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India’s Bank of Baroda agrees $600m payout in NMC fraud case

By CityCalc Newsroom · Thu Jul 02 2026 · Source: AGBI

Bank of Baroda, one of India’s largest lenders, has agreed a $600 million out-of-court settlement in the NMC Health fraud case. The India-listed bank was one of three defendants in the $5.4 billion claim brought by Alvarez & Marsal (A&M), administrator of the collapsed A…

Bank of Baroda, one of India’s largest lenders, has agreed a $600 million out-of-court settlement in the NMC Health fraud case. The India-listed bank was one of three defendants in the $5.4 billion claim brought by Alvarez & Marsal (A&M), administrator of the collapsed A…

Curated by CityCalc from AGBI. Read the full article at the source.

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