Business
Bank Of Baroda Reports Q2 Net Profit Of Rs 4,809 Crore, Improved Asset Quality
New Delhi: State-owned Bank of Baroda reported a mixed performance in Q2FY26, with an 8 per cent YoY decline in the net profit to Rs 4,809 crore, despite revenue growth and improved asset quality.
The net profit dipped 8.2 per cent YoY from Rs 5,238 in Q2 FY25, while it inched up 5.9 per cent on a quarterly basis. The H1FY26 net profit stood at Rs 9,351 crore, the bank said, adding that the operating profit for the quarter was Rs 7,576 crore, while for the half year it was Rs 15,812 crore.
Meanwhile, during the quarter, net interest income rose to Rs 11,954 crore for the quarter, a 4.5 per cent rise quarter-on-quarter and reached Rs 23,388 crore for the first half of FY26. Operating expenses reached Rs 7,893 crore for the quarter, up 7.7 per cent YoY. Asset quality improved as gross non-performing assets decreased by 34 basis points YoY to 2.16 per cent.
Bank’s Net NPA also reduced by 3 bps YoY and stood at 0.57 per cent in Q2FY26. “Global Net Interest Margin (NIM) for Q2FY26 improves by 5 bps sequentially and stood at 2.96 per cent, while it was at 2.93 per cent for H1FY26,” the statement said.
Domestic Net Interest Margin (NIM) stood at 3.10 per cent for the quarter, with an improvement of 4 bps QoQ. Bank’s organic retail advances grew by 17.6 per cent, driven by strong growth across segments such as mortgage loans (19.8 per cent), auto loans (17.7 per cent), home loans (16.5 per cent), education loans (14 per cent), and personal loans (18.6 per cent).
On a year-to-date basis and a monthly basis, the stock has gained 15.27 per cent and 7.11 per cent, respectively.
After the drop in gold price, Bitcoin price also fell.
Bitcoin fell below $77,000 in the global market, Bitcoin price fell by more than 13% in a week.
Bitcoin’s highest price in 6 months fell below $126,000, Bitcoin price has dropped by more than $49,000.
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The BSE Sensex is trading higher by 371 points, or 0.47%, at 81,090.24, while the NSE Nifty rises by 70 points to trade above 24,850 at 24,889.25.
Stock Market Today.
Market Updates Today: A day after the market crash following the Budget’s provision to hike Securities Transaction Tax (STT), the domestic equity market on Monday saw heightened volatility. After opening nearly flat, the NSE Nifty rose to the day’s high, then touched the day’s low before sharply recovering to trade at the day’s high of 25,093.
As of 3:16 pm, the BSE Sensex surged by 932 points, or up 1.13%, to 81,641.87 in the afternoon trade and the NSE Nifty rose by 267 points, or up 1.07%, to trade above 25,000 at 25,093.27. After opening nearly flat, the NSE Nifty rose to the day’s high, then touched the day’s low before sharply recovering to trade at the day’s high of 25,093.27.
Among the 30 Sensex shares, 25 stocks were trading in the green. Among the top gainers were PowerGrid, Adani Ports, BEL, Reliance, Mahindra & Mahindra, Larsen & Toubro, and IndiGo, rising by up to 7.91%. The laggards were Axis Bank, Infosys, Titan, TCS, and Trent, falling by up to 1.97%.
After opening nearly flat, at around 9:30 am, the BSE Sensex jumped by 350 points to 81,112.03 in the opening trade, while the NSE Nifty rose 91 points to trade above the 24,900 level at 24,910.85. However, the benchmarks gave up all gains and declined to day’s low amid heavy volatility.
Aakash Shah, technical research analyst at Choice Equity Broking Private Ltd, said, “Near-term sentiment remains cautious despite some support from domestic technical indicators. The broader market direction will largely be influenced by global equity cues, crude oil price movements, and institutional fund flows.”
On Sunday, the Nifty saw an aggressive sell-off after the Budget 2026 announcement to hike STT, plunging nearly 870 points from 25,440 to an intraday low of 24,571, before staging a partial recovery to close at 24,825.
“A strong bearish candle was formed, with the index closing decisively below the 200-day EMA, indicating a deterioration in trend strength. Immediate resistance is placed at 24,950–25,000, while key support lies in the 24,650-24,700 zone. The RSI slipped to 31, reflecting oversold conditions, while India VIX surged 10.73% to 15.09, highlighting elevated market volatility,” Shah said.
On Sunday, February 1, foreign institutional investors (FIIs) sold equities worth Rs 588 crore, while domestic institutional investors (DIIs) also remained net sellers, offloading shares worth Rs 682 crore, adding to the pressure on the market.
V K Vijayakumar, chief investment strategist at Geojit Investments Ltd, said, “Yesterday’s market selloff resulting in 495 point crash in Nifty was a knee-jerk reaction to the sharp increase in STT on F&O trades. This was not a revenue-raising measure, but a decision to discourage retail traders from complex F&O trading, in which 92% of them were losing money. This decision is in the interest of retail investors. But this decision impacted the market sentiments, which were already impacted by the decision to make no changes in the LTCGs tax, which a section of the market was expecting rather unrealistically.”
It is important to understand that the Budget is a growth-oriented Budget with fiscal prudence. The 10% nominal GDP growth projected in the Budget is achievable and has the potential to deliver around 15% earnings growth in FY27. The market will soon start discounting this positive. But it is possible that FIIs may continue to sell impacting the market. Retail investors should keep their cool and remain invested and continue to invest systematically. A significant upturn in the market may take time; perhaps a retreat from AI trade globally. We don’t know when this will happen. But we know that an earnings rebound is imminent in response to this growth oriented Budget. That is a clear positive, he added.
February 02, 2026, 09:34 IST
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Gold prices have fallen significantly in both local and international markets, with 10 grams now priced at Rs18,433 and a tola at Rs21,500.
The price per tola fell below Rs22,000, reaching Rs21,500, while 10 grams dropped to Rs18,433.
Internationally, gold also saw a decline, with prices falling by 215 dollars to 4,676 dollars per ounce.
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