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The Times of India

Top News / The Times of India

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No personal oral hearing needed before labelling bank accounts as fraud: SC

The Supreme Court ruled that banks are not required to provide personal oral hearings before classifying accounts as fraudulent. However, banks must furnish customers with a forensic audit report prior to such classification. This decision acknowledges the infeasibility of individual hearings given the significant rise in bank fraud cases.

7 Apr 2026 11:28 am