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NMC health settlement drags Bank of Baroda Q1 net profit down 72%
Bank of Baroda's June-quarter profit fell 72% due to a large settlement payment. Other income also declined, impacting the bank's overall financial performance for the period. Shriram Finance reported a 60% increase in its standalone net profit for the first quarter. Bank of India's net profit jumped 36%, and it seeks foreign currency deposits.
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economictimes.indiatimes.com
Bank of Baroda Q1 Results: Profit falls 72% to Rs 1,278 crore on one-off settlement hit
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,…
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thehindu.com
Bank of Baroda Q1 PAT falls 72 % to ₹1,278 crore on NMC settlement
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…
