Make list of defaulters public or face charge of contempt, SC tells RBI

The SC has directed RBI to disclose names of loan defaulters under the RTI Act and also asked it to make public the inspection reports containing critical assessment of functioning of banks and financial institutions. The bench held that RBI committed contempt of court, it, however, did not pass any punitive order and let the regulator off with a warning.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2UIYItJ