# Bank of Baroda (BANKBARODA) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/bankbaroda

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹250.31
- Change: +0.26%
- As of: 2026-11-06
- 1D return: +0.26%
- 5D return: +4.91%
- 1M return: +6.97%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

As of the close on 5 November 2026, BANKBARODA trades at ₹249.67, reflecting a short-term bullish structure within a longer-term downtrend. The daily trend is positive, with price holding above the 20-day and 50-day moving averages and the Supertrend indicator signaling bullishness. However, trend strength is weak (ADX 18.79), and the stock sits near the upper end of its 20-day (93.6%) and 50-day (93.9%) ranges, suggesting limited immediate upside room. Conversely, the weekly trend remains bearish with a Supertrend signal below price and an established ADX of 28.3, while the monthly view shows price below all major moving averages despite a bullish Supertrend. This multi-timeframe conflict indicates a potential consolidation or reversal phase rather than a confirmed breakout. Recent anomalies include a high-severity upward gap on 2 November (+2.7%) and a volume-price move on 5 November (+1.8%), supporting short-term participation. Key resistance lies at ₹249.75 (immediate) and ₹251.35, with support at ₹248.68 and ₹247.02. The stock remains in a significant drawdown (-23.0% current, -29.9% maximum) over the past year.

- Daily trend is bullish but weak (ADX 18.79); price is above 20/50-day EMAs and Supertrend, yet near 20-day range highs (+93.6%).
- Weekly trend is bearish (Supertrend below price, ADX 28.3); Monthly trend shows price below MAs despite bullish Supertrend.
- Immediate resistance at ₹249.75 and ₹251.35; key support levels at ₹248.68 and ₹247.02.
- Recent activity includes a +2.7% upward gap (2 Nov) and high-volume advance (5 Nov); annualized volatility is 27.8%.

- Harami
- Bullish Engulfing Reversal
- Inside Bar
- Morning Star
- Outside Bar
- Doji

### News Context

Bank of Baroda reported a Q2 FY27 net profit of ₹6,532 crore on November 2, 2026, exceeding market expectations and driving a 5.11% share price increase. Following this result, Axis Securities issued a buy recommendation with a ₹290 target, and JM Financial upgraded its stance to 'buy' with a revised target of ₹280. However, the bank faces significant legal and operational headwinds. On November 5, the Bombay High Court issued a notice in a $15 billion civil suit filed by NMC Healthcare founder BR Shetty, alleging financial irregularities, disputed guarantees, and fund diversion; the matter is listed for consideration on November 19. Additionally, media reports from November 2 highlighted cybersecurity incidents involving Bank of Baroda and State Bank of India, where customer data appeared on the dark web, though the bank has assured no material business impact without providing detailed explanations.

- Earnings and Broker Views: Q2 FY27 net profit was ₹6,532 crore, leading to a 5.11% stock rise; Axis Securities set a ₹290 buy target and JM Financial upgraded to 'buy' with a ₹280 target.
- Legal Risk: The Bombay High Court issued a notice on November 5 regarding a $15 billion suit by BR Shetty alleging financial irregularities and disputed guarantees, with hearings scheduled for November 19.
- Cybersecurity Concerns: Reports indicate customer data exposure on the dark web in recent incidents, with the bank citing no material business impact but lacking detailed public explanations.

- [Bombay HC issues notice to Bank Of Baroda in BR Shetty's $15 billion suit](https://www.cnbctv18.com/business/finance/bombay-hc-issues-notice-to-bank-of-baroda-in-br-shetty-dollar-15-billion-suit-20027878.htm)
- [Reliance fuels Nifty’s best single-day jump in months; Sensex reclaims 75,600](https://www.thehindubusinessline.com/markets/reliance-fuels-niftys-best-single-day-jump-in-months-sensex-reclaims-75600/article71656555.ece)
- [Aurionpro Solutions posts 16% revenue growth in Q2, but profits slide](https://www.thehindubusinessline.com/companies/aurionpro-solutions-posts-16-revenue-growth-in-q2-but-profits-slide/article71656306.ece)
- [Bank of Baroda shares rise over 5%; JM Financial upgrades to 'buy'](https://www.businesstoday.in/markets/stocks/story/bank-of-baroda-shares-rise-over-5-jm-financial-upgrades-to-buy-565123-2026-11-02)
- [India’s Banking Blind Spot: Cybersecurity failures without accountability](https://www.moneycontrol.com/news/opinion/india-s-banking-blind-spot-cybersecurity-failures-without-accountability-14066153.html)

### Fundamentals

Bank of Baroda’s Q2 FY2026-27 results (ended September 2026) demonstrate a sharp acceleration in profitability, driven by strong top-line growth and improved operating leverage. Total income rose to ₹45,784 crore from ₹41,317 crore in Q1, with interest earned increasing to ₹37,021 crore. While interest expenditure also rose to ₹22,660 crore, the bank successfully expanded its net interest margin, resulting in operating profit jumping 20% sequentially to ₹12,674 crore. Net profit surged to ₹6,639 crore from ₹1,573 crore in Q1, reflecting better cost control despite higher provisions of ₹3,407 crore.

