Supreme Court refuses to stay RBI notices to bank under RTI to disclose information

On Friday the Supreme Court of India said no to the prayers made with the aid of using Punjab National Bank and Union Bank of India to wait the RTI notices issued to them with the aid of using the Reserve Bank of India to reveal records associated with defaulters list, inspection review etc.

However, a division bench made up of Judges S. Abdul Nazeer and Krishna Murari issued a notice of the auto petitions filed by the banks, along with similar petitions previously issued by the State Bank of India and private banks HDFC Bank, Axis Bank, ICICI and Yes Bank were submitted. The bank has also refused to grant these banks interim measure.

On July 19, the case will be measured.

Banks are soliciting the notices from the Reserve Bank of India under sec 11 (1) of the Right to Information Act regarding inspection reports/ Risk Assessment Reports for years FY1718 and FY1819.

Section11 authorizes the Central Public Information Officer to search for information from third parties in the case of FTI inquiries. Section 11 (1) is an advance notice in which third parties are requested to object to such disclosure.

In April 2019, Judges Nageswara Rao and M.R. Shah ordered the Reserve Bank of India to revoke its disclosure policy because it allowed exceptions that violate the Supreme Court ruling (Girish Mittal v. Parvati V. Sundaram and Anr.)- RBI violations against your address will be taken seriously.

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