Bank of Baroda shares fell more than 4 per cent on Thursday after the state-run lender informed the exchanges that it had entered into an out-of-court settlement with the joint administrators of NMC Health PLC, NMC Healthcare Ltd and NMC Holding Ltd. The settlement, involving a payment of $600 million, or about ₹5,700 crore, was made through the bank’s Abu Dhabi branch.
Shares Drop After Settlement Disclosure
As of 3 pm, Bank of Baroda shares were trading 4.14 per cent lower at ₹260.40 on the National Stock Exchange. The stock was the top loser among the constituents of the Nifty Bank index, which was up 0.22 per cent at the time. The broader Nifty 50 index was trading 0.43 per cent higher.
Registration Begins for FutureCrime Summit 2026, India’s Largest Cybercrime Conference
In its exchange filing, Bank of Baroda said the payment had been made as part of the settlement in the case. The proceedings involved ADGM and UK insolvency law, as well as UAE civil law, in relation to NMC Health PLC, NMC Holding Ltd and NMC Healthcare Ltd.
Claims Resolved Without Admission Of Liability
The trial in the ADGM proceedings had commenced on March 23, 2026. The English proceedings were stayed pending the outcome of the ADGM proceedings.
According to the filing, NMC Health PLC, NMC Healthcare Ltd, NMC Holding Ltd and their respective joint administrators resolved the claims between them and Bank of Baroda in consideration of, among other things, the payment of $600 million under a settlement agreement.
The bank said all claims and causes of action between the parties had been resolved without any admission of liability or wrongdoing. It also stated that its liability in the proceedings was limited to the settlement amount.
Bank Reports Growth In Global Business
Bank of Baroda said the ADGM proceedings had been discontinued pursuant to the settlement agreement, while the English proceedings were in the process of being discontinued. The lender said the settlement would bring the disputes to a close and help avoid prolonged litigation, uncertainty and associated costs.
In a separate update, Bank of Baroda said its global business grew 15.46 per cent year-on-year to ₹30.51 trillion as of June 30, 2026. Global advances rose 17.42 per cent year-on-year to ₹14.17 trillion, while deposits increased 13.81 per cent year-on-year to ₹16.34 trillion.
About the author — Suvedita Nath is a science student with a growing interest in cybercrime and digital safety. She writes on online activity, cyber threats, and technology-driven risks. Her work focuses on clarity, accuracy, and public awareness.