Balance-sheet expansion remains robust, with total assets growing to ₹22,31,467 crore as of September 2026. Advances increased to ₹15,24,547 crore, supported by deposit growth to ₹17,75,096 crore. Cash flow generation is healthy, with free cash flow at ₹31,911 crore for the year ended March 2026. However, Return on Equity (ROE) has moderated to 13% for the year ended March 2026, down from 16% in the prior year, indicating that asset growth is currently outpacing equity returns. Shareholding patterns show stable promoter holding at 63.97%, while FII participation fluctuated between 8.71% and 10.29% over the last three quarters.

- Net profit surged 322% sequentially to ₹6,639 crore in Q2 FY2026-27, driven by a 20% rise in operating profit to ₹12,674 crore.
- Total assets expanded to ₹22,31,467 crore, with advances growing to ₹15,24,547 crore and deposits reaching ₹17,75,096 crore.
- ROE declined to 13% for the year ended March 2026, down from 16% in March 2025, signaling margin pressure relative to balance-sheet size.
- Free cash flow remained strong at ₹31,911 crore for FY2025-26, supporting liquidity amidst aggressive credit growth.

### Bull Case

Bank of Baroda demonstrated strong operational momentum in Q2 FY27, reporting a net profit of ₹6,532 crore that exceeded market expectations. This financial performance triggered positive analyst sentiment, with Axis Securities issuing a buy recommendation at a ₹290 target and JM Financial upgrading its stance to 'buy' with a ₹280 target. Consequently, the stock rose 5.11% on the day of the results. Technically, the daily trend remains bullish as of November 5, 2026, supported by a Supertrend signal in the bullish direction and a positive slope for both the 20-day EMA (4.13) and SMA (3.03). The stock closed at ₹249.67, trading within a tight range between immediate support at ₹248.68 and resistance at ₹249.75.

- Q2 FY27 net profit reached ₹6,532 crore, surpassing consensus estimates and driving a 5.11% single-day share price increase.
- Analyst coverage turned constructive post-results: Axis Securities set a ₹290 buy target, while JM Financial upgraded to 'buy' with a ₹280 target.
- Daily technical indicators remain bullish as of November 5, 2026, with the Supertrend signaling an uptrend and positive slopes in short-term moving averages.
- The stock is currently trading near immediate resistance at ₹249.75, with support established at ₹248.68.

- [Bombay HC issues notice to Bank Of Baroda in BR Shetty's $15 billion suit](https://www.cnbctv18.com/business/finance/bombay-hc-issues-notice-to-bank-of-baroda-in-br-shetty-dollar-15-billion-suit-20027878.htm)
- [Reliance fuels Nifty’s best single-day jump in months; Sensex reclaims 75,600](https://www.thehindubusinessline.com/markets/reliance-fuels-niftys-best-single-day-jump-in-months-sensex-reclaims-75600/article71656555.ece)
- [Aurionpro Solutions posts 16% revenue growth in Q2, but profits slide](https://www.thehindubusinessline.com/companies/aurionpro-solutions-posts-16-revenue-growth-in-q2-but-profits-slide/article71656306.ece)
- [Bank of Baroda shares rise over 5%; JM Financial upgrades to 'buy'](https://www.businesstoday.in/markets/stocks/story/bank-of-baroda-shares-rise-over-5-jm-financial-upgrades-to-buy-565123-2026-11-02)
- [India’s Banking Blind Spot: Cybersecurity failures without accountability](https://www.moneycontrol.com/news/opinion/india-s-banking-blind-spot-cybersecurity-failures-without-accountability-14066153.html)
- [Bank of Baroda has informed the Exchange about Intimation Regarding Shifting of Corporate Office of The Registrar and Share Transfer Agent (RTA) of the Bank |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/BANKBARODA_03112026182440_SERTA.pdf)
- [Bank Of Baroda has informed the Exchange about Newspaper Publication regarding EGM specified date |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/BANKBARODA_31102026130332_SENPNOTICE.pdf)
- [Bank Of Baroda has informed the Exchange about Link of Recording and Outcome of Analyst meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/BANKBARODA_31102026130740_SEANALYST.pdf)
- [Bank Of Baroda has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1583_WebXMLFile_20261031_131950735.xml)
- [Bank Of Baroda has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1583_WebXMLFile_20261031_132144380.xml)

