Bank of Baroda shares fell 3 percent in early trade on Wednesday, emerging as the top loser on the Nifty 100 after NMC Healthcare founder BR Shetty reportedly filed a $15 billion damages lawsuit against the public sector lender and 25 other defendants in the Bombay High Court. The bank said it had not yet been served with the suit but would firmly defend itself against the allegations.
Bank of Baroda shares declined to Rs 231.30, compared with Tuesday's closing price of Rs 238.43. The stock has fallen 22.7 percent so far in 2026, underperforming the Nifty 50, which has declined 13 percent during the period. The bank's market capitalisation stood at approximately Rs 1.2 lakh crore.
The decline came amid a subdued opening for the broader market. At 9:18 am, the Sensex was down 51.72 points, or 0.07 percent, at 72,982.06, while the Nifty fell 33.30 points, or 0.15 percent, to 22,688.65. Market breadth remained positive, with 1,299 shares advancing against 1,148 declines.
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Shetty, the founder of NMC Healthcare and UAE Exchange, has reportedly filed a suit seeking $15 billion, or approximately Rs 1.44 lakh crore, in damages from Bank of Baroda and 25 other defendants, alleging that the lender and some of its officials facilitated fraudulent transactions involving his group companies.