Reserve Bank of India refuses to divulge list of loan defaulters
The Reserve Bank of India has refused to disclose in public the list of loan defaulters with public sector banks despite an Supreme Court order in 2015 to make this information public. The case relates to an RTI application filed by Subhash Agrawal who had sought to know the list of people who had defaulted in the loan of Rs one crore and above.
According to the government, the gross NPA of the public sector banks stood at Rs 6.06 lakh crore as on December 31, 2016. The RBI had denied the information citing the clauses of economic interests of the state, the commercial confidence and the information held in fiduciary capacity.