Bank of Baroda settles NMC Health case for ₹5,700 cr
pre-market1 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, reached without any admission of wrongdoing, resolves all claims against the bank and halts ongoing proceedings in Abu Dhabi and England. The move aims to avoid prolonged litigation costs and implications for the bank's operations.
Not investment advice. For informational purposes only.