Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ecf8ba6f5c4-trace').style.display = (document.getElementById('cakeErr67ecf8ba6f5c4-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67ecf8ba6f5c4-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ecf8ba6f5c4-code').style.display = (document.getElementById('cakeErr67ecf8ba6f5c4-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ecf8ba6f5c4-context').style.display = (document.getElementById('cakeErr67ecf8ba6f5c4-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67ecf8ba6f5c4-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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-The Deccan Herald
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&amp;nbsp;
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&lt;em&gt;In an attempt to usher transparency regarding functioning of the banking sector, the Central Information Commission on Friday directed the Reserve Bank of India (RBI) to reveal the details of Annual Financial Inspection (AFI) reports of banks and also the fines imposed on them based for violating rules.&lt;/em&gt;
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Direction to make public the annual inspection reports of banks was given by Information Commissioner Shailesh Gandhi while he overruled the objections given by country&amp;rsquo;s central bank saying that such reports are confidential.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Harm competitive edge&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
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The country&amp;rsquo;s central bank had argued that the inspection carried out by the Reserve Bank often brings out the weaknesses in the financial aspect, management and systems of the inspected entity, therefore making these reports public might adversly affect the economic interests of the State and harm banks&amp;rsquo; competitive position.
&lt;/div&gt;
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&lt;br /&gt;
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&amp;ldquo;The disclosure may impact the banking sector on the whole. This could trigger a ripple effect on the deposits of not only one bank to which the information pertains but others as well due to contagion effect.&amp;rdquo;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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&amp;ldquo;This has serious implication on financial stability which rests on public confidence in banks and financial institution, besides harming their competitiveness,&amp;rdquo; the RBI submitted before the transparency panel. RBI also cited a previous order of CIC&amp;rsquo;s Full Bench, which said that the Bank was the best body to decided whether disclosure would affect economic interests of the State.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Transparency panel&lt;/em&gt;
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&lt;br /&gt;
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Transparency panel rejected this argument and said that under RTI Act it is the Commission, which has to take a decision on the disclosure of information.
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&lt;br /&gt;
&lt;/div&gt;
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While hearing the RTI plea of Subhash Chandra Agrawal, who had sought the information, Gandhi said: &amp;ldquo;This appears to go against the basic tenets of democracy and transparency...Any constraint on the fundamental rights of citizens has to be done with great care even by Parliament.&amp;rdquo;
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He further commented that &amp;ldquo;citizens have a right to know about the functioning and working of banking companies including any regulatory lapses. If there are irregularities in the functioning of institutions/ banking companies citizens certainly have a right to know about the same. A larger public interest would be served by disclosing this information under Section 8(2) of the RTI Act.&amp;rdquo;
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&lt;br /&gt;
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-The Deccan Herald


