Business
Standard: New Delhi: Monday, 29 September 2014.
An issue of
disclosing names and details of big bank loan defaulters will be decided by a
larger bench of the Central Information Commission due to complexity of issues
involved in making such names public.
NPAs or bad
loans of PSU banks rose by 28.5 per cent from Rs 1.83 lakh crore in March 2013,
to Rs 2.36 lakh crore in September 2013.
The case
relates to a plea of activist Subhash Agrawal who sought disclosure of names of
loan defaulters with outstanding of over Rs one crore with public sector banks.
After being
denied information by Reserve Bank of India, Agrawal pleaded before Information
Commissioner Manjula Parashar that the information should be provided because
it is in larger public interest that defaulters of bank loans may be
highlighted (and made to face embarrassment) by putting their names in public
domain.
"Otherwise
also RBI gets all such information from banks in its role as supervisory and
controlling authority with no question of treating sought information as
fiduciary in nature," Agrawal claimed before the Commission.
The RBI cited
a high court stay order, without producing a copy, saying information cannot be
disclosed. They also cited privacy clause of RTI Act which exempts disclosure
of personal information.
Parashar said
it appears that similar issues are under adjudication by the Delhi High Court
and an interim stay against the decision of the Commission has been granted by
the high court.
"There
has been contradictory views expressed in the decisions of the Commission
regarding application of exemption under section 8(1)(e) to the details
regarding NPA accounts," Parashar said while ordering the case to be dealt
by higher bench of the Commission.