RTI Act

According to the decision of Supreme Court of India RBI should take rigid action against those banks and financial institutions which have been indulging in "disreputable business practices" and said it cannot withhold information on defaulters and other issues covered under the RTI Act. It is the responsibility of the RBI to take rigid action against those banks which have been practicing disreputable business practices a bench comprising Justices M Y Eqbal and C Nagappan.RBI liable to disclose information about the banks under the Right to Information (RTI) Act,according to decision of RBI.RBI liable to disclose information under denying informations about the banks and financial institutions for their action against the loan defaulters including industrialists under the RTI Act.