BoB posts record Q2 profit of ₹6,532-cr on 96% surge in non-interest income

BoB expects to sustain operating profits at around ₹7,000 crore in each of the coming quarters. | Photo Credit: The Hindu Bank of Baroda (BoB) reported its highest-ever quarterly net profit of ₹6,532 crore for the quarter ended September, aided by a 95.8% year-on-year (YoY) surge in non-interest income to ₹6,881 crore.Net interest income (NII) rose 9% to ₹13,026 crore. The public sector lender also recorded its highest-ever quarterly operating profit of ₹11,430 crore, up 50.9% YoY. The management said it expects to sustain operating profits at around ₹7,000 crore in each of the coming quarters.The bank’s operating income grew 28.7% to ₹19,907 crore, supporting the bottomline. Asset quality improved, with gross non-performing assets (GNPA) declining to 1.78% from 2.16% a year ago. Net NPA fell 20 basis points YoY to 0.37%.Global advances grew 18.3%, while domestic advances rose 13.5%. Domestic and global deposits increased 16.6% and 16.4%, respectively. The agriculture loan portfolio expanded 19% YoY to ₹2.02 lakh crore, while the MSME book grew 21.3% to ₹1.75 lakh crore.On the proposed merchant discount rate (MDR) framework, the bank said any benefits would be “reinvested in the UPI and API ecosystems to improve customer experience.”The results come amid a legal challenge by NMC Healthcare founder B.R. Shetty at the Bombay High Court, seeking protection in connection with a $15-billion lawsuit against the bank.BoB shares closed 1.24% higher at ₹238.50 on the BSE on Friday. Published - October 30, 2026 08:19 pm IST