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News 2026-10-14 10:33 UTC
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.
News 2026-10-14 07:43 UTC
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.
News 2026-10-13 19:05 UTC
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.
News 2026-10-13 17:37 UTC
BR Shetty is seeking $15 billion in damages from Bank of Baroda and 25 other defendants, alleging they helped facilitate fraud involving NMC group companies.