Bombay High Court temporarily stops Canara Bank's fraudulent classification of Anil Ambani's loan.

The Bombay High Court has temporarily halted Canara Bank's classification of Anil Ambani's loan account, linked to Reliance Communications, as fraudulent. The court noted the bank's action may violate Reserve Bank of India guidelines and Supreme Court rulings. It has asked Canara Bank to respond to Ambani's plea and requested the RBI to clarify if it will take action against banks defying its rules.

2 months ago
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