Hear out, show proof to borrowers suspected of 'wilful default': Bombay High Court

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8 months ago

Bombay High Court's ruling alters banks' handling of wilful default cases. Evidence provision mandated, transparency increased. Concerns raised over borrowers challenging actions. RBI guidelines modification pending.

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Economic Times

Topics:

union bank of india

wilful default

High Court

evidence

RBI

Commercial bank

state bank of india

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