Punjab National Bank and union bank of india’s request got cancelled by supreme court

Reserve Bank of India issued a RTI notice to Punjab National Bank and Union Bank of India to disclose information related to defaulters list, inspection reports etc but on friday supreme court refused the request made by Punjab National Bank and Union Bank of India to stay the RTI notices.

The RTI notices issued following the April 28 order of the Supreme Court refusing to recall the 2015 judgment in the case Reserve Bank of India v Jayantilal N. Mistry which had held that the RBI was obliged to disclose defaulters list, inspection reports, annual statements etc., related to banks under the RTI Act. A bench comprising Justices L Nageswara Rao and Vineet Saran had dismissed the banks applications that the Supreme Court Rules did not have any provision for filing any application for recall of a judgment.

A division bench of Justices S Abdul Nazeer and Krishna Murari had refused interim reliefs of the banks and posted them along with similar petitions earlier filed by the State Bank of India and private banks HDFC Bank, Axis Bank, ICICI Bank and Yes Bank. The banks are challenging the notices issued by the Reserve Bank of India to them under Section 11(1) of the Right to Information Act as regards the inspection reports/ risk assessment reports for the years FY17-18 and FY18-19. Section 11 gives power to the Central Public Information Officer to seek information from third party in RTI applications. Section 11(1) is an advance notice issued inviting third party’s objections to such disclosure.

the banks have filed separate writ petitions challenging the RTI notices issued to them by the RBI, arguing that disclosure of sensitive financial information will be detrimental to their business and will compromise confidentiality of depositors and also argued that their competitors could exploit the disclosure of their internal reports.
The cases will be considered next on July 19.

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