, ,

To an RTI enquiry, the Reserve Bank of India is stated to have replied that it has no list of wilful defaulters of bank loans! This is surprising and shocking. Another report states that the RBI is not willing to disclose the names of the defaulters and even the default amounts.

This position is completely unacceptable. It seems that the above decision is influenced by the policy of the government supporting the big business and corporates, the involvement of VVIPs in granting loans without sufficient security and also involvement of the top Bank Management.

Strong protests should come and compel the RBI to change its stand. The wilful defaulters should be exposed and the due amounts paid back.