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In an attempt to usher transparency regarding functioning of the banking sector, the Central Information Commission on Friday directed the Reserve Bank of India (RBI) to reveal the details of Annual Financial Inspection (AFI) reports of banks and...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Deccan Herald&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;In an attempt to usher transparency regarding functioning of the banking sector, the Central Information Commission on Friday directed the Reserve Bank of India (RBI) to reveal the details of Annual Financial Inspection (AFI) reports of banks and also the fines imposed on them based for violating rules.&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Direction to make public the annual inspection reports of banks was given by Information Commissioner Shailesh Gandhi while he overruled the objections given by country&amp;rsquo;s central bank saying that such reports are confidential.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Harm competitive edge&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The country&amp;rsquo;s central bank had argued that the inspection carried out by the Reserve Bank often brings out the weaknesses in the financial aspect, management and systems of the inspected entity, therefore making these reports public might adversly affect the economic interests of the State and harm banks&amp;rsquo; competitive position.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;The disclosure may impact the banking sector on the whole. This could trigger a ripple effect on the deposits of not only one bank to which the information pertains but others as well due to contagion effect.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;This has serious implication on financial stability which rests on public confidence in banks and financial institution, besides harming their competitiveness,&amp;rdquo; the RBI submitted before the transparency panel. RBI also cited a previous order of CIC&amp;rsquo;s Full Bench, which said that the Bank was the best body to decided whether disclosure would affect economic interests of the State.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Transparency panel&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Transparency panel rejected this argument and said that under RTI Act it is the Commission, which has to take a decision on the disclosure of information.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;While hearing the RTI plea of Subhash Chandra Agrawal, who had sought the information, Gandhi said: &amp;ldquo;This appears to go against the basic tenets of democracy and transparency...Any constraint on the fundamental rights of citizens has to be done with great care even by Parliament.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He further commented that &amp;ldquo;citizens have a right to know about the functioning and working of banking companies including any regulatory lapses. If there are irregularities in the functioning of institutions/ banking companies citizens certainly have a right to know about the same. A larger public interest would be served by disclosing this information under Section 8(2) of the RTI Act.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
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-The Deccan Herald
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&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;In an attempt to usher transparency regarding functioning of the banking sector, the Central Information Commission on Friday directed the Reserve Bank of India (RBI) to reveal the details of Annual Financial Inspection (AFI) reports of banks and also the fines imposed on them based for violating rules.&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Direction to make public the annual inspection reports of banks was given by Information Commissioner Shailesh Gandhi while he overruled the objections given by country&amp;rsquo;s central bank saying that such reports are confidential.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Harm competitive edge&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The country&amp;rsquo;s central bank had argued that the inspection carried out by the Reserve Bank often brings out the weaknesses in the financial aspect, management and systems of the inspected entity, therefore making these reports public might adversly affect the economic interests of the State and harm banks&amp;rsquo; competitive position.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;The disclosure may impact the banking sector on the whole. This could trigger a ripple effect on the deposits of not only one bank to which the information pertains but others as well due to contagion effect.&amp;rdquo;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;This has serious implication on financial stability which rests on public confidence in banks and financial institution, besides harming their competitiveness,&amp;rdquo; the RBI submitted before the transparency panel. RBI also cited a previous order of CIC&amp;rsquo;s Full Bench, which said that the Bank was the best body to decided whether disclosure would affect economic interests of the State.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Transparency panel&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Transparency panel rejected this argument and said that under RTI Act it is the Commission, which has to take a decision on the disclosure of information.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
While hearing the RTI plea of Subhash Chandra Agrawal, who had sought the information, Gandhi said: &amp;ldquo;This appears to go against the basic tenets of democracy and transparency...Any constraint on the fundamental rights of citizens has to be done with great care even by Parliament.&amp;rdquo;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
He further commented that &amp;ldquo;citizens have a right to know about the functioning and working of banking companies including any regulatory lapses. If there are irregularities in the functioning of institutions/ banking companies citizens certainly have a right to know about the same. A larger public interest would be served by disclosing this information under Section 8(2) of the RTI Act.&amp;rdquo;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Deccan Herald, 18 November, 2011, http://www.deccanherald.com/content/205784/disclose-confidential-financial-inspection-reports.html&#039;,
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-The Deccan Herald


&amp;nbsp;


In an attempt to usher transparency regarding functioning of the banking sector, the Central Information Commission on Friday directed the Reserve Bank of India (RBI) to reveal the details of Annual Financial Inspection (AFI) reports of banks and...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Deccan Herald&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;In an attempt to usher transparency regarding functioning of the banking sector, the Central Information Commission on Friday directed the Reserve Bank of India (RBI) to reveal the details of Annual Financial Inspection (AFI) reports of banks and also the fines imposed on them based for violating rules.&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Direction to make public the annual inspection reports of banks was given by Information Commissioner Shailesh Gandhi while he overruled the objections given by country&amp;rsquo;s central bank saying that such reports are confidential.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Harm competitive edge&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The country&amp;rsquo;s central bank had argued that the inspection carried out by the Reserve Bank often brings out the weaknesses in the financial aspect, management and systems of the inspected entity, therefore making these reports public might adversly affect the economic interests of the State and harm banks&amp;rsquo; competitive position.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;The disclosure may impact the banking sector on the whole. This could trigger a ripple effect on the deposits of not only one bank to which the information pertains but others as well due to contagion effect.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;This has serious implication on financial stability which rests on public confidence in banks and financial institution, besides harming their competitiveness,&amp;rdquo; the RBI submitted before the transparency panel. RBI also cited a previous order of CIC&amp;rsquo;s Full Bench, which said that the Bank was the best body to decided whether disclosure would affect economic interests of the State.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Transparency panel&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Transparency panel rejected this argument and said that under RTI Act it is the Commission, which has to take a decision on the disclosure of information.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;While hearing the RTI plea of Subhash Chandra Agrawal, who had sought the information, Gandhi said: &amp;ldquo;This appears to go against the basic tenets of democracy and transparency...Any constraint on the fundamental rights of citizens has to be done with great care even by Parliament.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He further commented that &amp;ldquo;citizens have a right to know about the functioning and working of banking companies including any regulatory lapses. If there are irregularities in the functioning of institutions/ banking companies citizens certainly have a right to know about the same. A larger public interest would be served by disclosing this information under Section 8(2) of the RTI Act.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;
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-The Deccan Herald