### Bear Case

Bank of Baroda faces significant legal and operational headwinds that temper its recent earnings momentum. The Bombay High Court has issued a notice in a $15 billion civil suit filed by BR Shetty, alleging financial irregularities, disputed guarantees, and fund diversion; the matter is listed for consideration on November 19. This litigation introduces substantial uncertainty regarding potential liabilities and reputational impact. Concurrently, cybersecurity vulnerabilities remain a concern, with recent incidents resulting in customer data appearing on the dark web, despite management assurances of no material business impact. From a market perspective, while shares rose over 5% following Q2 FY27 net profit of ₹6,532 crore, the stock remains under long-term pressure, recording a year-to-date return of -17.0% and a current drawdown of -23.0%. Technical indicators show divergence: daily trends are bullish, but weekly trends are bearish with a negative EMA-20 slope, suggesting near-term volatility and resistance at levels close to the current price.

- Bombay HC issued notice in $15 billion suit alleging irregularities and disputed guarantees, listed for hearing on November 19.
- Cybersecurity risks persist with customer data found on dark web, lacking detailed regulatory explanation or accountability.
- Stock shows technical divergence: daily trend bullish but weekly trend bearish (EMA-20 slope -4.48), with current drawdown at -23.0%.
- Year-to-date performance remains negative at -17.0%, with resistance levels immediately above the current price of ₹249.67.

- [Bombay HC issues notice to Bank Of Baroda in BR Shetty's $15 billion suit](https://www.cnbctv18.com/business/finance/bombay-hc-issues-notice-to-bank-of-baroda-in-br-shetty-dollar-15-billion-suit-20027878.htm)
- [Reliance fuels Nifty’s best single-day jump in months; Sensex reclaims 75,600](https://www.thehindubusinessline.com/markets/reliance-fuels-niftys-best-single-day-jump-in-months-sensex-reclaims-75600/article71656555.ece)
- [Aurionpro Solutions posts 16% revenue growth in Q2, but profits slide](https://www.thehindubusinessline.com/companies/aurionpro-solutions-posts-16-revenue-growth-in-q2-but-profits-slide/article71656306.ece)
- [Bank of Baroda shares rise over 5%; JM Financial upgrades to 'buy'](https://www.businesstoday.in/markets/stocks/story/bank-of-baroda-shares-rise-over-5-jm-financial-upgrades-to-buy-565123-2026-11-02)
- [India’s Banking Blind Spot: Cybersecurity failures without accountability](https://www.moneycontrol.com/news/opinion/india-s-banking-blind-spot-cybersecurity-failures-without-accountability-14066153.html)
- [Bank of Baroda has informed the Exchange about Intimation Regarding Shifting of Corporate Office of The Registrar and Share Transfer Agent (RTA) of the Bank |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/BANKBARODA_03112026182440_SERTA.pdf)
- [Bank Of Baroda has informed the Exchange about Newspaper Publication regarding EGM specified date |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/BANKBARODA_31102026130332_SENPNOTICE.pdf)
- [Bank Of Baroda has informed the Exchange about Link of Recording and Outcome of Analyst meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/BANKBARODA_31102026130740_SEANALYST.pdf)
- [Bank Of Baroda has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1583_WebXMLFile_20261031_131950735.xml)
- [Bank Of Baroda has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1583_WebXMLFile_20261031_132144380.xml)

### FAQs

**What is the nature and scale of the legal risk facing Bank of Baroda?**

The Bombay High Court has issued a notice to Bank of Baroda in a $15 billion civil suit filed by NMC Healthcare founder BR Shetty. The litigation alleges financial irregularities, disputed guarantees, fund diversion, and reputational damage. The court has listed the matter for consideration on November 19, 2026.

**How did Bank of Baroda perform financially in Q2 FY27, and how was it received by analysts?**

Bank of Baroda reported a Q2 FY27 net profit of ₹6,532 crore, which exceeded market expectations and drove a 5.11% share price gain. Following this result, Axis Securities issued a buy recommendation with a target of ₹290, and JM Financial upgraded its stance to 'buy' with a revised target of ₹280.

**What are the current technical trends and key price levels for Bank of Baroda shares?**

As of November 5, 2026, the daily trend is bullish with the share closing at ₹249.67. However, the weekly trend remains bearish. Key resistance levels are near ₹249.75 and ₹251.35, while immediate support sits around ₹248.68. The stock has experienced a maximum drawdown of -29.9% and an annualized volatility of +27.8%.

**Are there any operational or cybersecurity concerns investors should monitor?**

Recent reports indicate that customer data from Bank of Baroda appeared on the dark web following cyber incidents. The bank has assured no material business impact but provided limited details. Additionally, Registrar KFin Technologies will shift its corporate office effective December 1, 2026, a routine administrative update.

