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SC tells RBI to make bank inspection reports public: Will banks now plead to reverse order?

Updated : April 29, 2019 07:16 AM IST

RBI inspection reports to banks normally give estimates of how much the bank’s capital has been eroded, the assessed value of NPAs (non-performing assets) and extent of under provisioning, all of which can be disruptive and lead to a run especially on weak private banks.
It may be too late for RBI to file a review. But it is possible that banks and/or borrowers approach the court asking it to restrain RBI from making inspection reports public since it can be commercially damaging.
Veteran RBI officials point out that inspections reports aren’t made public in any country.  They worry that parts of the report may be quoted in the media out of context which can disrupt banks and businesses.
SC tells RBI to make bank inspection reports public: Will banks now plead to reverse order?

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