Home Business Canara Bank refuses to share names of defaulters after bad loans worth...

Canara Bank refuses to share names of defaulters after bad loans worth Rs 1.29 lakh crore were written off

Bank disclosed loan loan figures but declined to disclose any other information

The public sector bank disclosed in an RTI reply that Canara Bank has written off bad loans worth Rs 1.29 lakh crore in the last 11 years. Money Life.

From FY 11-12 to FY 21-22, the bank accumulated a total bad debt of Rs 1,29,088 crore. It shared the information in response to an RTI filed by Pune-based activist Vivek Velankar.

The bank disclosed loan credit data but refused to disclose information about defaulters, citing a clause in the Right to Information (RTI) Act.

The Central Public Information Officer said, “The information sought is personal information of the borrowers, and its disclosure would constitute an unwarranted invasion of privacy and which is exempted from disclosure under section 8(1)(j) of the RTI Act.” ” (CPIO) of Canara Bank said in response to RTI.

Mr. Velankar, in himself Right to information, sought details of the total amount written off for those borrowers whose loans were more than Rs 100 crore. But, refusing to disclose the information, the bank replied that “the information sought is not maintained in the manner sought”, as per the report.

As per Section 8(1)(j) of the RTI Act, “Information which relates to personal information, the disclosure of which has nothing to do with any public activity or interest, or which causes an undue invasion of the privacy of a person “So long as the CPIO or the SPIO or the appellate authority is satisfied that the wider public interest justifies the disclosure of such information, it should be exempted from disclosure.”

In his other question, the worker asked the bank about the total amount written off by him for bad loans of Rs 1 crore or less. In response to this, the report said that Canara Bank shared information on the total outstanding amount of borrowers from FY 11-12 to FY 21-22.


Rupee rises 13 paise to 81.59 against dollar

<!-- -->The rupee appreciated 13 paise to 81.59 against the dollar in early trade.The rupee appreciated 3 paise to 81.59 against the US dollar...

Nifty rises 61.5 points to 18,679.55 in early trade

<!-- -->Indian stock indices were largely flat in the opening session. (File)Indian stock indices remained largely flat on Wednesday morning and remained at...

RBI set to launch retail digital rupee pilot: 10 points

<!-- -->However, retail digital rupees can be converted into deposits with banks earning interest. (file)New Delhi: Users can transact through digital wallets; ...


Please enter your comment!
Please enter your name here

Most Popular

The bloody game of TTP terrorists starts in Pakistan as soon as Aseem Munir arrives! Suicide blast in Quetta, two dead, 24 injured

Islamabad : The threat of Tehreek-e-Taliban Pakistan is once again hovering over Pakistan. The news is coming that there has been a bomb...

World in danger: Scientists in Russia resurrect 48,500-year-old zombie virus

Zombie Virus Revive: The world has not yet emerged from the havoc of Coronavirus that now the danger of...

“Forgive Me Shoaib”: Pakistan Star Recalls Andrew Flintoff’s Reply After Facing His Bouncers | cricket news

File photo of Shoaib Akhtar© YoutubeEngland will play their first Test match in Pakistan in 17 years when the first Test of a three-match...

Six Chinese astronauts gather for the first time in the space station

China Shenzhou-15: Three astronauts aboard a spacecraft arriving at China's under-construction space station today (November 30) met their three colleagues present there. With...

Recent Comments