Bank of Baroda's strong ratings reaffirmed by CARE Ratings

Bank of Baroda announced today that CARE Ratings has assigned a rating of CARE A1+ to its Certificate of Deposit. Additionally, the credit rating agency reaffirmed all existing ratings on the bank's Tier-II Bonds at CARE AAA with a stable outlook. This assessment underscores the bank's robust financial health and strong support from the Government of India, its majority shareholder.

The bank's comfortable capitalisation levels and improving asset quality parameters were highlighted as key strengths, with lower incremental slippages and strong credit growth contributing to enhanced profitability. The bank's total advances stood at ₹1,209,558 crore as of March 31, 2025, with total deposits growing by approximately 11% to ₹1,472,035 crore in FY25.

For FY25, Bank of Baroda reported a net profit of ₹19,581 crore, an increase of approximately 10% from the previous year. The gross non-performing assets (GNPA) ratio improved to 2.26% as of March 31, 2025, down from 2.92% in the previous year, with the net non-performing assets (NNPA) ratio also improving to 0.58%. The bank's capital adequacy ratio (CAR) was 17.19%, exceeding the minimum regulatory requirement.