Bank of Baroda Q1 profit drops 72% amid cyber incident
pre-market1 source ↓written by the desknot a recommendation
- due
- 71.85% YoY
- legal settlement
- ₹5,680.23 crore
- to ₹33
- 6.82%
- increased
- 1.99%
Bank of Baroda reported a Q1 net profit of ₹1,278.39 crore, down 71.85% YoY due to a ₹5,680.23 crore legal settlement with NMC Health. Interest income rose 6.82% to ₹33,211 crore, but the gross NPA ratio increased to 1.99%. Additionally, the bank is investigating a cybersecurity incident involving unauthorized data access.
Not investment advice. For informational purposes only.