SC asks RBI to give List of Defaulters Exceeding 500cr.

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(Reserve Bank of India RBI) may ease norms for infrastructure funding www.ambitionias.com
  • The Supreme Court today directed the RBI to provide a list of companies, which had defaulted bank loans of over Rs. 500 crore. SC expressed serious concern over the rise in bad loans.
  • A bench headed by Chief Justice T.S. Thakur asked for the list of loan defaulters to be placed before it in a sealed cover within six weeks.
  • The bench also wanted to know how the state-owned banks and financial institutions were advancing large-scale loans without proper guidelines.
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