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Thursday, Jan 23, 2025

SC urges RBI to standardise title reports for property loans

SC has called on the RBI and other stakeholders to establish a standardised framework for preparing title clearance reports before sanctioning of loans
The Supreme Court further called for accountability within the banking sector, suggesting that the liability, including potential criminal action, of bank officers who approve loans based on defective title search reports must be determined.
The Supreme Court further called for accountability within the banking sector, suggesting that the liability, including potential criminal action, of bank officers who approve loans based on defective title search reports must be determined.

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