Bank of Baroda (BoB) is targeting a full-year credit growth of 11–13%, led by strong traction in its retail, agriculture, and MSME (RAM) segments, which are expected to expand over 15%, according to Managing Director and CEO Debadatta Chand.

The corporate book is projected to grow at a moderate 10–11% for the year, despite only 8% sequential growth in the second quarter. Chand said the bank remains cautious about aggressively pursuing low-margin corporate refinancing deals to preserve profitability.

The state-run lender delivered a resilient performance in its J uly-September quarter of 2025 (Q2FY26), with net interest margins (NIMs) expanding by five basis points to 2.96%, defying market expectations of a contraction. Chand attributed the strong showing to prudent liability managemen

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