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    QONEQT in News

    13-Oct-2022 10:36 AM


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    Canara Bank Refuses To Share Defaulters' Names After Writing Off Rs 1.29 Lakh Crore Bad Loans

    The bank revealed the debt loan figures but refused to disclose any other information Canara Bank has written off bad loans worth Rs 1.29 lakh crore in the past 11 years, the public sector bank revealed in an RTI reply, reported Money Life.

    The bank accumulated a total of Rs 1,29,088 crore worth of bad debt from FY11-12 to FY21-22.

    It shared the information in reply to an RTI filed by Pune-based activist Vivek Velankar.

    “Information sought is the personal information of the borrowers, and its disclosure would cause unwarranted invasion of the privacy of the concerned and which is exempted from disclosure under section 8(1)(j) of the RTI Act,” the central public information officer (CPIO) of Canara Bank stated in the RTI reply.

    Mr Velankar, in his RTI, sought details on the total amount written off for borrowers whose loans exceeded Rs 100 crore.
    Source: NDTV
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