Bank of Baroda settles NMC Health dispute for $600 million

Bank of Baroda settled a USD 600 million dispute tied to the NMC Health collapse at trial stage, dragging Q1 net profit down 72% to ₹1,278 Cr. Fintechs providing healthcare lending or insurance products should model tail-risk litigation costs; a single bad actor (e.g., overtreatment, fraud) can wipe out years of margin.

Source: ET BFSI ↗