State Bank of India has filed an application before the Supreme Court seeking clarifications on the apex court's recent directive that banks hear defaulters before they classify a loan account as fraud.
In its plea filed on April 13, SBI has said: "On a purposeful reading of the judgment, this Court has not read any personal hearing. However, it is likely to be misconstrued and a spate of litigation is apprehended on this ground by those defaulters. Their default has substantially contributed to the weakening of the financial position of the banks, affecting the economy of the nation."
この記事は Business Standard の April 17, 2023 版に掲載されています。
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この記事は Business Standard の April 17, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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