Bank of Baroda Q1 results: Public sector undertaking (PSU) bank, Bank of Baroda (BoB), on Friday, 24 July, reported a nearly 72% year-on-year (YoY) fall in its standalone net profit to ₹1,278.39 crore for the April-June quarter of the financial year 2026-27 (Q1FY27). In the same quarter of the previous financial year, the public sector lender’s profit was ₹4,541.36 crore.
The fall in Q1 profit is due to a one-time expense of ₹5,680.23 crore incurred during the quarter, related to payments to NMC Group to settle a legal dispute.
In July this year, Bank of Baroda agreed to pay $600 million in an out-of-court settlement to resolve years-long litigation linked to the collapse of United Arab Emirates (UAE)-based healthcare provider NMC Health.
Total income of the bank, for the quarter under review, rose 2.6% YoY to ₹36,681.09 crore.
(This is a developing story. Please check back for fresh updates.)
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