What was filed
On 24 July 2026 the Board of Bank of Baroda approved its unaudited (reviewed) standalone and consolidated results for the quarter ended 30 June 2026, filed under Regulations 33 and 52 of SEBI (LODR). The defining item within the numbers is a one-off settlement charge tied to long-running litigation involving the NMC Group.
Per Note 12, administrators of NMC Group entities had brought legal proceedings against Dr. B R Shetty, Mr. Prashant Manghat and Bank of Baroda before the Abu Dhabi Global Market Court and the England & Wales High Court, arising from the group's insolvency. Under a settlement agreement dated 1 July 2026, the bank's liability was limited to USD 600 million, paid that day and debited to the June-quarter profit and loss account. The claims were resolved without admission of liability, and the proceedings against the bank in both courts have been discontinued.
How the settlement moved the profit line
The bank stated in its press release that net profit was reported "after absorbing the impact of one-off exceptional item," and disclosed what the figure would have been excluding that charge. The reported net profit and the ex-settlement figure are set out separately in the key-numbers panel.
Operating performance moved far less. The bank described "sustained strong growth momentum," with global business, advances and deposits all up year-on-year and net interest income higher than a year earlier. Asset-quality metrics improved on the year, with both the gross and net NPA ratios lower than in Q1 FY26 and a provision coverage ratio of 93.28% (with technical write-offs). The auditors flagged the settlement as an Emphasis of Matter but did not modify their review conclusion.
Reserves and other disclosures
Following RBI's May 2026 amendment discontinuing the Investment Fluctuation Reserve, the bank transferred the entire standalone IFR balance of ₹334,000 lakhs to the General Reserve during the quarter, and held a floating provision of ₹250,000 lakhs as of 30 June 2026.
Alongside the results, the bank filed a security-cover certificate for its listed unsecured non-convertible securities (aggregating ₹52,623 crore outstanding, all privately placed and unsecured), and a statement confirming that proceeds of its ₹10,000 crore Long Term Green Infrastructure Bonds Series I were fully utilised with no deviation.