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Bombay HC Imposes 50K Cost on Bank for Deducting Pension Retrospectively - (25 Aug 2020)

BANKING

Bombay High Court has imposed a cost of Rs.50,000 on State Bank of India for deducting more than Rs.3 lakh from 85-year-old pensioner Naini Gopal's account after the bank concluded that an amount of Rs.872 per month was 'erroneously paid' in excess to the Petitioner from the October, 2007 due to technical error in the system.

Tags : BOMBAY HIGH COURT   DEDUCTION OF PENSION RETROSPECTIVELY  

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