One of teh Inida's largest Public Sector Bank PSBs Canara Bank refused to share the information and the names of defaulters under the Right to Information (RTI) Act like other Public Sector Bank. A Pune based Right to Information activist Vivek Velankar shared the information that from FY12-13 to FY19-20, Canara Bank wrote off a total of Rs 47,310 crore and has recovered just 19% equals to Rs 8,901 crore from defaulters.
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The Canara Bank used simple reasons of privacy to share names of big defaulters with a bad loan of Rs 100 crore and above. The bank replied to the RTI as "Information sought is the personal information of the concerned and if disclosed would invade the privacy of those concerned and its disclosure does not have any relationship with public interest or activity and is exempted under section 8(1)(j) of the RTI Act."
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However, on contrary to banks statement when a common man defaults his loan, the same banks publish his name and all details through advertisements in newspapers. People asks why does the privacy not apply to common man? why do bank wants to keep big defaulters name under the privacy cause?. The exemption of RTI act is applicable only for individual and not for institute or company or an organization.
