14-Oct-2026 12:07:55
Bank of Baroda shares fall 3% after BR Shetty files $15 billion suit; bank says it has not been served
Bank of Baroda shares fell as much as 3% on October 14, after NMC Healthcare founder BR Shetty filed a $15 billion damages suit in the Bombay High Court against the lender and 25 others. Shetty alleges bank officers facilitated fund diversion, ignored money-laundering alerts and accepted forged personal guarantees. Bank of Baroda said it had not been served and could not comment on pleadings untested in court; it said it would defend itself if served. The bank cited nearly ₹2,800 crore in dues it is pursuing from Shetty.