Rajasthan High Court has recently held that the powers of a CMM/DM under Section 14 of the SARFAESI Act are ministerial and do not allow adjudication of a dispute regarding the secured asset that.
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According to the bank, the merger will help create an institution with diversified public and institutional shareholders. The bank has a well-diversified loan book of Rs 1,60,599 crore, with a balance sheet size of Rs 2,39,942 crore, as on March 31, 2023