New Delhi, March 28 -- Bank of America agreed to pay $72.5 million to settle a civil lawsuit brought by women who accused the bank of facilitating their sexual abuse by Jeffrey Epstein, court records showed on Friday.

Lawyers for the bank and the women had told Manhattan-based U.S. District Judge Jed Rakoff this month they had reached a "settlement in principle," but terms of the deal were not disclosed at the time.

"While we stand by our prior statements made in the filings in this case, including that Bank of America did not facilitate sex trafficking crimes, this resolution allows us to put this matter behind us and provides further closure for the plaintiffs," a spokesperson for Bank of America said in a statement.

In a joint court...