Tarring all defaulters and bankers with the same brush will choke the flow of funds to business, scare bankers and kill entrepreneurship
India’s apex court is in favour of making public the names of bank defaulters but the country’s central bank does not support the idea. The Reserve Bank of India (RBI) has submitted a defaulters’ list to the Supreme Court and requested it not to reveal the names to the public, citing confidentiality. A Supreme Court bench, consisting of chief justice T.S. Thakur and Justice R. Banumathi, is examining whether the identities of those involved in trillions of rupees of default could be disclosed and the issues that had led to the defaults be debated.
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