- [Bombay HC issues notice to Bank Of Baroda in BR Shetty's $15 billion suit](https://www.cnbctv18.com/business/finance/bombay-hc-issues-notice-to-bank-of-baroda-in-br-shetty-dollar-15-billion-suit-20027878.htm)
- [Reliance fuels Nifty’s best single-day jump in months; Sensex reclaims 75,600](https://www.thehindubusinessline.com/markets/reliance-fuels-niftys-best-single-day-jump-in-months-sensex-reclaims-75600/article71656555.ece)
- [Aurionpro Solutions posts 16% revenue growth in Q2, but profits slide](https://www.thehindubusinessline.com/companies/aurionpro-solutions-posts-16-revenue-growth-in-q2-but-profits-slide/article71656306.ece)
- [Bank of Baroda shares rise over 5%; JM Financial upgrades to 'buy'](https://www.businesstoday.in/markets/stocks/story/bank-of-baroda-shares-rise-over-5-jm-financial-upgrades-to-buy-565123-2026-11-02)
- [India’s Banking Blind Spot: Cybersecurity failures without accountability](https://www.moneycontrol.com/news/opinion/india-s-banking-blind-spot-cybersecurity-failures-without-accountability-14066153.html)
- [Bank of Baroda has informed the Exchange about Intimation Regarding Shifting of Corporate Office of The Registrar and Share Transfer Agent (RTA) of the Bank |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/BANKBARODA_03112026182440_SERTA.pdf)
- [Bank Of Baroda has informed the Exchange about Newspaper Publication regarding EGM specified date |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/BANKBARODA_31102026130332_SENPNOTICE.pdf)
- [Bank Of Baroda has informed the Exchange about Link of Recording and Outcome of Analyst meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/BANKBARODA_31102026130740_SEANALYST.pdf)
- [Bank Of Baroda has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1583_WebXMLFile_20261031_131950735.xml)
- [Bank Of Baroda has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1583_WebXMLFile_20261031_132144380.xml)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹249.07
- Risk regime: Price Risk Requires Attention

### Support levels
- 243.7575
- 230.66500000000002
- 226.195625

### Resistance levels
- 256.49109375
- 272.6171875
- 285.77851562499995

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.26% |
| return_10 | +8.41% |
| return_1m | +7.55% |
| return_1y | -12.59% |
| return_20 | +6.97% |
| return_3m | -0.27% |
| return_5 | +4.91% |
| return_6m | -7.40% |
| return_since_start | +3.77% |
| return_ytd | -16.77% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -29.88% |
| annualized_volatility | +27.78% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Bank Of Baroda FY2026-27 Q2: Profit rebounds to ₹6,639 crore

Bank Of Baroda reported Q2 FY2026-27 income of ₹45,784 crore, up 10.8% from Q1 FY2026-27 and 19.1% year on year. Profit after tax rose to ₹6,639 crore from ₹1,573 crore in the preceding quarter and ₹5,070 crore a year earlier, as operating profit before provisions increased; provisions and tax expense also rose.

## Income and interest costs

Interest earned increased 5.4% quarter on quarter to ₹37,021 crore, while interest expended rose 6.4% to ₹22,660 crore. The difference between the two amounts widened to about ₹14,360 crore from ₹13,813 crore in Q1 FY2026-27. Total income also includes other income streams.

## Operating performance and provisions

Operating expenses rose 10.8% quarter on quarter to ₹10,449 crore. Operating profit before provisions and contingencies increased 19.7% to ₹12,674 crore from ₹10,584 crore in Q1 FY2026-27, and was up 49.2% year on year. Provisions other than tax and contingencies climbed 26.3% quarter on quarter to ₹3,407 crore.

Profit before tax was ₹9,267 crore, compared with ₹2,206 crore in Q1 FY2026-27 and ₹6,695 crore in Q2 FY2025-26. Tax expense rose to ₹2,628 crore from ₹633 crore in the preceding quarter.

## Profit and capital

Profit after tax was ₹6,639 crore, up from ₹1,573 crore in Q1 FY2026-27 and ₹5,070 crore in Q2 FY2025-26. Consolidated profit after tax after minority interests and share of associates was ₹6,737 crore, compared with ₹1,783 crore in the preceding quarter.

The CET1 ratio increased to 14.65% at 30 September 2026 from 14.36% at 30 June 2026. Return on assets was 1.24%, versus 0.34% in the preceding quarter, while the additional Tier 1 ratio was unchanged at 0.5%.

## Balance sheet

At 30 September 2026, total assets stood at ₹22,31,467 crore, advances at ₹15,24,547 crore, deposits at ₹17,75,096 crore and borrowings at ₹1,83,471 crore. Investments were ₹5,02,214 crore, compared with ₹4,35,778 crore at 31 March 2026. Reserves and surplus were ₹1,73,746 crore, up from ₹1,64,833 crore at 31 March 2026.

