Legal Question in Banking Law in India
does a public sector bank own a private enterprise that has taken a loan from such a bank till the loan is repaid?
Asked on 2/04/15, 8:30 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
05.02.2015
Dear Sir / Madam,
No, since the Board and Management of the two entities differ, a public sector bank does not own a private enterprise to whom the bank has granted a loan (whether secured or unsecured) till the loan is repaid.
Regards,
Answered on 2/04/15, 8:10 pm
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