SC to RBI: Submit list of defaulters above Rs 500 crore

rbiThe Supreme Court on Tuesday directed the Reserve Bank of India (RBI) to furnish within six weeks details of all defaulters who have more than Rs 500 crore in outstanding dues. The list should be across public sector banks and all financial institutions, the apex court said.

Further, the central bank should also include details of restructured assets and names of institutions whose bad debts have been written off in the last five years, with an affidavit, the apex court directed.

The list will be submitted in a sealed envelope after defence lawyers said it would otherwise flout company confidentiality.

Medaram Jathara

Connect with us

© 2012 - 2016 VIL Media Pvt Ltd. All rights reserved,
Contents of are copyright protected.Copy and/or reproduction and/or re-use of contents or any part thereof,
without consent of VIL Media is illegal.Such persons will be prosecuted.