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 United Arab Emirates-based NMC Health. Gross NPA (GNPA) at 1.99% compared with 2.24% in the first quarter of FY26.
- ▪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.
- ▪Gross NPA (GNPA) at 1.99% compared with 2.24% in the first quarter of FY26.
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| Original publisher | The Hindu |
| Canonical URL | https://www.thehindu.com/business/bank-of-baroda-q1-pat-falls-72-to-1278-crore-on-nmc-settlement/article71262829.ece |
| Publication time | Fri, 24 Jul 2026 20:09:38 +0530 |
| Retrieval time | 2026-07-24T14:49:41.466Z |
| Last seen | 2026-07-24T14:49:41.466Z |
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Opening excerpt (first ~120 words) tap to expand
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.Despite the one-time cost, the lender increased its net interest income by 9.5% to ₹12,524 crore in the reporting quarter as against ₹11,435 crore in the prior corresponding quarter.In terms of asset quality, net non-performing assets (NNPA) dipped 10 basis points to 0.5% for the June quarter compared with 0.6% in the same quarter last year. Gross NPA (GNPA) at 1.99% compared with 2.24% in the first quarter of FY26.
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