now. And at 14.7% domestic deposit growth is one of the strong growths that we have seen in many quarters now. Similarly, the global deposit growth is at 13.8%. CASA, which has been one of the strong points for a bank like us in terms of outperforming the bank's median, the CASA growth was at 10%. Mainly the current growth was at 14.5%. The CASA percentage, which is at 37.72%, you would have seen that it is one of the top quartile numbers in terms of the peer banks, the large peer. Similarly, the advance book growth was at 17.4%. And this is better than the growth that we had in March, which was in excess of 16%. The organic retail book, the growth was 18.4% with housing at 14.7%, auto at 25.3%, mortgages at 27.4%. The MSME growth was 20%. This is one of the quarters where we exceeded the MSME growth at more than 20%. On the overall book growth was also by a corporate loan growth of more than 15%. On the profitability, you would have seen the bank's core profitability metrics are still strong. And that's why the net interest income, the growth was almost 10%. It has increased at 9.5%. With the interest income earnings growing at 6.8%, higher than the interest expended at 5.2%. This is out of the many quarters where we're able to increase the growth in interest income higher than the increase in the growt [Showing first 8,000 characters — download PDF for full document]