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CIC issues show-cause notice to RBI Guv for non-disclosure of wilful defaulters' list

By IndianMandarins- 05 Nov 2018
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cic-issues-show-cause-notice-to-rbi-guv-for-non-disclosure-of-wilful-defaulters'-list

The Central Information Commission (CIC) has issued a show-cause notice to RBI Governor Urjit Patel for “dishonouring” a Supreme Court judgment on disclosure of wilful defaulters’ list.

 

The CIC has also asked the PMO, the Finance Ministry and the RBI to make public the letter of former RBI governor Raghuram Rajan on bad loans.

 

Irked over the denial of information on the disclosure of the names of wilful defaulters who have taken bank loans of Rs 50 crore and above by the RBI in spite of a SC’s order, the CIC has asked Patel to explain why a maximum penalty be not imposed on him for “dishonouring” the verdict which had upheld a decision taken by then Information Commissioner Shailesh Gandhi, calling for disclosure of names of wilful defaulters.

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