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Legal▼ Bearish for SBI
Can banks recover loans from life insurance payouts? Allahabad HC weighs in
The brief
- Allahabad High Court asked SBI to refund ₹17.29 lakh deducted from a widow’s account for her deceased husband’s loan
- The ruling may affect recovery practices and liability risks for SBI and other banks
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| SBIN | Thu, 24 Sept | −1.6% | +0.1% | 1.9× | −1.1% · Nifty −1.3% |
○ Classifier read this as negative; SBIN barely moved against the Nifty on the day it traded.
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