Bank of Baroda reported a 15.46% year-on-year increase in global business for the first quarter of fiscal 2027, reaching ₹30.51 trillion as of June 30.
The state-owned lender’s expansion was driven by robust growth in both advances and deposits across its domestic and overseas operations.
The operational results provide a solid backdrop for Bank of Baroda’s ongoing efforts to raise up to $1 billion through the issuance of senior unsecured notes.
Advances rose 16.14% year-on-year, with retail lending showing particular strength, while domestic deposits grew by 14.74%.
This balanced growth in assets and liabilities indicates sustained demand for credit and stable funding conditions for the bank.
The operational results provide a solid backdrop for Bank of Baroda’s ongoing efforts to raise up to $1 billion through the issuance of senior unsecured notes.
The potential offering aims to bolster the lender’s foreign currency funding and support its international expansion strategy.