Bank of Baroda to pay ₹5,700 crore settlement regarding NMC Health failure
Bank of Baroda has reached an agreement to pay ₹5,700 crore to resolve legal disputes concerning its involvement in the downfall of the UAE-based healthcare company, NMC Health. The legal actions alleged that the bank played a part in the firm's failure following the discovery of billions of dollars in hidden debt. This settlement concludes the matter, and the bank has not admitted to any misconduct.