Bank Of Baroda has informed the Exchange about Credit Rating
BANKBARODA · price
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Awaiting price reaction for this filing.
CARE Ratings has assigned a 'CARE AAA; Stable' rating to Bank of Baroda's proposed Green Infrastructure Bonds of ₹10,000 crore. The agency also reaffirmed the existing 'CARE AAA; Stable' rating on three Tier II bonds totaling ₹2,900 crore (₹500 crore, ₹400 crore, and ₹2,000 crore) and the 'CARE A1+' rating on the Certificate of Deposit program of ₹20,000 crore. One old Tier II bond rating was withdrawn following its full redemption on the scheduled maturity date (January 22, 2026). The rating action reflects Bank of Baroda's status as one of India's largest public sector banks, majority Government of India ownership (63.97%), comfortable capitalisation (CAR of 15.29% as of December 2025), and improving asset quality (GNPA at 2.04%, NNPA at 0.57%). The stable outlook signals expectation of steady growth, stable asset quality, and adequate capital cushion in the medium term.
Positive for shareholders — reaffirmation of the highest AAA credit rating on existing instruments and assignment of AAA to new green bonds confirms Bank of Baroda's strong financial health and easy access to low-cost funding. Watch for some near-term margin pressure, as net interest margin declined to 2.56% in 9MFY26 from 2.83% a year ago due to faster repricing of loans versus deposits.