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Bank of Baroda raises FY27 credit growth guidance to 13-15%; FCNR(B) to support H2

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Bank of Baroda raises FY27 credit growth guidance to 13-15%; FCNR(B) to support H2

Bank of Baroda raises FY27 credit growth guidance to 13-15%; FCNR(B) to support H2

Bank of Baroda has raised its FY27 credit growth guidance to 13–15% from 12–14%, while increasing deposit growth guidance to 11–13%. The bank said strong H1 growth and liquidity mobilised through FCNR(B) deposits give it confidence on stronger H2 growth.

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Second largest public sector lender Bank of Baroda has raised its FY27 credit growth guidance to 13–15% from 12–14%, citing strong performance in the first half and expectations of stronger growth in the second half of the financial year. The lender has also raised its deposit growth guidance to 11–13% from the earlier 10–12%. The bank retained its net interest margin guidance at 2.75–2.95%, while indicating an upward bias in margins in the third and fourth quarters. “On the credit growth from 12% to 14% guidance, we are upsizing that to 13% to 15%. Similarly, the deposit guidance, we are given 10% to 12%, we are upsizing that to 11% to 13%,” MD & CEO Debadatta Chand told media during the bank’s Q2 FY27 earnings call on Friday. Advt

5%. The bank also expects the December and March quarters to support growth, as these are typically its stronger quarters. FCNR(B) liquidity to support H2 advances A key factor supporting the bank's confidence is the liquidity mobilised through the Reserve Bank of India's FCNR(B) deposit scheme.


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