Bank of Baroda plans overseas expansion and eyes wholesale banking in developed markets
CEO Debadatta Chand told Mint the bank is weighing new foreign markets, with overseas lending up 40% and a margin outlook for the December quarter.
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what happened
Bank of Baroda, India's second-largest state-run lender, is looking to widen its international footprint. It plans wholesale banking in developed economies and retail banking in emerging markets, though specific countries and timelines have not been set. Managing director and CEO Debadatta Chand made the comments in an interview with Mint, saying the overseas loan book is growing strongly and asset quality is positive.
As of 30 September, international advances were about Rs.3.25 trillion, up 40% year on year, while international deposits rose 15% to Rs.2.62 trillion. Through the Reserve Bank of India's special window for foreign currency deposits, the bank mobilised roughly $8.08 billion via FCNR(B) deposits, with another $1.1 billion from other routes.
The bank expects its net interest margin to improve in the December quarter and has kept its FY27 NIM guidance at 2.75-2.95%. It raised its advances growth guidance to 13-15% and deposit growth guidance to 11-13%.
why it matters
For markets, the key points are the margin and loan growth outlook and the inflow of foreign currency deposits, which reduce reliance on costlier funding. The overseas expansion remains a plan without specifics.
market impact
Indian banks: stronger margin and lending outlook supports the sector
tags
instruments
sources
- Bank of Baroda plans overseas expansion, targets wholesale banking in developed markets — Moody's, 1 November 2026 at 13:05 UTC
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