Bank of Baroda reported a record net profit of Rs 5,616 crore for Q4FY26, up 11.2% from Rs 5,048 crore a year ago, driven by higher net interest income and lower tax provisions, while full-year profit crossed Rs 20,000 crore to reach Rs 20,021 crore, a growth of 2.2%. According to MD and CEO Debadatta Chand, the bank raised its advances growth target to 12-14% from 11-13% and deposit growth to 10-12% from 9-11% after exceeding its FY26 goals. He said the bank received an income tax refund of Rs 1,500 crore during the quarter, which was used to make floating provisions and improve provision coverage rather than boost the bottom line.