## Key Takeaway

Q2 marked a strong recovery in profit from the low Q1 base, with operating profit before provisions also rising substantially. Higher provisions and tax expense absorbed part of that improvement, while the CET1 ratio strengthened quarter on quarter.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +63.97%
- FII holding: +10.29%
- DII holding: +17.83%
- Mutual fund holding: +9.49%
- Retail holding: +6.04%
- Promoter pledged: +0.00%

### Major reported shareholders

- President of India — +63.97%
- LICI ULIP GROWTH FUND — +5.06%
- NPS TRUST A/C LIC PENSION FUND SCHEME — +2.07%
- HDFC LARGE AND MID CAP FUND — +1.86%
- SBI ARBITRAGE FUND — +1.86%
- KOTAK DEBT HYBRID — +1.85%

## Official filings

- 2026-11-03 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_03112026182440_SERTA.pdf)
- 2026-10-31 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_31102026130332_SENPNOTICE.pdf)
- 2026-10-31 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_31102026130740_SEANALYST.pdf)
- 2026-10-31 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1583_WebXMLFile_20261031_131950735.xml)
- 2026-10-31 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1583_WebXMLFile_20261031_132144380.xml)
- 2026-10-31 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1583_WebXMLFile_20261031_132653138.xml)
- 2026-10-30 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_30102026162256_SEFINALRESULTS.pdf)
- 2026-10-30 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_30102026171708_SEEGM.pdf)
- 2026-10-30 — Financial Results Filing: Bank Of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_BANKING_1750415_30102026074739_WEB.xml)
- 2026-10-30 — Financial Results Filing: Bank Of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_BANKING_1750420_30102026075023_WEB.xml)
- 2026-10-29 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_29102026202746_SENews.pdf)
- 2026-10-26 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_26102026175226_SEanalystfinal.pdf)
- 2026-10-26 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1583_WebXMLFile_20261026_192409468.xml)
- 2026-10-23 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_23102026182250_SEAppointment.pdf)
- 2026-10-23 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1583_WebXMLFile_20261023_185157299.xml)
- 2026-10-21 — Board Meeting Notice: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_21102026130037_SEBoardMeet.pdf)
- 2026-10-21 — Board Meeting Notice: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1583_WebXMLFile_20261021_130355603.xml)
- 2026-10-21 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1583_WebXMLFile_20261021_130355603.xml)
- 2026-10-14 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_14102026085918_SE141026.pdf)
- 2026-10-09 — Shareholding Disclosure: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1735143_09102026062755_WEB.xml)
- 2026-10-09 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_09102026221531_SEMCLR09102026.pdf)
- 2026-10-08 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_08102026151353_SENP081026.pdf)
- 2026-10-07 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_07102026192944_SEintimation.pdf)
- 2026-10-05 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_05102026153813_SEOUTSTANDINGBOND.pdf)
- 2026-10-03 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_03102026173318_SEPROVISIONAL.pdf)

