The bank indicated that the revised BRLLR reflects the reduction in the RBI’s repo rate from 6.00% to 5.50%, while the mark-up component remains constant at 2.65%. This adjustment corresponds to a decrease in the effective lending rate from 8.65% to 8.15%.
“In accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby notified that the Baroda Repo Based Lending Rate (BRLLR) has been modified effective 07.06.2025,” as stated in a stock exchange filing.
Also Read: Bank of Baroda reduces mandatory positive pay limit in phases to ₹2 lakh
Yesterday, the Reserve Bank of India (RBI) reduced the repo rate by 50 basis points (bps) to 5.5%, and also lowered the Cash Reserve Ratio (CRR) by 100 bps to 3%. This represents a total reduction of 100 bps in the repo rate since February 2025, marking the most significant easing phase in recent years.
Fourth Quarter
For the period, net profit was reported at ₹5,048 crore, showing a growth of 3.2% compared to the same quarter last year. This figure surpassed the CNBC-TV18 poll estimate of ₹4,801.7 crore. It should be noted that the bank’s profitability benefited from a significant increase in other income, which rose by 24% year-on-year to ₹5,210 crore.
However, Net Interest Income, the bank’s core income, fell by 6.6% from the previous year to ₹11,019 crore. The CNBC-TV18 poll had forecasted this number at ₹11,678 crore. The Gross NPA for the quarter was recorded at 2.26%, down from 2.43% in the last quarter, while the Net NPA was at 0.58%, slightly down from 0.59% in the December quarter.
Also Read: Bank of Baroda Q4 Update: Domestic advances grow over 13%, deposits increase nearly 10%
Shares of Bank of Baroda Ltd closed at ₹246.30, declining by ₹4.30, or 1.72%, on the BSE.
First Published: Jun 7, 2025 9:20 PM IST
