Bank of Baroda FCNR(B) deposits reach Rs 1.03 lakh crore

Bank of Baroda reported Foreign Currency Non-Resident (Bank), or FCNR(B), deposits of Rs 1.03 lakh crore at September 2026, up from Rs 17,870 crore a year earlier. International gross advances rose 39.7% year on year to Rs 3.25 lakh crore, the fastest growth rate among the bank’s broad reported lending segments.

How much did Bank of Baroda’s FCNR(B) deposits grow?

Bank of Baroda’s FCNR(B) deposits rose to Rs 1.03 lakh crore in September 2026 from Rs 17,870 crore in September 2025, an increase of Rs 84,692 crore. The presentation does not state a year-on-year percentage for the line and marks it as not meaningful. The balance was also substantially above Rs 29,090 crore in June 2026, representing a quarterly increase of Rs 73,472 crore.

Bank of Baroda disclosed Rs 77,270 crore of BOB Legend FCNR(B) deposits within the total FCNR(B) balance at September 2026. This identifies BOB Legend as the larger disclosed component of the Rs 1.03 lakh crore FCNR(B) total. The presentation separately identifies self-leverage advances associated with BOB Legend deposits, rather than saying that the entire FCNR(B) deposit balance supported those advances.

The increase occurred within a broader deposit base of Rs 17.45 lakh crore at September 2026, compared with Rs 15.00 lakh crore a year earlier. International deposits were Rs 2.62 lakh crore, up 14.9% year on year, while domestic deposits reached Rs 14.84 lakh crore, up 16.6%. FCNR(B) deposits were reported in the domestic-deposits table, alongside term deposits and current account savings account balances.

What drove Bank of Baroda’s international advances growth?

Bank of Baroda’s international gross advances increased to Rs 3.25 lakh crore in September 2026 from Rs 2.32 lakh crore a year earlier, a rise of Rs 92,163 crore or 39.7%. This exceeded the 18.3% growth in global gross advances and the 13.5% increase in gross domestic advances. International gross advances also rose 22.0% from Rs 2.66 lakh crore in June 2026.

The Rs 3.25 lakh crore international-advances balance includes Rs 60,527 crore of self-leverage on BOB Legend FCNR(B) deposits. This explicitly links a defined share of international lending to the BOB Legend programme at September 2026. However, Bank of Baroda does not provide equivalent self-leverage balances for September 2025 or June 2026, so the presentation does not quantify that component’s contribution to the full annual or quarterly increase.

International advances added Rs 58,512 crore between June and September 2026, compared with a Rs 37,038 crore increase in gross domestic advances. Gross domestic advances remained the larger book at Rs 11.88 lakh crore at September 2026. Global gross advances totalled Rs 15.12 lakh crore, up from Rs 12.79 lakh crore in September 2025 and Rs 14.17 lakh crore in June 2026.

How did Bank of Baroda’s deposit mix change?

Bank of Baroda’s deposit mix shifted towards term deposits in the year to September 2026. Term deposits rose 20.5% to Rs 9.44 lakh crore from Rs 7.83 lakh crore, while retail term deposits increased 7.6% to Rs 5.45 lakh crore. Bulk deposits, including certificates of deposit, grew 14.5% to Rs 2.96 lakh crore; the bank defines domestic bulk deposits as Rs 3 crore and above.

Domestic current account savings account, or CASA, deposits reached Rs 5.40 lakh crore, up 10.4% year on year and 3.5% quarter on quarter. Yet the domestic CASA ratio fell to 36.37% at September 2026 from 38.42% a year earlier, a decline of 205 basis points. One basis point is one-hundredth of a percentage point.

Within domestic deposits, term deposits accounted for 64% at September 2026, compared with 62% at September 2025. Savings deposits represented 30%, down from 32%, while current deposits remained at 6%. Domestic current deposits increased 14.7% year on year to Rs 92,086 crore, compared with 9.6% growth in domestic savings deposits to Rs 4.47 lakh crore.

How did international lending compare with Bank of Baroda’s domestic credit segments?

Bank of Baroda’s international gross advances grew faster than every broad domestic segment listed in its September 2026 advances table. Retail advances rose 18.6% to Rs 3.24 lakh crore, agriculture increased 19.0% to Rs 2.02 lakh crore, and micro, small and medium enterprise, or MSME, advances grew 21.3% to Rs 1.75 lakh crore. Corporate advances increased 6.3% to Rs 4.26 lakh crore, against international growth of 39.7%.

Among named domestic retail products, gold loans posted the highest percentage growth at 66.6%, reaching Rs 13,693 crore. That balance was smaller than international advances and the main domestic loan segments. Auto loans rose 27.8% to Rs 63,324 crore, mortgage loans increased 20.3% to Rs 28,594 crore, and home loans, the largest named retail category, grew 14.6% to Rs 1.59 lakh crore.

The mix of gross domestic credit also changed over the year. Retail’s share rose to 32.0% from 31.2%, agriculture increased to 17.0% from 16.2%, and MSME reached 15.2% from 14.3%. Corporate credit’s share fell to 35.8% from 38.3%, although its outstanding balance rose by Rs 25,054 crore. Retail, agriculture and MSME, grouped by Bank of Baroda as RAM, represented 64.2% of gross domestic credit, up from 61.7%.

What does the BOB Legend disclosure show about Bank of Baroda’s balance sheet?

Bank of Baroda’s disclosures show that BOB Legend appeared in both the FCNR(B) deposit and international-advance data at September 2026. BOB Legend FCNR(B) deposits were Rs 77,270 crore, and self-leverage on those deposits included in international gross advances was Rs 60,527 crore. These are separately disclosed deposit and lending balances associated with the product.

The figures do not constitute a full funding reconciliation. Bank of Baroda reported total FCNR(B) deposits of Rs 1.03 lakh crore and total international deposits of Rs 2.62 lakh crore, but did not disclose product-level maturities, pricing, currencies or collateral terms. Similarly, the Rs 3.25 lakh crore international-advances balance includes the stated Rs 60,527 crore self-leverage amount without separate product-level yield or asset-quality figures.

The available data therefore establish a connection in the reported balances, not a complete assessment of the programme’s economics or risk. The presentation gives no BOB Legend self-leverage comparison for the Rs 2.32 lakh crore international-advances balance in September 2025. It also provides no specific explanation for the Rs 73,472 crore quarterly increase in FCNR(B) deposits.

Conclusion

Bank of Baroda’s September 2026 data show that FCNR(B) deposits reached Rs 1.03 lakh crore while international gross advances increased 39.7% to Rs 3.25 lakh crore. BOB Legend was material to both disclosures, with Rs 77,270 crore of deposits and Rs 60,527 crore of self-leverage advances, as domestic credit growth was led by MSME, agriculture and retail rather than corporate lending.

The next reported periods will show whether the September-quarter increases of Rs 73,472 crore in FCNR(B) deposits and 22.0% in international gross advances continue. Bank of Baroda does not disclose a BOB Legend target, maturity profile or future plan in this presentation, leaving subsequent FCNR(B), BOB Legend deposit and self-leverage balances as the relevant figures to watch.