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.

by shortkt.com
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Bank of Baroda to pay ₹5,700 crore settlement regarding NMC Health failure | ShortKT