<h1>Banks Criticized for Declaring Accounts Fraudulent Without Following RBI Guidelines; Court Urges RBI Action</h1> The Bombay High Court criticized banks for issuing 'cut, copy, paste' orders declaring accounts as fraudulent without adhering to Reserve Bank of India (RBI) guidelines. The court addressed a petition by an industrialist challenging Union Bank of India's decision to label his account as fraud without a hearing or providing supporting documents. The court urged the RBI to implement mechanisms to prevent such practices and advised the industrialist to file a complaint with the RBI. The Union Bank of India was instructed to respond to the petition, with the next hearing scheduled for March 13.