Reserve Bank shocks; Lending order list

Reserve Bank shocks; Lending order list

The Supreme Court on Friday ordered the Reserve Bank to expose both the accounts by issuing a preliminary inquiry report and the Reserve Bank notifying the list of debt defaulters. Therefore, the financial position of the banks and the way in which the debtors of the country are open to all the information is open.

The Supreme Court on Friday ordered the Reserve Bank to expose both the accounts by issuing a preliminary inquiry report and the Reserve Bank notifying the list of debt defaulters. Therefore, the financial position of the banks and the way in which the debtors of the country are open to all the information is open.

In January, the court ordered the submission of the report by the Reserve Bank rejecting the rights of the rights activist’s application. Although the court did not enforce its order, the court had deferred the notice. In the hearing on Friday, the court said, “This is the last opportunity and will be taken into serious note if the order is violated.” Under the Right to Information Act, instructions should also be taken to review the policy of providing information regarding banks. L. Nageshwar Rao said. Earlier, the Supreme Court and Central Information Commission had also given the verdict that it would have to submit the information mentioned in the Right to Information Act to the Reserve Bank.

Information Rights activist S. C. Agarwal filed an application with the Reserve Bank, seeking a copy of the investigation report from April 2011 to December 2015 of ICICI Bank, Axis Bank, HDF and State Bank of India. Every year RBI monitors internal monitoring of the financial condition of all the banks in the country. This shows the financial status of concerned banks. However, the application was rejected by the Reserve Bank after rejecting this information. According to the Right to Information Act, the court agreed that the information can not be denied to the Reserve Bank.

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