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RBI submits list of big defaulters to SC, but pleads to keep the names secret

Regulator cites adverse impact to business and employees as reasons, according to a report in The Times of India

BS Web Team  |  Mumbai 

A list of big defaulters, who failed to repay loans of over Rs 500 crore, was submitted to the Supreme Court by the Reserve Bank of India on Tuesday, a report in The Times of India said.  However, the banking regulator pleaded not to make the names public, citing adverse impact to business and affecting many employees, the report adds.  "Disclosing details of accounts where defaults have been found, irrespective of the reasons for no-repayment, may have adverse impact for business and in a way may accentuate the failure of business rather than nursing it back to ...

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First Published: Wed, March 30 2016. 08:37 IST
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