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VERIFIEDMint Industry·negative
Bank of Baroda says recent NMC settlement based on commercial considerations, anticipation of legal overhang
AI Summary
- ·Bank of Baroda's Q1 profit fell 72% to ₹1,207 crore due to a $600 million settlement in the NMC Health litigation.
- ·The bank maintained its FY27 credit growth guidance.
- ·Loan growth stood at 17.4% with increasing FCNR inflows.