Bank of Baroda Q1 PAT falls 72 % to ₹1,278 crore on NMC settlement
Bank of Baroda's net profit fell 72% to ₹1,278 crore in Q1, primarily due to a one-time cost of ₹5,700 crore linked to a settlement with NMC Health's joint administrators. Despite this significant drop, the bank reported a 9.5% increase in net interest income, reaching ₹12,524 crore compared to ₹11,435 crore in the same quarter last year. The substantial settlement cost has raised concerns about the bank's financial stability moving forward.