&nbsp;


In an attempt to usher transparency regarding functioning of the banking sector, the Central Information Commission on Friday directed the Reserve Bank of India (RBI) to reveal the details of Annual Financial Inspection (AFI) reports of banks and..."/>
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                <strong>‘Disclose confidential financial inspection reports of banks’</strong></h1>
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                <div style="text-align: justify">-The Deccan Herald</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify"><em>In an attempt to usher transparency regarding functioning of the banking sector, the Central Information Commission on Friday directed the Reserve Bank of India (RBI) to reveal the details of Annual Financial Inspection (AFI) reports of banks and also the fines imposed on them based for violating rules.</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">Direction to make public the annual inspection reports of banks was given by Information Commissioner Shailesh Gandhi while he overruled the objections given by country&rsquo;s central bank saying that such reports are confidential.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Harm competitive edge</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">The country&rsquo;s central bank had argued that the inspection carried out by the Reserve Bank often brings out the weaknesses in the financial aspect, management and systems of the inspected entity, therefore making these reports public might adversly affect the economic interests of the State and harm banks&rsquo; competitive position.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;The disclosure may impact the banking sector on the whole. This could trigger a ripple effect on the deposits of not only one bank to which the information pertains but others as well due to contagion effect.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;This has serious implication on financial stability which rests on public confidence in banks and financial institution, besides harming their competitiveness,&rdquo; the RBI submitted before the transparency panel. RBI also cited a previous order of CIC&rsquo;s Full Bench, which said that the Bank was the best body to decided whether disclosure would affect economic interests of the State.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Transparency panel</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">Transparency panel rejected this argument and said that under RTI Act it is the Commission, which has to take a decision on the disclosure of information.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">While hearing the RTI plea of Subhash Chandra Agrawal, who had sought the information, Gandhi said: &ldquo;This appears to go against the basic tenets of democracy and transparency...Any constraint on the fundamental rights of citizens has to be done with great care even by Parliament.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He further commented that &ldquo;citizens have a right to know about the functioning and working of banking companies including any regulatory lapses. If there are irregularities in the functioning of institutions/ banking companies citizens certainly have a right to know about the same. A larger public interest would be served by disclosing this information under Section 8(2) of the RTI Act.&rdquo;</div><div style="text-align: justify"><br /></div>               </font>
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-The Deccan Herald
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&lt;em&gt;In an attempt to usher transparency regarding functioning of the banking sector, the Central Information Commission on Friday directed the Reserve Bank of India (RBI) to reveal the details of Annual Financial Inspection (AFI) reports of banks and also the fines imposed on them based for violating rules.&lt;/em&gt;
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Direction to make public the annual inspection reports of banks was given by Information Commissioner Shailesh Gandhi while he overruled the objections given by country&amp;rsquo;s central bank saying that such reports are confidential.
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The country&amp;rsquo;s central bank had argued that the inspection carried out by the Reserve Bank often brings out the weaknesses in the financial aspect, management and systems of the inspected entity, therefore making these reports public might adversly affect the economic interests of the State and harm banks&amp;rsquo; competitive position.
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&amp;ldquo;The disclosure may impact the banking sector on the whole. This could trigger a ripple effect on the deposits of not only one bank to which the information pertains but others as well due to contagion effect.&amp;rdquo;
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&amp;ldquo;This has serious implication on financial stability which rests on public confidence in banks and financial institution, besides harming their competitiveness,&amp;rdquo; the RBI submitted before the transparency panel. RBI also cited a previous order of CIC&amp;rsquo;s Full Bench, which said that the Bank was the best body to decided whether disclosure would affect economic interests of the State.
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Transparency panel rejected this argument and said that under RTI Act it is the Commission, which has to take a decision on the disclosure of information.
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While hearing the RTI plea of Subhash Chandra Agrawal, who had sought the information, Gandhi said: &amp;ldquo;This appears to go against the basic tenets of democracy and transparency...Any constraint on the fundamental rights of citizens has to be done with great care even by Parliament.&amp;rdquo;
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-The Deccan Herald


