Ex-HDFC and ICICI Bank employee denied job by SBI for negative CIBIL score on loans taken for younger brother; loses legal challenge in court

An ex-banker's job offer from State Bank of India was rescinded due to a low CIBIL score stemming from defaulted loans taken for supporting his brother's business. The Madras High Court upheld SBI's decision, emphasizing the importance of financial discipline for bank employees handling public funds. This ruling underscores the significance of maintaining a good credit history for aspiring banking professionals. Read more.