SBI, Andhra Bank, Union Bank told to follow RBI guidelines
Reserve Bank of India in providing loans to farmers under the scheme of farmers for debt swapping of their private lenders.
Hyderabad: The Hyderabad High Court on Tuesday directed the State Bank of India, Andhra Bank and the Union Bank of India to scrupulously follow the guidelines issued by the Reserve Bank of India in providing loans to farmers under the scheme of farmers for debt swapping of their private lenders.
A division bench while dealing with a PIL by Pakala Srihari Rao said that the farmers can approach the district and mandal legal service authorities in case the banks refused to sanction loans as per the RBI guidelines.
The Hyderabad High Court on Tuesday directed the State Bank of India, Andhra Bank and the Union Bank of India to scrupulously follow the guidelines issued by the Reserve Bank of India in providing loans to farmers under the scheme of farmers for debt swapping of their private lenders. A division bench while dealing with a PIL by Pakala Srihari Rao said that the farmers can approach the district and mandal legal service authorities in case the banks refused to sanction loans as per the RBI guidelines.