Industry Reports

Bank of Baroda saw BR Shetty's NMC Group red flags. Yet it sanctioned more loans

Wednesday, September 16, 2026 - 21:01
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Bank of Baroda saw BR Shetty's NMC Group red flags. Yet it sanctioned more loans
The court documents showed that Shetty and his companies owed Bank of Baroda ₹2,077 crore as of May 2020, which was about a third of the settlement amount the lender paid.

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