For Quick Alerts
Subscribe Now  
For Quick Alerts
For Daily Alerts

Supreme Court Warns RBI For Not Disclosing Information Under RTI Act


On Tuesday, the Supreme Court warned the RBI of contempt proceedings for non-disclosure of annual inspection reports (AIR) of banks under the Right to Information (RTI) Act.

A bench comprising justices L N Rao and M R Shah has given the central bank a week's time to comply with the directions and warned that it will initiate contempt proceedings if it fails to disclose the information on various banks. The matter will be heard on 2 April.

Supreme Court Warns RBI For Not Disclosing Information Under RTI Act

The bench was hearing as many as three petitions filed by parties, including RTI activist Subhash Chandra Agrawal, alleging non-compliance of the law by the Reserve Bank of India (RBI).

In January, a notice was issued by the apex court to RBI on a contempt petition that alleged that the central bank had failed to provide information on the inspection conducted on several banks involved in irregularities in Sahara Group. The petitioners alleged that RBI had denied the disclosure of the AIR on ICICI Bank, HDFC Bank, SBI and Axis Bank despite court orders.

Earlier, the court and Central Information Commission had held that the RBI cannot refuse inspection reports in the public domain under the transparency law.

Read more about: rbi
Story first published: Wednesday, March 27, 2019, 11:00 [IST]
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more