Bank of Baroda | Bank of Baroda's Q1 profit plunged to ₹1,278 crore, sharply below the CNBC-TV18 poll estimate, due to a one-time exceptional loss of ₹5,680 crore related to the settlement of NMC litigation.
Net interest income rose 10% year-on-year to ₹12,525 crore, while provisions declined sharply.
Asset quality weakened slightly on a sequential basis.
Bank of Baroda | Bank of Baroda's Q1 profit plunged to ₹1,278 crore, sharply below the CNBC-TV18 poll estimate, due to a one-time exceptional loss of ₹5,680 crore related to the settlement of NMC litigation. Net interest income rose 10% year-on-year to ₹12,525 crore, while provisions declined sharply. Asset quality weakened slightly on a sequential basis.
