Telangana high court questions SBI over Rs 500 crore loan for Rs 200 crore project in Hyderabad
Telangana High Court questioned State Bank of India's lending practices, particularly a ₹500 crore loan for a ₹200 crore project to SEM India Fab. The court expressed concern over the bank's actions, suggesting potential fraud and urging a CBI investigation if no complaint was filed. This case highlights issues of public money misuse and companies defaulting on loans.
Telangana High Court questioned State Bank of India's lending practices, particularly a ₹500 crore loan for a ₹200 crore project to SEM India Fab. The court expressed concern over the bank's actions, suggesting potential fraud and urging a CBI investigation if no complaint was filed. This case highlights issues of public money misuse and companies defaulting on loans.
