Four banks move CIC against RBI nod to disclose NPAs, defaulters’ list under RTI

Four large banks — Bank of Baroda, RBL Bank, Yes Bank and State Bank of India — person approached the CIC objecting to the disclosure of accusation specified arsenic the database of defaulters and NPA, penalties and inspection reports, adjacent arsenic the RBI termed the records “liable to beryllium disclosed” nether the RTI Act.

RTI applicants Dheeraj Mishra, Vathiraj, Girish Mittal and Radha Raman Tiwari had filed abstracted applications with the RBI, seeking information, specified arsenic the apical 100 NPAs, willful defaulters of Yes Bank, the inspection study of the SBI and RBL, and documents relating to a ₹4.34 crore monetary punishment imposed pursuing statutory inspection findings from the Bank of Baroda, respectively, among others.

These banks appealed earlier the Central Information Commission, aft the RBI recovered that the accusation sought by applicants could beryllium disclosed nether the provisions of the RTI Act. Information Commissioner Khushwant Singh Sethi referred the substance to a larger seat of the CIC to adjudicate connected the issues raised by the banks. The banks claimed that disclosing regulatory accusation would harm their commercialized interests.