Mumbai, Oct. 30 -- Public sector lender Bank of Baroda on Friday reported its highest-ever quarterly net profit of Rs 6,532 crore for the July-September quarter of FY27, registering a 35.8 per cent year-on-year growth, even as its first-half net profit declined 16.5 per cent amid a sharp increase in provisioning.
The bank's H1 net profit stood at Rs 7,810 crore against Rs 9,351 crore in the corresponding period last year, despite a 23.7 per cent rise in operating profit to Rs 19,557 crore. Total provisions and contingencies during the first half surged to Rs 8,705 crore from Rs 3,199 crore a year ago.
The strong second-quarter performance was driven by a 50.9 per cent jump in operating profit to a record Rs 11,430 crore, alongside a sharp...