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Supreme court asked RBi to submit loan defaulters of above Rs.500 crore

India's apex court has ordered RBI to submit loan defaulters of Rs.500.00 crore and above list in sealed cover within 6 weeks of time.

The court has questioned about the process flow laid down for sanctioning such huge loans. ANd they also questioned how this much amount can be sanctioned without taking precautionary steps.

In this case the Supreme Court asked RBI to build a list within 6 weeks and to submit it.

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