Jump to content
News Ticker
  • RTI query reveals banking frauds of ₹ 2.05 Trillion reported in the last 11 years
  • 509 per cent rise in cases under child labour law: Study
  • The Central Information Commission has allowed disclosure of file notings on the mercy petition of a rape and murder convict, rejecting the government's contention that the records cannot be disclosed as these are privileged documents under Article 74(2) of the Constitution.
  • Electoral bonds worth over ₹5,800 crore were bought by donors to fund political parties between March 1, 2018 and May 10, 2019, a Right to Information reply has said.
  • Don't pay 500/- for answer sheet now- Supreme Court says if Answer sheet is asked under RTI, RTI Fees will be governed

Higher CIC bench to decide disclosure of loan defaulters names

Recommended Posts


Higher CIC bench to decide disclosure of loan defaulters names



An issue of disclosing names and details of big bank loan defaulters will be decided by a larger bench of the Central Information Commission due to complexity of issues involved in making such names public.


NPAs or bad loans of PSU banks rose by 28.5 per cent from Rs 1.83 lakh crore in March 2013, to Rs 2.36 lakh crore in September 2013.


The case relates to a plea of activist Subhash Agrawal who sought disclosure of names of loan defaulters with outstanding of over Rs one crore with public sector banks.


After being denied information by Reserve Bank of India, Agrawal pleaded before Information Commissioner Manjula Parashar that the information should be provided because it is in larger public interest that defaulters of bank loans may be highlighted (and made to face embarrassment) by putting their names in public domain.


"Otherwise also RBI gets all such information from banks in its role as supervisory and controlling authority with no question of treating sought information as fiduciary in nature," Agrawal claimed before the Commission.


The RBI cited a high court stay order, without producing a copy, saying information cannot be disclosed. They also cited privacy clause of RTI Act which exempts disclosure of personal information.


Parashar said it appears that similar issues are under adjudication by the Delhi High Court and an interim stay against the decision of the Commission has been granted by the high court.


"There has been contradictory views expressed in the decisions of the Commission regarding application of exemption under section 8(1)(e) to the details regarding NPA accounts," Parashar said while ordering the case to be dealt by higher bench of the Commission.


Read More: Higher CIC bench to decide disclosure of loan defaulters names | Business Standard News

Share this post

Link to post
Share on other sites
akhilesh yadav


The Central Information Commission (CIC) and the Reserve Bank of India (RBI) are at loggerheads over the apex bank’s refusal to reveal the details of top defaulters’ list as per the RTI Act. On September 23, the CIC had decided to take up the matter to the larger bench, after the RBI declined to reveal the banking details citing privacy norms and various cases of debtors pending before courts.



Last year, the CIC had ordered the RBI to disclose the details of top defaulters to various banks under the RTI Act on a petition filed by Subhash Chandra Agrawal. But refusing to disclose the list, the RBI contended that apart from privacy norms, details of (NPA) Non-Performing Assets and defaulters details would hamper the attempts by banks to recover the money.



The RBI and other banks argued that as the customers and banks have entered fiduciary relationship, the privacy of bank account details can't be shared with third parties like the RTI applicant.


Read at: http://www.dailypioneer.com/nation/cic-rbi-at-loggerheads-over-list-of-top-defaulters.html

Share this post

Link to post
Share on other sites

  • Similar Content

    • Shrawan
      By Shrawan
      RBI sought exclusion from RTI: Govt. doesnot finance us!
      The Right to Information Act (RTI) covers all bodies owned, controlled or ‘substantially financed’ by the government. Which should be clear enough, but the Reserve Bank of India didn’t think so. It sought exclusion from the scanner, contending, “We do not come under the Act, as we are the sole financier of the government; the government does not finance us!”
      In response, the Central Information Commission has firmly put the Bank in its place by reminding it that RBI was constituted by an Act of Parliament and was therefore squarely within the law’s purview.
    • maneesh
      By maneesh
      The question was forwarded to me thourgh Private Message:
      Can RBI seek exemption under Section 8(1)(e) of RTI for information related with Cooperative Banks collected as part of their monitoring?


  • Create New...

Important Information

By using this site, you agree to our Terms of Use & Privacy Policy