The Supreme Court has instructed the banks to follow the instructions of the RBI in this matter. The Supreme Court has given this decision in a case related to State Bank of India.
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Banks will no longer be able to declare any borrower as a fraud arbitrarily. on Monday Supreme Court Has said in its decision that before declaring any borrower as a fraud on behalf of the banks, his side will have to be heard. The Supreme Court has instructed the banks to follow the instructions of the RBI in this matter. The Supreme Court has given this decision in a case related to State Bank of India.
