Bank Of Baroda has informed the Exchange about Credit Rating
BANKBARODA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CARE Ratings has assigned a CARE A1+ rating to Bank of Baroda's proposed Certificate of Deposit (CD) programme of ₹20,000 crore, the highest short-term rating, reflecting strong capacity to meet short-term obligations. All existing Tier-II Bond ratings (totalling ₹3,350 crore across four instruments) have been reaffirmed at CARE AAA with a Stable outlook, the highest long-term rating. The ratings factor in the Government of India's majority ownership (63.97%), BOB's position as the third-largest public sector bank with net advances of ₹12.09 lakh crore, and comfortable capitalisation (CAR of 17.19% as of March 2025). The bank reported a 10% rise in FY25 net profit to ₹19,581 crore with improving asset quality (GNPA at 2.26%, NNPA at 0.58%). Rating sensitivities include reduction in GoI ownership below 51%, NNPA rising above 3%, or ROTA falling below 0.50%.
This is a routine rating reaffirmation with no change in credit profile. The AAA with Stable outlook and A1+ on the new CD programme reinforce BOB's strong credit standing and support its short-term fundraising plans. Neutral to mildly positive for shareholders, as the top-tier ratings reflect continued financial strength and government backing.