SHOULD RBI BE ALLOWED RESTRICTION ON BANKS UNDER SEC 35A BE GOVERNED BY A TIME FRAME
Central Information Commission
Decision No. 297/IC(A)/2006
F. No. CIC/MA/A/2006/00663
Dated, the 21st September, 2006
Name of the Appellant : Shri S. Gangaiah Nayakar, 3/488, Rajapalayam Salai, T. N.C.Alangulam, District - Virudhunagar-626127
Name of the Public Authority: Indian Overseas Bank, Customers Service Department, Central office, 763,Anna Salai, Channai-600 002. DECISION
The appellant had sought certain information, which was largely furnished to him.
The CPIO however denied the information relating to the details of loan accounts of another person and other documents submitted by him. The CPIO contented that the information sought is related to personal information, which is exempted u/s 8(1)(j) of the Act. The appellate authority upheld the decision of the CPIO.
There is no denial of information to the appellant. The Banks are expected to maintain confidentiality of the accounts of its customers and that the documents submitted by its customers do not fall under public domain. Hence, exempted u/s 8(1)(j) of the Act.
The appeal is accordingly disposed of.
(Prof M. M. Ansari)
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RBI sought exclusion from RTI: Govt. doesnot finance us!
The Right to Information Act (RTI) covers all bodies owned, controlled or â€˜substantially financedâ€™ by the government. Which should be clear enough, but the Reserve Bank of India didnâ€™t think so. It sought exclusion from the scanner, contending, â€œWe do not come under the Act, as we are the sole financier of the government; the government does not finance us!â€
In response, the Central Information Commission has firmly put the Bank in its place by reminding it that RBI was constituted by an Act of Parliament and was therefore squarely within the lawâ€™s purview.