Insiders said that there has been a subtle shift in stance on lateral hires during the tenure of the current chief executive Debadatta Chand who took over less than a year ago
Last year, the highest court had ruled that a borrower must be given a hearing before labelling the account as fraud . Now, CBI, which is probing many of these cases, insist that the SC verdict stands for all fraud accounts - new as well as old cases - but banks assert that the SC ruling cannot be given retrospective effect to cover borrowers listed as frauds before the ruling.
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