Bank of Baroda settles NMC Health case for ₹5,700 cr
Bank of Baroda has settled litigation linked to NMC Health's collapse by paying ₹5,700 cr. This settlement ends a significant cross-border dispute without admitting liability, allowing the bank to avoid further legal costs.
after close1 source ↓written by the desknot a recommendation
- $600 million
- ₹5,700 cr
Bank of Baroda has agreed to pay ₹5,700 cr ($600 million) to settle litigation related to the collapse of UAE-based NMC Health. This settlement concludes one of the largest cross-border disputes involving an Indian public sector bank, halting proceedings in Abu Dhabi and England without any admission of wrongdoing. The move aims to avoid prolonged litigation costs.
Not investment advice. For informational purposes only.