Bank of Baroda (BoB) net profit plummeted 72% to ₹1,278 crore after incurring a one-time cost of ₹5,700 crore due to the out-of-court settlement with the joint administrators of United Arab Emirates-based NMC Health. The net profit in the year-earlier period was ₹4,541 crore.

Bank of Baroda's June-quarter profit fell 72% due to a Rs 5,680 crore one-off settlement, despite strong loan growth and stable asset quality. Excluding the exceptional item,…

Bank of Baroda (BoB) net profit plummeted 72% to ₹1,278 crore after incurring a one-time cost of ₹5,700 crore due to the out-of-court settlement with the joint administrators of…

Bank of Baroda's Q1FY27 profit drops 72% due to a one-time NMC Group settlement, impacting financial results significantly.