## News and market events

- 2026-11-07 — The Hindu: **Bank of Baroda’s Guyana subsidiary opens new Head Office, Georgetown branch** — Bank of Baroda (Guyana) Inc, the only Indian bank with a presence in Guyana, inaugurated its new Head Office and Georgetown branch to strengthen financial ties between the two nations. The subsidiary highlighted digital payments as a key focus area, particularly regarding efforts to facilitate UPI-based capabilities following an understanding between India and Guyana. This development coincides with a recently announced US$500 million Indian credit facility for key development projects in Guyana. — [Source](https://www.thehindubusinessline.com/money-and-banking/bank-of-barodas-guyana-subsidiary-opens-new-head-office-georgetown-branch/article71679025.ece)
- 2026-11-05 — CNBC-TV18: **Bombay HC issues notice to Bank Of Baroda in BR Shetty's $15 billion suit** — The Bombay High Court has issued a notice to Bank of Baroda regarding a $15 billion civil suit filed by NMC Healthcare founder BR Shetty, who seeks urgent interim relief to preserve the bank's records. The litigation involves allegations of financial irregularities, disputed guarantees, fund diversion, and reputational damage, with the court listing the matter for consideration on November 19. — [Source](https://www.cnbctv18.com/business/finance/bombay-hc-issues-notice-to-bank-of-baroda-in-br-shetty-dollar-15-billion-suit-20027878.htm)
- 2026-11-02 — The Hindu: **Reliance fuels Nifty’s best single-day jump in months; Sensex reclaims 75,600** — Reliance Industries’ strongest single-day gain since April 2020 fueled India’s best Nifty jump in months, helping the Sensex reclaim 75,600 and extend its winning streak to three sessions. The rally was supported by easing crude oil prices, positive corporate earnings surprises across sectors like metals and oil & gas, and robust domestic consumption data reflected in October GST collections. While market breadth remained positive with broad-based gains, analysts cautioned that sustaining the recovery requires continued institutional inflows and contained crude prices amid upcoming US economic — [Source](https://www.thehindubusinessline.com/markets/reliance-fuels-niftys-best-single-day-jump-in-months-sensex-reclaims-75600/article71656555.ece)
- 2026-11-02 — The Hindu: **Aurionpro Solutions posts 16% revenue growth in Q2, but profits slide** — Aurionpro Solutions reported a 16% year-on-year revenue increase to ₹415 crore in Q2 FY27, but profit after tax declined by 11.4% to ₹50 crore as total expenses grew faster than revenue. The margin contraction was driven by rising depreciation, amortisation, and finance costs associated with acquisition-related spending, including the purchase of the Omnifin loan management platform. Despite the profit slide, the company secured an order book of approximately ₹2,050 crore with new wins in banking and fintech segments. — [Source](https://www.thehindubusinessline.com/companies/aurionpro-solutions-posts-16-revenue-growth-in-q2-but-profits-slide/article71656306.ece)
- 2026-11-02 — BUSINESSTODAY: **Bank of Baroda shares rise over 5%; JM Financial upgrades to 'buy'** — Bank of Baroda shares gained 5.11% after reporting Q2 FY27 net profit of Rs 6,532 crore, which exceeded market expectations. Following this performance, Axis Securities issued a buy recommendation with a price target of Rs 290, while JM Financial upgraded its stance to 'buy' with a revised target price of Rs 280. — [Source](https://www.businesstoday.in/markets/stocks/story/bank-of-baroda-shares-rise-over-5-jm-financial-upgrades-to-buy-565123-2026-11-02)
- 2026-11-02 — MONEYCONTROL: **India’s Banking Blind Spot: Cybersecurity failures without accountability** — Recent cyber incidents involving Bank of Baroda and State Bank of India have resulted in significant customer data appearing on the dark web, yet both institutions have provided assurances of no material business impact without detailed explanations or facing immediate regulatory consequences. — [Source](https://www.moneycontrol.com/news/opinion/india-s-banking-blind-spot-cybersecurity-failures-without-accountability-14066153.html)
- 2026-11-02 — MONEYCONTROL: **Bank of Baroda shares surge 5% after strong Q2 results; brokerages bullish, check target prices** — Bank of Baroda's shares rose by 5% following the release of strong second-quarter financial results. Brokerages have expressed bullish views on the stock, with analysts setting new target prices. — [Source](https://www.moneycontrol.com/news/business/markets/bank-of-baroda-shares-surge-5-after-strong-q2-results-brokerages-bullish-check-target-prices-14066327.html)
- 2026-11-02 — MONEYCONTROL: **Buy Bank of Baroda; target of Rs 300: Emkay Global Financial** — Emkay Global Financial has issued a 'Buy' recommendation for Bank of Baroda with a price target of Rs 300. — [Source](https://www.moneycontrol.com/news/business/stocks/buy-bank-of-baroda-target-of-rs-300-emkay-global-financial-14066317.html)
- 2026-11-02 — MONEYCONTROL: **Buy Bank of Baroda; target of Rs 344: Anand Rathi** — Brokerage firm Anand Rathi has issued a 'Buy' recommendation for Bank of Baroda shares, setting a price target of Rs 344. — [Source](https://www.moneycontrol.com/news/business/stocks/buy-bank-of-baroda-target-of-rs-344-anand-rathi-14066238.html)
- 2026-11-02 — MONEYCONTROL: **Price Action: Bank of Baroda shares gain 3% post Q2 results; Maruti Suzuki jumps on 21% rise in October sales** — Bank of Baroda shares rose by 3% in price action following the publication of its second-quarter financial results. — [Source](https://www.moneycontrol.com/news/business/markets/price-action-bank-of-baroda-shares-gain-3-post-q2-results-maruti-suzuki-jumps-on-21-rise-in-october-sales-14065759.html)
- 2026-11-02 — The Hindu: **Bank of Baroda shares jump nearly 3% as analysts upgrade on Q2 beat** — Bank of Baroda shares rose nearly 3% following the reporting of strong second-quarter results that triggered analyst upgrades and target price revisions across multiple brokerages. — [Source](https://www.thehindubusinessline.com/markets/stock-markets/bank-of-baroda-shares-jump-nearly-3-as-analysts-upgrade-on-q2-beat/article71655528.ece)
- 2026-11-02 — MONEYCONTROL: **Accumulate Bank of Baroda; target of Rs 280: Prabhudas Lilladher** — Brokerage firm Prabhudas Lilladher has issued an 'Accumulate' recommendation for Bank of Baroda, setting a price target of Rs 280. — [Source](https://www.moneycontrol.com/news/business/earnings/accumulate-bank-of-baroda-target-of-rs-280-prabhudas-lilladher-2-14066113.html)
- 2026-11-02 — CNBC-TV18: **11:11 | Reliance Ind in focus after results; Cyclone Murasu, 12 stocks for Samvat 2083 and more** — Reliance Industries Ltd. shares rose 6% following the reporting of its strongest-ever quarterly performance with record revenue and improved profitability in the September quarter. Goldman Sachs identified upside potential to ₹1,840 based on this results beat. — [Source](https://www.cnbctv18.com/business/1111-reliance-ind-in-focus-after-results-cyclone-murasu-12-stocks-for-samvat-2083-and-more-20024449.htm)
