Why isn't govt asking RBI to reveal information about defaulters and banks' inspections: Cong

The Congress Sunday asked why the central government was not giving a one-line directive to the RBI to disclose information about annual inspection report of banks and list of wilful loan defaulters.

The party's remarks came after the Supreme Court on Friday gave the banking regulator "a last opportunity" to reveal these details under the RTI Act.

"Under Banking Regulation Act and RBI Act, it takes Government of India 15 seconds to direct the RBI to disclose... There are specific provisions of 35A, 35B and 35AA (of Banking Regulation Act) that gives this power to the central government...Why is the government not giving a one-line simple directive to disclose," asked Congress spokesperson Abhishek Many Singhvi.

Addressing a press conference here, he said, "The Supreme Court directed in 2015 that you must disclose. After that for four long years, the RBI under the direction of this government, clearly wanting to hide things, has procrastinated, has obstructed and has derailed, has avoided, and has given excuses."
About wilful defaulters who are on the internal RBI list, he said, "Nobody is asking for them to be sent to jail. We are only asking for names...We (Congress) are not afraid of it, so why are you afraid?"
On Saturday, the prime minister had said at a speech in Uttar Pradesh,"Mayawatiji, I am most backward...I request with folded hands not to drag me in the caste politics, 130 crore people are my family."