RTI on RBI Inspection

THIS is in response to the article  “RBI’s inspection reports under RTI ” by Raja Muzaffar Bhat published in Kashmir Observer on 11th May. This is great news that the Supreme Court has denied to hear the review petition filed by several banks together. Now all the banks have to reveal the details of big loan defaulters. In addition to it, the annual inspection list has also to be provided under the Right to Information Act by RBI and other banks. Pertinent to mention that ever since Justice N V Ramana took over as Chief Justice of the Supreme Court there are lots of expectations from him. He is man from a journalist background plus having brought office of the Chief Justice of India (CJI) under the ambit of RTI Act 2005 some time back. I am sure there will be more transparency in the banking sector, plus some historic judgements are expected by SC in the coming months. It is hoped that J&K Bank will also make the list of big loan defaulters public. There are many big shots who took hundreds of crores from this bank and fled the country. Their names should be made public soon

Yours Sincerely 

Advocate Bashir Ahmad Bhat

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