BoB stock tanks 3.5% as NMC founder Shetty sues bank for $15 bn
Mr. Shetty has accused the Bank and 25 others of acting as an instrument in the siphoning of funds that led to the collapse of his business empire. Bank said it will defend the suit firmly and take all steps necessary to protect its interests.
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Senior correspondents and sector observers have noted significant developments stemming from this notification. Updates will continue as further statements are released.
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