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Cooperative banks exempted from Sarfaesi Act, announces Kerala CM Pinarayi

CM Pinarayi Vijayan has announced that the cooperative banks in the state will be exempted from the provisions of the RBI’s Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (Sarfaesi) that allows banks to attach properties of defaulters due to farmers distress on the ongoing issue in Kerala. (The News Minute)

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