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Bank of Baroda shares fell as much as 3% after NMC Healthcare founder Bavaguthu Raghuram Shetty filed a lawsuit in the Bombay High Court seeking $15 billion in damages. Shetty accuses bank officials of facilitating the alleged diversion of funds from companies in his group.
Bank of Baroda said it had taken note of a suit filed by Bavaguthu Raghuram Shetty in the Bombay High Court on Oct. 13, 2026. The bank said it had not been served and was unable to comment further.
NMC Healthcare founder Bavaguthu Raghuram Shetty has approached the Bombay High Court seeking $15 billion in damages from Bank of Baroda and several officials, alleging they helped facilitate transactions linked to the NMC fraud.