A
lending institution can consider publishing the photographs of only those
borrowers, who have been declared as wilful defaulters as per RBI directives.
This shall not apply to the non-whole
time directors who are exempted from being considered as wilful defaulters except
under special circumstances.
Banks shall formulate a policy which
clearly sets out the criteria based on which the decision to publish the
photographs will be taken.
The lending institutions shall not publish
photographs of any other defaulting borrowers.
Based on RBI
notification dated 29/09/2016. For any further clarification please refer www.rbi.org.in
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