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On March 27, the Supreme Court had ruled that borrowers have the right to be heard before banks classify their accounts as fraudulent

SBI seeks Supreme Court clarification on loan fraud classification

On March 27, the Supreme Court had ruled that borrowers have the right to be heard before banks classify their accounts as fraudulent

The State Bank of India has moved an application before the Supreme Court seeking clarifications on the apex court&rsquo;s recent directive that banks hear defaulters before they classify a loan account as fraud. On March 27, the Supreme Court had rejected SBI's appeal, upholding a Telangana HC order and ruled that it is reasonably practicable for banks to provide an opportunity for a hearing to borrowers before classifying their accounts as fraud.
SBI has also sought exemption from sharing complete details of the forensic audit report with borrowers under the &lsquo;personal hearing&rsquo;.&nbsp; The top court also ruled that borrowers must also be given an opportunity to understand the findings of forensic audit report of their loan accounts, and a final hearing opportunity before their accounts are classified as fraud under the RBI&rsquo;s Master Directions on fraud classification.&nbsp;

The country's largest lender, the&nbsp;State Bank of India (SBI) on Saturday&nbsp;announced Monsoon Dhamaka&nbsp;offer with a 100 per cent waiver on processing fees on home loans.
This is a significant reduction from the existing processing fees of 0.40 per cent. The Monsoon Dhamaka Offer is for a limited period ending on 31st August 2021.&nbsp; A home loan customer stands to gain substantially through this limited period offer.&nbsp;
SBI's home loan interest rates start at just 6.70 per cent, the lender said in a release.&nbsp;
The State Bank of India claims that it is offering the cheapest home loan in the entire banking system and that is the reason, SBI has massive 5 lakh crore home loan book.&nbsp;&nbsp;

Looking for home loan options? SBI waives off 100% processing fees till this date

The country's largest lender, the&nbsp;State Bank of India (SBI) on Saturday&nbsp;announced Monsoon Dhamaka&nbsp;offer with a 100 per cent waiver on processing fees on home loans.
&nbsp;

SBI&nbsp;wavies-off processing fees on homes loans till Aug 31&nbsp;
This is a significant reduction from existing processing fees of 0.40%
SBI&nbsp;claims&nbsp;the cheapest home loan and has&nbsp;5 lakh cr&nbsp;home loan book

<h3 class="biz-a-sum">As part of its bumper monsoon offer, the state bank of India will&nbsp;not charge any processing fee on home loan till a specified period </h3>

The country's largest lender, the&nbsp;State Bank of India (SBI) on Saturday&nbsp;announced Monsoon Dhamaka&nbsp;offer with a 100 per cent waiver on processing fees on home loans.
This is a significant reduction from the existing processing fees of 0.40 per cent. The Monsoon Dhamaka Offer is for a limited period ending on 31st August 2021.&nbsp; A home loan customer stands to gain substantially through this limited period offer.&nbsp;
SBI's home loan interest rates start at just 6.70 per cent, the lender said in a release.&nbsp;
The State Bank of India claims that it is offering the cheapest home loan in the entire banking system and that is the reason, SBI has massive 5 lakh crore home loan book.&nbsp;&nbsp;

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