Bank of Baroda Q1 FY27: Net Profit at ₹1,278 Cr due to ₹600 Mn NMC Settlement
Bank of Baroda reported Q1 FY27 results with global business at ₹30.5 lakh crore (+15.4% YoY). Net profit was ₹1,278 crore due to a ₹5,000 crore ($600 Mn) NMC settlement. Excluding this, net profit would be ₹5,528 crore. NIM stood at 2.77%, GNPA at 1.99%, and CRAR at 16.30%.
The significant impact of the USD 600 million settlement on the net profit and the detailed discussion around it makes this announcement highly impactful for investors and analysts.
The net profit was significantly impacted by a large one-time settlement related to the NMC group, which artificially lowered the reported profit. While operational performance showed growth, the exceptional item overshadows the positive results.
Bank of Baroda announced its financial results for the quarter ended June 30, 2026. The bank's global business stood at ₹30.5 lakh crore, registering a Year-on-Year (YoY) growth of 15.4%. Global advances grew by 17.4% YoY, with domestic advances growing at 16.1% and international at 23.3%. RAM (Retail, Agriculture, MSME) advances saw robust growth, with the organic retail book growing by 18.4%, agriculture by 18.7%, and organic MSME at 20.3%. Corporate loans grew by 15.3% YoY.
Total deposits grew by 13.8%, with domestic deposits growing at 14.7%. Domestic CASA deposits grew by 10%, and term deposits registered a growth of 17.8% YoY. The domestic credit-deposit ratio stood at 83.31%, and the CASA ratio was 37.72%.
Operating profit for the quarter was ₹8,127 crore. However, the net profit for Q1 FY27 was ₹1,278 crore after absorbing the impact of an out-of-court settlement for a legacy litigation issue concerning the NMC group. The bank paid USD 600 million (approximately ₹5,000 crore) on July 1, 2026, which was debited to the profit and loss account for the quarter. Without this exceptional item, the net profit would have been ₹5,528 crore, and Return on Assets (ROA) would have been 1.10%.
Net Interest Margin (NIM) stood at 2.77%. Asset quality remained robust, with Gross NPA (GNPA) ratio improving by 29 bps YoY to 1.99%, and Net NPA ratio at 50 bps. Provision Coverage Ratio was 93.28%. Slippage ratio for Q1 FY27 reduced by 25 bps YoY to 0.91%, and credit cost stood at 0.29%.
Capital adequacy remained strong with CET1 at 13.9%, Tier1 at 14.41%, and CRAR at 16.30%. The bank provided guidance for the upcoming periods, maintaining a credit growth guidance of 12-14% and deposit growth of 10-12%. NIM is expected to be between 2.75-2.95%, with credit cost below 0.6% and slippages between 1-1.25%.
What to do with a filing like this
Bank of Baroda filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Bank of Baroda. Read the original for the full detail.