CIC issues notice to RBI guv over bad loans

The CIC has issued a show-cause notice to RBI governor Urjit Patel, asking why penalty should not be imposed on him for "dishonouring" an apex court judgment. The SC had upheld a decision by former information commissioner Shailesh Gandhi, calling for disclosure of names of wilful defaulters who have taken bank loans of Rs 50 crore and above.

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