SC lets manager off the hook, puts focus on Indian Bank in...

For more than three decades, a bank manager was made to answer for an alleged loss caused to Indian Bank by loans sanctioned in 1991-92. But when the Supreme Court finally acquitted him, it was the bank that found itself in the dock — over why it had kept more than ₹ 2.7 crore in excess auction proceeds with itself for years instead of handing the money over to the borrowers’ legal heirs.