Bank of Baroda reported a sharp fall in June-quarter profit after absorbing a one-off exceptional item, even as the lender showed strong loan growth and stable asset quality. The state-owned bank posted net profit of Rs 1,278 crore for the quarter ended June 30, 2026, down 71.8% from Rs 4,541 crore in the same quarter last year. Sequentially, profit fell from Rs 5,616 crore in Q4FY26.
The bank said the quarter included an exceptional item of $600 million, equivalent to Rs 5,680 crore. Excluding the settlement payout, net profit would have stood at Rs 5,528 crore. Profit before tax fell 71.2% year-on-year to Rs 1,804 crore from Rs 6,270 crore. Tax provision stood at Rs 526 crore, compared with Rs 1,728 crore a year earlier.
