..........The action was taken when the NABARD was holding hearing on financial matters and slow recovery. The court heard both petitioner and the government and sought report from the RBI on the charges and legal dispute. The RBI found that ” Most of the deficiencies pointed in the show cause- notice relate to systems and procedures and are general in nature which does not provide strong ground for supersession of the board of directors of Panna, DCCB.”.....
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