Setback for Bank of Baroda: Supreme Court allows RBI regulatory action - CNBCTV18 24-Jun-2020

Setback for Bank of Baroda: Supreme Court allows RBI regulatory action - CNBCTV18


In what comes as a setback for Bank of Baroda (BoB), the Supreme Court allowed the Reserve Bank of India (RBI) to take “necessary” action against the Bank for failing to meet its commitments, on the invocation of a bank guarantee. The Supreme Court dismissed …

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