Bank of Baroda enters 5.7k crore settlement with creditors of NMC Health

Bank of Baroda has settled a major legal dispute, agreeing to pay $600 million to administrators of the collapsed NMC Health group. This out-of-court agreement concludes years of litigation concerning cross-border insolvency and alleged fraud following NMC's 2020 downfall. The payment will be distributed to creditors, with the bank's shares seeing a reaction to the news.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/V6dyOLZ