- 2026-11-02 — Economic Times: **Bank of Baroda shares jump 5% after Q2 net profit rises 36%. What Nomura and other brokerages saying?** — Bank of Baroda shares jumped nearly 5% after the lender reported a 36% year-on-year increase in Q2 FY27 net profit to Rs 6,532 crore, aided by Rs 1,340 crore in gains from the sale of its stake in the National Stock Exchange (NSE). Brokerages provided mixed ratings on the stock, with Nomura maintaining a 'Neutral' rating and reducing its target price to Rs 270, Systematix maintaining a 'Buy' rating with a target of Rs 285, and Dolat Capital maintaining a 'Reduce' rating with a target of Rs 260. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/bank-of-baroda-shares-in-focus-as-nse-stake-sale-aids-36-profit-growth-in-q2-what-are-nomura-other-brokerages-saying/articleshow/135443950.cms)
- 2026-11-02 — MONEYCONTROL: **Bank of Baroda gains 4% after 36% Q2 profit growth; Nomura sees core earnings beat, retains 'Neutral'** — Bank of Baroda's stock rose 4% following the announcement of 36% Q2 profit growth. Nomura noted a core earnings beat but maintained a Neutral recommendation for the bank. — [Source](https://www.moneycontrol.com/news/business/stocks/bank-of-baroda-gains-4-after-36-q2-profit-growth-nomura-sees-core-earnings-beat-retains-neutral-14065989.html)
- 2026-11-02 — BUSINESSTODAY: **GIFT Nifty up 172 pts; RIL, Jio Platforms, BEL, EAAA India, BoB, autos among top stocks in focus** — Reliance Industries reported a 33.8% YoY increase in net profit to Rs 29,550 crore for the quarter ended September 30, 2026, alongside a 27.8% rise in revenue. Jio Platforms posted a 13.7% YoY growth in net profit to Rs 8,387 crore for the same period, with margins improving to 54.1%. Bharat Electronics saw its net profit jump 19.8% YoY to Rs 1,541 crore, while Bank of Baroda's net profit surged 35.8% YoY to Rs 6,531.5 crore for Q2 FY27. — [Source](https://www.businesstoday.in/markets/stocks/story/gift-nifty-up-172-pts-ril-jio-platforms-bel-coal-india-eaaa-india-bob-among-stocks-in-focus-565017-2026-11-02)
- 2026-11-02 — CNBC-TV18: **Bank of Baroda share price: Brokerages revise earnings estimates after Q2 results; check ratings and targets** — Brokerages including HSBC, CLSA, UBS, Citi, and Nomura revised earnings estimates and ratings for Bank of Baroda following its Q2FY27 results, citing lower credit costs, improved asset quality, and growth in core fee income. HSBC upgraded its rating to Buy with a target price of ₹286, while other firms maintained positive or neutral stances with adjusted targets based on stronger underlying performance. — [Source](https://www.cnbctv18.com/market/stocks/bank-of-baroda-share-price-brokerages-earnings-estimates-q2-results-ratings-targets-20024501.htm)
- 2026-11-02 — BUSINESS: **Stocks to watch: RIL, Jio Platforms, NTPC, Muthoot Finance, Bank of Baroda** — Multiple Indian listed companies reported Q2FY27 financial results showing growth in profits and revenues, including Reliance Industries, Jio Platforms, NTPC, Muthoot Finance, Bank of Baroda, PB Fintech, Coal India, CDSL, and Nazara Technologies. Additionally, Affle 3i signed an agreement to acquire Perion Network, and the CCI approved Xavier Niel's proposal to acquire a stake in Vodafone Group Plc, impacting Vodafone Idea. — [Source](https://www.business-standard.com/markets/news/stocks-to-watch-ril-jio-platforms-ntpc-muthoot-finance-bank-of-baroda-126110200060_1.html)
- 2026-11-02 — Economic Times: **Stocks in news: Reliance Industries, Jio Platforms, M&M, CDSL, ITC, NTPC, IOCL and Hero MotoCorp** — Several major Indian companies reported their quarterly earnings results, with Reliance Industries, Jio Platforms, NTPC Green Energy, CDSL, NTPC, Bank of Baroda, GAIL, Bharat Electronics, and Mahindra & Mahindra showing profit growth, while Sun Pharma reported a decline due to exceptional charges. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-reliance-industries-jio-platforms-mm-cdsl-itc-ntpc-iocl-and-hero-motocorp/articleshow/135432220.cms)
- 2026-11-01 — Mint: **Bank of Baroda plans overseas expansion, targets wholesale banking in developed markets | Company Business News** — Bank of Baroda plans to expand its international footprint, targeting wholesale banking in developed economies and retail banking in emerging markets. The lender aims to build on strong growth in its overseas business and expects margins to improve in the December quarter. — [Source](https://www.livemint.com/companies/news/bank-of-baroda-overseas-expansion-wholesale-banking-debadatta-chand-11793508880749.html)
- 2026-10-31 — Economic Times: **Bank of Baroda's Q2 profit surges 36% YoY on NSE stake sale** — Bank of Baroda reported a 36% year-on-year increase in Q2 net profit to ₹6,532 crore, primarily due to one-time gains from the partial sale of its NSE stake and increased recoveries from written-off accounts. — [Source](https://economictimes.indiatimes.com/markets/stocks/earnings/bank-of-barodas-q2-profit-surges-36-yoy-on-nse-stake-sale/articleshow/135387894.cms)
- 2026-10-30 — Times of India: **Bank of Baroda net profit up 36% to Rs 6532 crore** — Bank of Baroda reported a 35.81% year-on-year increase in standalone net profit to Rs 6,531.54 crore for the quarter ended Sept 30, 2026, driven by higher core earnings, improved asset quality, and a sharp rise in other income. — [Source](https://timesofindia.indiatimes.com/business/india-business/bank-of-baroda-net-profit-up-36-to-rs-6532-crore/articleshow/135367349.cms)
- 2026-10-30 — The Hindu: **BoB posts record Q2 profit of ₹6,532-cr on 96% surge in non-interest income** — Bank of Baroda has launched a forensic investigation after critical customer information was allegedly leaked to the dark web, marking a significant operational security incident. — [Source](https://www.thehindu.com/business/bob-posts-record-q2-profit-of-6532-cr-on-96-surge-in-non-interest-income/article71645840.ece)
- 2026-10-30 — The Hindu: **Bank of Baroda logs highest quarterly net profit at ₹6,532 cr in Q2FY27** — BoB posts record quarterly standalone net profit of Rs 6,532 crore in Q2FY27, driven by NII growth and higher other income. — [Source](https://www.thehindubusinessline.com/money-and-banking/bank-of-baroda-logs-highest-quarterly-net-profit-at-6532-cr-in-q2fy27/article71645747.ece)
- 2026-10-30 — BUSINESSTODAY: **Bank of Baroda raises lending, deposit growth guidance amid strong traction for second successive quarter** — Bank of Baroda raised its full-year credit growth guidance to 13-15% and deposit growth to 11-13%, up from previous estimates of 12-14% and 10-12% respectively, driven by strong Q2 advances and deposits. The bank also reported a standalone net profit of Rs 6,532 crore for the July-September quarter, a 36% increase year-on-year, while noting that funds raised through FCNR(B) will help reduce reliance on bulk deposits. — [Source](https://www.businesstoday.in/latest/corporate/story/bank-of-baroda-raises-lending-deposit-growth-guidance-amid-strong-traction-for-second-successive-quarter-564851-2026-10-30)

