INDIA BANKING

ASSOCIATED PRESS

Why Is The RBI Giving Wilful Defaulters Such A Long Rope?

D K
Despite the Supreme Court's clear directives issued five months ago, the RBI has, of late, been adopting dilatory tactics on the matter of revealing the data on willful defaulters of bank loans. This is information that they were authorized to collect and disseminate to the general public as per a Parliamentary Mandate since March 1994. Here I systematically counter the RBI's excuses, thereby proving that it is misleading the Supreme Court, and, thereby, the whole nation, in this matter.