Banks Oppose RBI's Disclosure of NPA, Inspection Data Before Central Information Commission
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3 SourcesNew Delhi, India
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Banks Oppose RBI's Disclosure of NPA, Inspection Data Before Central Information Commission

Four major banks, including SBI and Yes Bank, are opposing the Reserve Bank of India's (RBI) stance on disclosing Non-Performing Asset (NPA) lists, defaulter information, and inspection reports under the Right to Information (RTI) Act. The banks have appealed to the Central Information Commission (CIC), which has referred the matter to a larger bench for adjudication. The RBI considers the records disclosable, while the banks object. The outcome is anticipated to impact banking transparency and regulatory accountability.

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