Wednesday, 16 December 2015

RBI is duty bound under RTI Act to share info. provided by Banks/FIs on loan defaulters

RTI ACT: RBI does not place itself in a fiduciary relationship with the Financial institutions (though, in word it puts itself to be in that position) because, the reports of the inspections, statements of the bank, information related to the business obtained by the RBI are not under the pretext of confidence or trust

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