Loan growth 12-14% for FY25
Management reiterated loan growth guidance of 12-14% for FY25, with strong pipeline in corporate and retail segments.
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Bank of Baroda · forward-looking guidance across the available source record.
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growth
Deposit growth 10-12% for FY25
Deposit growth guidance of 10-12% for FY25, with focus on retail deposits and CASA improvement.
NIM guidance 3.15% ± 5bps
Net interest margin guidance maintained at 3.15% ± 5bps for FY25, supported by liability management.
Credit cost below 0.75% for FY25
Credit cost guidance improved to below 0.75% for FY25, factoring in potential ECL impact.
NIM guidance of 2.85%-3% for FY26
Management expects full-year NIM in the range of 2.85%-3%, with Q2 under pressure but improvement in H2.
Corporate loan growth target of 9%-10% for FY26
Management aims to grow corporate book at 9%-10% for the full year, despite muted Q1 growth of 4.2%.
Cost of deposits moderation of 15-17bps by September
Management expects cost of deposits to moderate by 15-17bps by September quarter due to repricing of maturing deposits.
Recovery target of over INR 10,000 crore for FY26
Management expects to exceed internal recovery target of INR 10,000 crore for the full year.
Deposit growth guidance revised to 9-11% for FY25
Management lowered deposit growth guidance from 10-12% to 9-11%, citing systemic deposit constraints, but aims to operate at the upper end of 11%.
Loan growth guidance revised to 11-13% for FY25
Advances growth guidance reduced from 12-14% to 11-13%, with a target to operate at 13%, driven by domestic growth and moderation in international book.
NIM guidance maintained at 3.15% ±5 bps
Net interest margin guidance remains unchanged at 3.15% plus/minus 5 basis points, supported by ALM management and expected moderation in deposit costs.
Credit cost guidance maintained below 0.75%
Credit cost guidance remains below 0.75%, with slippage ratio guided at 1-1.25% and ROA above 1% (target 1.10%).
Corporate loan growth of 10-11% in H2 FY26
Management expects corporate loan book to grow 10-11% in the second half, driven by strong pipelines and seasonal pickup.
Global NIM guidance of 2.85% to 3% for FY26
Net interest margin expected to be in the range of 2.85% to 3% for the full year, with Q3 range-bound and Q4 improvement.
Slippage ratio guidance of 1% to 1.25%
Management maintains slippage guidance at 1% to 1.25% for FY26, considering potential geopolitical headwinds.
Credit cost below 0.75% for FY26
Credit cost expected to remain below 0.75% for the full year, with current levels much lower.
Full-year NIM guidance revised to 3.00-3.10%
Management guided NIM for FY25 at 3.05% ± 5 bps (3.00-3.10%), with an upside bias due to potential rate cuts and improved liquidity.
Deposit growth guidance maintained at 9-11%
Management reiterated deposit growth guidance of 9-11% for FY25, with continued focus on reducing bulk deposit dependency.
Advance growth guidance maintained at 11-13%
Management reiterated advance growth guidance of 11-13% for FY25, with focus on RAM (retail, agri, MSME) segments.
Credit cost guidance maintained below 0.75%
Management maintained credit cost guidance of less than 0.75% for FY25, despite 9M credit cost of 0.47%.
Advances growth guidance of 11-13% with upside
Management maintained advances growth guidance of 11-13% for FY26, with an upside to exceed 13% given current strong performance.
Deposit growth guidance of 9-11%
Management guided for deposit growth of 9-11% for FY26, with domestic deposits growing at 11.1% in Q3.
NIM guidance of 2.85-3% for FY26
Full-year NIM guidance maintained at 2.85-3%, with Q3 NIM at 2.78% and expectation of Q4 exit above 2.85%.
Credit cost guidance revised downward to below 0.60%
Credit cost guidance revised from below 0.75% to below 0.60% for FY26, reflecting sustained low credit costs.
Loan growth guidance of 11-13% for FY26
Management maintained loan growth guidance of 11-13% for FY26, with potential upside if liquidity improves.
Deposit growth guidance of 9-11% for FY26
Deposit growth guidance maintained at 9-11%, with focus on reducing bulk deposit dependency.
NIM expected to be flat YoY in FY26
Management expects full-year NIM to be similar to FY25, with Q1 under pressure and recovery from Q2 onwards.
Slippage ratio guidance of 1-1.25% for FY26
Slippage ratio guidance maintained at 1-1.25%, with actuals trending well below this range.
Loan growth guidance raised to 12-14% for FY27
Upsized from earlier 11-13% due to strong performance, subject to global headwinds not impacting India significantly.
Deposit growth guidance raised to 10-12% for FY27
Increased from 9-11% earlier, reflecting improved deposit mobilization.
NIM guidance of 2.75-2.95% for FY27
Conservative range accounting for sticky deposit costs and potential volatility in IT refunds.
Capital raise of INR 14,500 crore planned
Includes INR 8,500 crore equity (by FY28) and INR 6,000 crore AT1/Tier 2 (FY27), subject to market conditions.