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CBI, banks differ over fair hearing to ‘old’ cases of ‘fraud’

By Economic Times - 2 months ago
CBI is reportedly insisting on what could be a retrospective application of last year’s SC ruling that a borrower must be given a hearing before the account is classified as ‘fraud’ and a “reasoned order” must follow if such an action is taken. But bankers are unwilling to go back to these past matters.

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