RBI defies Supreme Court order, refuses to disclose list of loan defaulters: In 2015, court stated that RBI is supposed to make this information public.
According to the government, gross non-performing assets (NPA) of the public sector banks stood at Rs 6.06 lakh crore as on December 31, 2016.
RBI had denied information citing clauses of economic interests of the state, the commercial confidence and information held in fiduciary capacity.
It had also cited the provisions of Section 45-E of the RBI Act, 1934 which prohibits disclosure of credit information.
On December 16, 2015 the apex court had clearly rejected these arguments of the RBI, in a matter filed by another RTI applicant, and ordered disclosure of defaulters' list, upholding a Central Information Commission (CIC) order.
Still, the Bankers' Bank cited same arguments to deny information to Agrawal, who escalated the matter to the CIC.
P.T.I.-Business Standard:- May 23, 2017.
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