The Supreme Court has agreed to hear a plea seeking disclosure of annual inspection and risk assessment reports of banks. The apex court has issued notices to several banks.
In April last year, the top court had directed the Reserve Bank of India (RBI) to disclose the reports. However, in December the court had stayed its own order.
The ruling came on an application filed by banks, which said such information cannot be shared without first giving them an opportunity to oppose it. RTI applications have been piling up at the RBI ever since the court ruled that the banking regulator must reveal all information under the right to information, except those excluded by law.