Security release by document handing to client

vibha (banker) (45 Points)

26 May 2015  

urgent help required- we have granted bank finance under consortium. leader is SBI. Now SBI is being replaces and banking system changed to multiple banking. documents were with SBI for consortium. query is- if SBI hands over documents to borrower, in place of other consortium lender (limits are o/s), whether handing over documents to client amount as release of security for other lenders.

 

Pls. guide.