MONEY
Top banks appeal to CIC against RBI’s orders to disclose details of NPAs, wilful defaulters
- IBJ Bureau
- Jan 12, 2026
Four major banks – Bank of Baroda (BoB), RBL Bank, Yes Bank and State Bank of India (SBI) – have approached the Chief Information Commissioner (CIC), objecting to disclosure of information, such as the list of defaulters and non-performing assets (NPAs), penalties and inspection reports. The banks’ appeal to CIC follows the Reserve Bank of India’s direction to lenders to disclose the information under the Right To Information (RTI) Act, terming the records as “liable to be disclosed”.
RTI applicants Dheeraj Mishra, Vathiraj, Girish Mittal and Radha Raman Tiwari had filed separate applications with the RBI, seeking information, such as the top-100 NPAs, wilful defaulters of Yes Bank, the inspection report of SBI and RBL and documents relating to a Rs 4.34-crore monetary penalty imposed, following statutory inspection findings from BoB, among others.
These banks have appealed before the CIC, after the bankers’ bank found that the information sought by RTI applicants could be disclosed under the provisions of the RTI Act.
The banks have claimed that disclosing regulatory information would harm their commercial interests.
All the lenders’ cases have been referred to the CIC for consideration by a larger bench, with disclosure stayed till final decisions are issued.
The outcome of these proceedings is expected to have a far-reaching impact on banking transparency, depositors’ rights and regulatory accountability, particularly at a time when public scrutiny of NPAs, penalties and supervisory lapses remains intense.
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