Former Reserve Bank of India (RBI) governor Raghuram Rajan, in an exclusive interview with
CNBC-TV18 on Tuesday, said that the letter sent to the Prime Minister Office by him in 2015 was of frauds and not of wilful defaulters.
"The list to PMO was of frauds (different from wilful defaulters)," Rajan said.
The comment came after the Central Information Commission (CIC) recently asked the PMO, the finance ministry and the central bank to make public the letter sent by Rajan to PMO during his tenure as the RBI governor. The CIC also asked the authorities to disclose the actions taken as a follow up to the letter.
"I am not aware of what progress has been made on that," he said.
In its order, the CIC also issued a show-cause notice to RBI governor Urjit Patel for "dishonouring" a Supreme Court judgment on disclosure of wilful defaulters' list.
Irked over the denial of information on the disclosure of the names of wilful defaulters who have taken bank loans of Rs 50 crore and above by the RBI in spite of a Supreme Court order, the CIC has asked Patel to explain why a maximum penalty be not imposed on him.
"If the banking regulatory like RBI will not honour the Constitutional Institution's directions, what will be the effect of Constitution on securing Rule of Law? RBI is liable to provide information regarding inspection report and other documents to the general public," asked the CIC.
Patel, speaking on September 20 at the Central Vigilance Commission (CVC), had said the guidelines on vigilance, issued by the CVC, were aimed at achieving greater transparency, promoting a culture of honesty and probity in public life and improving the overall vigilance administration in the organisations within its purview, the CIC pointed out.
The order comes amidst growing rift between the centre and the central bank over disagreements in several issues including easing liquidity and promoting credit offtake. A parliamentary report released in August said the Non Performing Assets (NPAs) went up by Rs 6.2 lakh crore, between March 2015 to March 2018.
(With inputs from PTI)