Bank of Baroda Reports Q1 FY27 Results; Net Profit Stands at INR 1,278 Crore Amid Major Settlement

Bank of Baroda Reports Q1 FY27 Results; Net Profit Stands at INR 1,278 Crore Amid Major Settlement​

Bank of Baroda announced its financial results for the first quarter of fiscal year 2026-27 (Q1 FY27), highlighting sustained business growth across key segments. The bank reported a quarterly net profit of INR 1,278 crore after accounting for a one-off exceptional item related to corporate disputes.

The consolidated and standalone results showed steady operational performance in Q1 FY27. Net Interest Income (NII) for the quarter stood at INR 12,524 crore, marking a 9.5% year-on-year increase. Operating Profit reached INR 8,127 crore.

Financial Performance and Capital Adequacy​

For the quarter ended June 30, 2026, the bank's profitability metrics were as follows:


Standalone profitability metrics showed a robust focus on interest income, while Non-Interest Income totaled INR 3,470 crore. The bank's Global Net Interest Margin (NIM) stood at 2.77%, with the Domestic NIM recorded at 2.93%.

In terms of financial stability and capital adequacy:

Asset Quality and Business Growth​

The bank continued to maintain strong asset quality, reporting the Gross Net NPA ratio at 1.99% in Q1 FY27, a reduction from 2.28% in Q1 FY26. The Net NPA (NNPA) ratio also reduced by 10 basis points (bps) year-on-year to 0.50%.

Business growth metrics indicated steady momentum:

• Advances: Global Advances increased by 17.4% year-on-year (YoY), reaching INR 14,16,898 crore. Domestic advances grew by 16.1% YoY and stood at INR 11,50,906 crore. Organic Retail Advances saw a strong growth of 18.4% YoY, driven by Auto Loan (25.3%), Mortgage Loan (27.4%), Home Loan (14.7%), and Education Loan (10.8%).
• Deposits: Global Deposits grew by 13.8% YoY to INR 16,33,559 crore. Domestic deposits increased by 14.7% YoY to INR 13,81,535 crore.

The bank's comprehensive asset structure remained balanced. One entity’s financial report showed the following balance sheet figures as at June 30, 2026: Total Liabilities stood at 211,692,809 lakh, while total assets were reported at 202,125,376 lakh.

Resolution of Corporate Disputes​

A significant item impacting the Q1 FY27 results was a settlement involving the NMC Group entities (NMC Health PLC, NMC Healthcare LTD, and NMC Holding LTD). The bank settled claims arising from insolvency proceedings, which were linked to alleged fraud between 2012-2020. Bank of Baroda made a payment of USD 600 million (equivalent to INR 5,680 crore) on July 1, 2026, and the settlement amount was debited to the Profit & Loss Account for the quarter ended June 30, 2026.

The settlement concluded proceedings against the Bank in the Abu Dhabi Global Market (ADGM) Court of First Instance and the High Court of Justice of England & Wales, bringing an end to prolonged litigation regarding these claims.

BANKBARODA Stock Price Movement​

Today, Bank of Baroda shares edged higher to close at ₹246.45, rising 1.27% in trading. The stock finished the day with a volume of 8.48 million shares.