VERIFIEDMint Industry·16 Sept 2026negative

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

AI Summary

·Bank of Baroda sanctioned loans to NMC Group despite red flags.
·As of May 2020, Shetty and his companies owed Bank of Baroda ₹2,077 crore.
·This amount represented approximately one-third of the settlement Bank of Baroda paid.