New Delhi, July 24 -- 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 Rs.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 Rs.4,541.36 crore.

The fall in Q1 profit is due to a one-time expense of Rs.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 Heal...