Business Standard

On a high horse

SC ultimatum on RTI info exposes RBI's overconfidence

On a high horse

The central bank also said there should be no concept of “guaranteed bonuses” in the compensation plan

Business Standard Editorial Comment
The Supreme Court on April 26 issued an order that must have been a severe setback for the Reserve Bank of India. The apex court declared that the banking regulator was in contempt of court for failing to comply with a 2015 order directing it to make information regarding its annual inspection reports (AIRs) of banks available under the Right to Information Act. The court said the RBI had a statutory duty to uphold the interests of the public, depositors, the country’s economy and the banking sector, and that it should act with transparency and not hide information that might

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First Published: Apr 29 2019 | 10:04 PM IST

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