Publishing of photographs of Wilful defaulters - ಆರ್ಬಿಐ - Reserve Bank of India
Publishing of photographs of Wilful defaulters
RBI/2016-17/71 September 29, 2016 The Chairmen / Chief Executive Officers of Dear Sir/Madam Publishing of photographs of Wilful defaulters Please refer to our Master Circular on Wilful Defaulters DBR.CID.BC.No.22/20.16.003/2015-16 dated July 1, 2015 inter alia outlining the penal measures that should be taken by lending institutions against the borrowers declared as wilful defaulters. 2. In this context, it has been observed that some lending institutions have been publishing the photographs of defaulters/ guarantors in newspapers. In view of the sensitivity involved and need to prevent the publishing of photographs of defaulting borrower/ guarantor in an indiscriminate manner, it has been decided as under:
3. The lending institutions shall not publish photographs of any other defaulting borrowers. Yours faithfully, (Rajinder Kumar) |