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PSU Banks’ LOC Ruling: Bombay High Court Verdict on Banking Regulations
Bombay High Court Rules Against PSU Banks’ Power to Issue Look Out Circulars In a significant ruling, the Bombay High Court has recently decreed against the authority of Public Sector Undertaking (PSU) banks to issue Look Out Circulars (LOCs). The decision marks a pivotal moment in the realm of banking regulations, potentially reshaping the dynamics…