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Disclose Banks' Annual Inspection Reports Under RTI, Top Court Orders RBI

Disclose Banks' Annual Inspection Reports Under RTI, Top Court Orders RBI

The Supreme Court on Friday directed the Reserve Bank of India to disclose information about its annual inspection report of banks and the list of wilful defaulters under the Right to Information Act (RTI). Ordering the central bank to disclose the information unless exempted under law, the top court directed the Reserve Bank of India to withdraw its non-disclosure policy.

It also warned the RBI to rethink its stand on disclosures under the RTI Act. The Supreme Court also said the Reserve Bank of India's non-disclosure policy was violation of its judgment in 2015.

The top court gave a final chance to the central bank to reconsider its stand on disclosure of annual inspection reports of banks and other details sought by activists.

Any further violation of the judgements "will invite serious contempt", the Supreme Court said on the matter.

(With agency inputs)



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