The Reserve Bank of India (RBI) serves as a central bank for India and has several functions, including regulating and supervising banks and financial institutions in the country. However, allegations have been made against the RBI by Congress in recent times, accusing the bank of assisting loan defaulters in India. Here are some notable points to consider:

• The Congress party has accused the RBI of working in the interest of corporates who have defaulted on loans and ignored the plight of farmers and small businesses who are struggling to survive.
• The RBI has been accused of being lenient towards defaulting companies and not taking stringent action to recover unpaid loans.
• It has been observed that some defaulting companies have been offered easy exit routes by the RBI in terms of one-time settlements, loan rescheduling, and restructuring.
• Congress has also accused the RBI of not publishing the names of wilful defaulters who owe large sums of money to Indian banks.
• The RBI maintains that it follows a transparent and accountable process in dealing with loan defaulters and that its actions follow a legal framework.

In summary, allegations have been made against the RBI by Congress for assisting loan defaulters in India. While the RBI refutes these claims and maintains that its actions are done within the legal framework, there are concerns about the level of support given to large corporates versus small businesses and individuals.