Breaking: Calcutta HC Directs RBI To Consider Steps Including Cancellation Of License Of Bank Of Baroda [Read Judgment]

In a major blow to the Bank of Baroda, the Calcutta High Court has asked the RBI to consider taking appropriate steps against the bank, including revocation of its license, for its disorderly conduct in dealing with payment against an unconditional bank guarantee. While disposing of a cross-objection filed by the Indian Oil Corporation (IOCL), the division bench comprising Justice...