RBI to disclose information under RTI Act

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Supreme Court bench headed by Justice L Nageswara Rao has directed the Reserve Bank of India (RBI) to disclose information related to its annual inspection report of banks under the Right to Information (RTI) Act until and unless they are exempted under law.

The bench has also directed the RBI to review its policy to disclose information relating to banks under RTI.The bench was hearing a contempt petition filed by RTI activists Subhash Chandra Agarwal and Girish Mittalagainst the Reserve Bank of India.

According to the petitioners, they had asked copies of RBI’s inspection reports of ICICI Bank, Axis Bank, HDFC Bank, and SBI between April 2011 and December 2015 but the central bank rejected to provide this information by stating that it is exempted under section 8(1)(e) of the RTI Act and section 45NB of the Reserve Bank of India Act, 1934.