Public sector lender Bank of Baroda (BoB) on Friday reported an 8 per cent year-on-year (y-o-y) fall in net profit for the quarter that ended September at ₹4,809 crore, on account of a higher base. However, the bottom line was 6 per cent higher on a sequential basis.

BoB’s MD, CEO Debadatta Chand said the lender had recovered ₹900 crore from a written-off account in Q2FY25, which boosted its bottomline in that period.

Chand said the bank made floating provisions of ₹400 crore in Q2FY26, in anticipation of a shift to the expected credit loss (ECL) model from the incurred loss model. With the addition, the bank’s overall floating provisions now stand at ₹1,000 crore.

“As far as ECL is concerned, yes, that is the reason we created higher provisions in this quarter. We cannot say that eac

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