Mutual Fund

RTI confirms Rajan sent PM Modi list of bank defaulters in February 2015

Information disclosed in response to an RTI request made by The Wire has confirmed that former Reserve Bank of India governor Raghuram Rajan indeed notified Narendra Modi of the need to probe key defaulters as early as eight months into his prime ministerial tenure – advice that the government failed to act upon. At the time Rajan’s letter was made public, a section of the media had tried to suggest that the ‘PMO’ the former top banker was referring to was Manmohan Singh’s rather than Modi’s, since his term spanned both the UPA and NDA’s time in office. Putting all speculation to rest, the RBI has said in response to According to the RBI, Rajan sent this list not only to the PMO but to the officer of the finance minister Arun Jaitley.

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