## Business profile

**Strategic vision:** Offers banking and financial services across segments.

### Business segments
- **Personal Banking:** Provides a variety of savings accounts, current accounts, and deposit schemes for individual needs.
- **Business Banking:** Offers specialized banking products for MSMEs and comprehensive financial solutions for large corporations, including credit and trade finance.
- **Rural & Agri Loans:** Provides dedicated lending products for the agricultural sector and rural communities to support farming and development.
- **Digital Initiatives:** Develops digital platforms to provide banking services and relevant features to specific customer groups.
- **International Banking:** Facilitates international transactions, foreign exchange, and correspondent banking relationships globally.

### Competitive strengths
- Public sector bank status
- Extensive range of banking and financial services
- Network of subsidiaries and joint ventures

## Related stocks

- [AU Small Finance Bank Limited (Financial Services)](https://faxioms.com/stocks/aubank) — -0.98%
- [Canara Bank (Financial Services)](https://faxioms.com/stocks/canbk) — +0.02%
- [The Federal Bank  Limited (Financial Services)](https://faxioms.com/stocks/federalbnk) — +0.47%
- [IDBI Bank Limited (Financial Services)](https://faxioms.com/stocks/idbi) — -0.09%
- [IDFC First Bank Limited (Financial Services)](https://faxioms.com/stocks/idfcfirstb) — -0.60%

## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/bankbaroda
Markdown representation: https://faxioms.com/stocks/bankbaroda?render=md