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,

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Answered on 2/04/15, 8:10 pm


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