Bank of Baroda’s Q1FY27 Net Profit Drops 72% Due to NMC Health Settlement, Bank of India Sees 36% Increase
Bank of Baroda’s Q1FY27 net profit drops 72% due to a $600 million one-time settlement with NMC Health Plc, while Bank of India reports a 36% increase in net profit driven by loan growth and improved asset quality. Both banks are actively mobilising FCNR(B) deposits to reduce their overall cost of deposits and fund credit growth.
