NMC health settlement drags Bank of Baroda Q1 net profit down 72%

Bank of Baroda's net profit fell 72% year-on-year to ₹1,278 crore in Q1FY27 from ₹4,541 crore a year earlier, dragged by a one-time provision for the NMC Health settlement case. Other income fell 26% as treasury income dropped 60%, though loan growth was strong at 17% to ₹14.16 lakh crore and net interest income rose 10% to ₹12,524 crore. Separately, Shriram Finance posted a 60% rise in net profit to ₹3,445 crore, Bank of India reported a 36% jump to ₹3,068 crore and is raising $1.2 billion via FCNR-B deposits, while SBI Life Insurance saw a 22% rise in net profit to ₹720 crore.