People in favour of disclosing these names generally take the view that it is important to “name and shame” the individuals and companies, especially wilful defaulters that are “subverting the banking system.” They ignore the fact that the banking system has been subverted not just by unethical promoters. Politicians who use PSU banks as their personal treasurers, a paternalistic RBI that has been slow to embrace depositors and taxpayers as equal – if not greater – stakeholders in the financial system and the banks themselves who have been ignoring their internal risk management systems, have done far more to damage the credibility of Indian finance than a few crooks. It can be argued that the Mallyas of the world would not have been able to thrive the way they have in a more robust system.