Bank of Baroda shares fall 1% as Q1 PAT declines 48% to Rs 1,783 crore due to one-time payout in NMC Group...

Bank of Baroda's Q1 net profit declined 48% to Rs 1,783 crore.

Profit fall was due to a one-time payout of about Rs 5,700 crore in the NMC Group case.

On July 2, Bank of Baroda reached an out-of-court settlement with NMC Health PLC, NMC Healthcare Ltd, and NMC Holding Ltd.

The settlement payout was handled through the bank's Abu Dhabi branch.

Bank of Baroda shares fell 1% following the news.