Bank of Baroda shares in focus as lender's board approves ₹8,500 crore fundraising; here is all you need to know

This will be subject to applicable statutory/regulatory approvals, the filing said.

Further, the bank's board has authorised an extension of time up to March 31, 2026, and beyond, if required, for raising the remaining capital of ₹4,000 crore (by way of Additional Tier I (AT I) and/or Tier II Debt Capital Instruments) out of the ₹7,500 crore that was already approved by the Board as a part of the previous year’s capital plan in its meeting dated July 5, 2024.

Bank of Baroda Q3 FY25 Results

Total income increased to ₹34,676 crore from ₹31,416 crore registered in the same period a year ago.

Interest income also rose to ₹30,908 crore during the quarter under review compared to ₹28,605 crore logged in the year-ago period.

On the operational front, the operating profit of the public sector bank grew to ₹7,664 crore from ₹7,015 crore registered in the third quarter of the previous fiscal.

On the asset quality front, the bank's gross non-performing assets (NPA) ratio moderated to 2.43% against 3.08% a year ago.

Similarly, net NPAs, or bad loans, came down to 0.59% from 0.7% during the same quarter.

However, the overall provisions, excluding tax, increased to ₹1,082 crore from ₹666 crore a year ago.

Recent business update

Earlier in February 2025, Tata Power Renewable Energy Ltd. (TPREL) said it has partnered with Bank of Baroda to facilitate financing of residential rooftop solar projects under the PM - Surya Ghar Muft Bijli Yojana.

Both the entities have signed a Memorandum of Understanding (MoU), under which applicants can avail loan amounts up to ₹6 lakh at an interest rate starting at 7% per annum with both fixed and floating rate options, TPREL said in a statement.

The PM—Surya Ghar: Muft Bijli Yojana is the world's largest domestic rooftop solar initiative, transforming India's energy landscape with a bold vision to supply solar power to one crore households by March 2027.

Under the scheme, customers installing residential rooftop solar systems with capacities of up to 3 kW can avail loans up to ₹2 lakh with no income documentation required.

"We are strongly committed to expanding our engagement in the renewable energy sector, in line with the government's vision to maximise power generation through sustainable sources. We look to further strengthen our partnership with Tata Power Renewable, a key leader in India's renewable energy landscape," Lalit Tyagi, Executive Director, Bank of Baroda, said.

Bank of Baroda stock performance

Shares of Bank of Baroda have fallen over 21% in the past 12 months and 12% in the last six months.