A.P.Bank Deposit Collectors ... vs State Bank Of India & Anr

The Supreme Court upheld the State Bank of India's decision to discontinue the Janata Deposit Scheme as per the Circular dated 4.6.2001, stating that the scheme was no longer economically viable and had contributed to frauds. The Court ruled that the discontinuation was not an arbitrary exercise of power, affirming the authority's discretion in policy decisions. Consequently, the writ petitions challenging the discontinuation were dismissed.