Bank of Baroda

Bank of Baroda’s Stable Outlook & Growth Highlights 📈

- Moody’s reaffirmed Bank of Baroda’s (BOB) Baa3 long-term deposit ratings with a stable outlook.

- BOB’s Baa3 ratings are two notches above its ba2 Baseline Credit Assessment (BCA), reflecting strong government support.

- Gross NPL ratio improved to 2.3% in March 2025, down from 3.8% in March 2023.

- Net income/tangible assets remained stable at 1.17% in fiscal 2025, aided by loan recoveries.

- CET1 capital ratio rose to 14.3% in March 2025 from 13.0% a year earlier.

- Funding and liquidity remain strong, with market funds/tangible banking assets at 11.8%—lower than global peers.

- Total assets grew to ₹18,541.9B (USD 216.9B) in March 2025, up from ₹16,477.2B (USD 197.6B) in March 2024.

- ESG credit impact score is CIS-2, indicating minimal influence on ratings due to government backing.

- Potential upgrade triggers: TCE/RWA above 13% and net income/tangible assets above 1.2%.

- Potential downgrade risks: Sovereign rating cut or sustained TCE/RWA below 7%.