🚀 Business & Startups🇮🇳 India
Bank of Baroda to Pay ₹5,700 Crore to Settle NMC Health Fraud Case
mint - companies·Sunday, 5 July 2026
Bank of Baroda is paying $600 million (roughly ₹5,700 crore) to settle a case linked to the collapse of NMC Health, a major healthcare group. The bank says it is settling without admitting any liability. The payout is nearly 28% of the bank's FY26 net profit, which will hurt its earnings this financial year.
Why It Matters
This is a public sector bank, which means ordinary Indians with savings or investments there have a stake in how it performs. A hit this size to profits is not something investors or depositors can ignore.
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