Contempt SBI personnel get punishment, Petition filed in supreme court


Contempt proceedings are initiated and punished against State Bank personnel and others who violate the guidelines given in the Supreme Court's September 3, 2020, Loan Moratorium case. A petition seeking this has been given in the Supreme Court.

The apex court had stated on September 3 that as per the August 31, 2020 notification, accounts cannot be declared submerged debt (NPA) without further notice. Despite this, SBI and others declared the accounts NPA in cases of loan moratorium.