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.
On the reaction day the stock moved 2.4 pts more than Nifty 100 and 1.6 pts more than its Public Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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ICRA has assigned an [ICRA]AAA (Stable) rating to Bank of Baroda's new Rs. 10,000 crore Long-Term Green Infrastructure Bond issue. ICRA also reaffirmed the bank's existing ratings: [ICRA]AA+ (Stable) on Rs. 5,500 crore Basel III Tier-I (AT-1) bonds and [ICRA]AAA (Stable) on Rs. 1,000 crore infrastructure bonds and the fixed deposit programme. The Rs. 450 crore Basel III Tier II bond rating was withdrawn as those bonds have been fully redeemed. ICRA cited BoB's sovereign ownership (63.97% government stake), strong capital position (CET I of 12.45%), improving asset quality (GNPA at 2.04%, NNPA at 0.57% as of Dec 2025), and superior liquidity (LCR at 126%) as key credit strengths. Profitability moderated slightly in 9M FY2026 with RoA at 1.05% versus 1.17% in FY2025, but is expected to improve from Q1 FY2027.
This is a positive but largely expected development. The reaffirmation of top-tier AAA ratings across major instruments signals continued strong creditworthiness, while the new Green Infrastructure Bond rating enables BoB to raise up to Rs. 10,000 crore for green/infrastructure lending. The withdrawal of the Rs. 450 crore Tier II bond rating reflects routine redemption, not any credit concern. Minimal direct share price impact expected as the news is broadly neutral-to-mildly positive.