29 June 2019
Despite Supreme Court’s reiteration, SBI declines to disclose list of Loan Defaulters under RTI Act
Advocate and Chartered Accountant Nipun Singhvi had sought from State Bank of India, the largest bank in India a list of wilful defaulters declared by it from 2015 to 2019 having default of more than Rs. 1 Crore. The bank denied the information stating that the same includes commercial confidence and is held in fiduciary capacity. The bank further stated that since the information is also related to a third party, it is exempted from disclosure under sections 8(1) (d) (e) & (j) of RTI Act, 2005. This was done by the bank despite the Supreme Court, in April in the matter titled Girish Mittal v Parvati V Sundaram giving RBI the ultimatum to disclose list of loan defaulters and withdraw its present disclosure policy.