Lawstreet Journal

SC seeks response of Centre, RBI on plea of PNB against disclosure of info under RTI

Lawstreet Journal 8 Jul 2021 10:26pm

Image courtesy: Lawstreet Journal Judiciary SC seeks response of Centre, RBI on plea of PNB against disclosure of info under RTI

The Supreme Court has refused to grant interim stay on the RBI's notice asking Punjab National Bank to disclose information such as the defaulters list and its inspection reports under the RTI Act 2005, and sought responses from the Centre, Federal Bank and its central public information officer.

The apex court tagged the plea of the Punjab National Bank (PNB), which is a public sector unit bank, with a similar pending case filed by HDFC Bank against the RBI's direction.

"Issue notice. Tag with writ petition (Civil) No.1159 of 2019 (HDFC plea)," a bench comprising justices S Abdul Nazeer and Krishna Murari said, and fixed the plea for hearing on July 19th 2021. Banks are aggrieved by the notices issued by the RBI to them under Section 11(1) of the Right to Information (RTI) Act 2005, asking them to part with information pertaining to their inspection reports and risk assessment.

The RTI Act 2005 empowers the RBI's central public information officer (CPIO) to seek information from banks for information seekers. Earlier on April 28th 2021, the top court, on legal grounds, had refused to recall its famous 2015 judgment in the Jayantilal N Mistry case, which had held that the RBI will have to provide information about banks and financial institutions (FIs) regulated by it under the transparency law.

Several FIs and banks, including Canara Bank, Bank of Baroda, UCO Bank and Kotak Mahindra Bank had filed applications in the top court seeking a recall of the 2015 judgment… Continue Reading...

Tagged: Reserve Bank of India   Punjab National Bank  
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