The Supreme Court on Friday directed the Reserve Bank of India (RBI) to uncover data relating to its yearly examination report of banks under the Right to Information (RTI) Act except if they are exempted under law.
SC directs RBI to disclose information on bank inspection report
A bench headed by Justice L Nageswara Rao also guided the government bank to audit its approach to reveal data identifying with banks under RTI, saying “it is duty bound under the law”.
The bench, which did not proceed with disdain procedures against the RBI, clarified that it was giving the last chance to it to conform to comply of the transparency law.
The bench said it would have taken a genuine view to the refusal of RBI to part with data under RTI.
“Any further violation shall be viewed seriously,” the bench said.
In January this year, the top court had issued scorn notice to RBI for not revealing the yearly review report of banks under RTI.
Prior, the supreme court and the Central Information Commission, both had held that the RBI can’t deny data to a data searcher under the transparency law except if the material is exempted from divulgence under the law.
The RBI, with all due respect, had said that it can’t reveal data as the yearly investigation report of the bank contained “fiduciary” data as characterized under the transparency law.
The bench was hearing a hatred appeal documented by RTI extremist S C Agrawal against the RBI.