CENTRAL INFORMATION COMMISSION
Decision No. CIC/SG/A/2011/002033/15493
http://www.rti.india.gov.in/cic_decisions/CIC_SG_A_2011_002033_15493_M_70004.pdf
Appeal No. CIC/SG/A/2011/002033
Vivek Madhukar Shirvalkar,v/s Public Information Officer Reserve Bank of India,
The RBI is a regulatory authority which is responsible for inter alia monitoring subordinate banks and institutions. Merely because disclosure of such information may adversely affect public confidence in defaulting institutions, it cannot be a reason for denial of information under the RTI Act. If there are certain irregularities in the working and functioning of such banks and institutions, the citizens certainly have a right to know about the same. In view of the same, this Bench is of the considered opinion that even if the information sought was exempted under Section 8(1)(a) or (e) of the RTI Act, as stated by the PIO, Section 8(2) of the RTI Act would mandate disclosure of the information.