Sucheta Dalal :RTI Judgement Series: RBI asked to share info on United Mercantile Coop Bank
Sucheta Dalal

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RTI Judgement Series: RBI asked to share info on United Mercantile Coop Bank  

June 6, 2014

The CIC asked RBI to share action taken against scams and economic inconsistencies of United Mercantile Cooperative Bank and the daily progress reports. This is the 202nd in a series of important RTI judgements given by former Central Information Commissioner Shailesh Gandhi

 

Moneylife Digital Team

 

The Central Information Commission (CIC), while allowing an appeal, directed the Public Information Officer (PIO) of Reserve Bank of India to provide complete information about action taken by the regulator against scams or economic inconsistencies of United Mercantile Cooperative Bank Ltd. The PIO had denied this information citing Sections 8(1)(a) and (e) of the Right to Information (RTI) Act.

 

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-- Sucheta Dalal