BENGALURU: The Karnataka High Court directed a nationalised bank not to recover over 50% of an employee’s pension towards his ...
Bengaluru: Coming to the rescue of a retired bank employee, Karnataka high court recently directed Canara Bank not to debit ...
High Court of Karnataka criticizes public bank for deducting entire pension, rules only 50% can be taken for loan.
However, starting in July 2024, Canara Bank began deducting ... employees still in service, loan recoveries typically do not exceed 50 per cent of their take-home salary. He maintained that ...
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The Court highlighted that bank regulations do not allow the full recovery of pension from retired staff for loan defaults.
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