.........Strange as it may sound, but two state-run lenders, State Bank of India (SBI) and Central Bank of India (CBI) had created a new record of bouncing a demand draft (DD). In this particular case, both these banks returned the DD drawn by CBI saying, “Instrument is cancelled”..................
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1 comment:
Interesting episode and interesting comments.Let us await SBI’s response to Moneylife mail. The copies of two documents here indicate that the DD was issued, presented and returned with reasons for rejection on the same day, April 23, 2013.First two events can happen same day as Pune is just 3 hours far from Mumbai. But...all the three/four events happening in one day...some links are missing...
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