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The Central Information Commission(CIC) has directed the Reserve Bank of India to disclose the list of big loan defaulters it had sent to banks for resolution.
The CIC’s directive came on a plea who had based her RTI application on some reports that RBI Deputy Governor had said that accounts of some loan defaulters have been sent to banks for resolution.
However,RBI had refused to provide the details to her by calling them confidential information following which she approached the CIC.
The Central Information Commission (CIC) is an 11 member commission set up under the Right to Information Act,2005 as a quasi judicial body. It is the highest appeal body available to applicants seeking information under the RTI Act.
Right to information act, 2005 provides for timely disclosure of information by citizens from both central and State Public Authorities. The act seeks to empower citizens and promote accountability and transparency.
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