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In an attempt to usher transparency regarding functioning of the banking sector, the Central Information Commission on Friday directed the Reserve Bank of India (RBI) to reveal the details of Annual Financial Inspection (AFI) reports of banks and...&#039;,
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-The Deccan Herald
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&lt;em&gt;In an attempt to usher transparency regarding functioning of the banking sector, the Central Information Commission on Friday directed the Reserve Bank of India (RBI) to reveal the details of Annual Financial Inspection (AFI) reports of banks and also the fines imposed on them based for violating rules.&lt;/em&gt;
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Direction to make public the annual inspection reports of banks was given by Information Commissioner Shailesh Gandhi while he overruled the objections given by country&amp;rsquo;s central bank saying that such reports are confidential.
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&lt;em&gt;Harm competitive edge&lt;/em&gt;
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The country&amp;rsquo;s central bank had argued that the inspection carried out by the Reserve Bank often brings out the weaknesses in the financial aspect, management and systems of the inspected entity, therefore making these reports public might adversly affect the economic interests of the State and harm banks&amp;rsquo; competitive position.
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&amp;ldquo;The disclosure may impact the banking sector on the whole. This could trigger a ripple effect on the deposits of not only one bank to which the information pertains but others as well due to contagion effect.&amp;rdquo;
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&amp;ldquo;This has serious implication on financial stability which rests on public confidence in banks and financial institution, besides harming their competitiveness,&amp;rdquo; the RBI submitted before the transparency panel. RBI also cited a previous order of CIC&amp;rsquo;s Full Bench, which said that the Bank was the best body to decided whether disclosure would affect economic interests of the State.
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&lt;em&gt;Transparency panel&lt;/em&gt;
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Transparency panel rejected this argument and said that under RTI Act it is the Commission, which has to take a decision on the disclosure of information.
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&lt;br /&gt;
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While hearing the RTI plea of Subhash Chandra Agrawal, who had sought the information, Gandhi said: &amp;ldquo;This appears to go against the basic tenets of democracy and transparency...Any constraint on the fundamental rights of citizens has to be done with great care even by Parliament.&amp;rdquo;
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He further commented that &amp;ldquo;citizens have a right to know about the functioning and working of banking companies including any regulatory lapses. If there are irregularities in the functioning of institutions/ banking companies citizens certainly have a right to know about the same. A larger public interest would be served by disclosing this information under Section 8(2) of the RTI Act.&amp;rdquo;
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-The Deccan Herald


&amp;nbsp;


In an attempt to usher transparency regarding functioning of the banking sector, the Central Information Commission on Friday directed the Reserve Bank of India (RBI) to reveal the details of Annual Financial Inspection (AFI) reports of banks and...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Deccan Herald&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;In an attempt to usher transparency regarding functioning of the banking sector, the Central Information Commission on Friday directed the Reserve Bank of India (RBI) to reveal the details of Annual Financial Inspection (AFI) reports of banks and also the fines imposed on them based for violating rules.&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Direction to make public the annual inspection reports of banks was given by Information Commissioner Shailesh Gandhi while he overruled the objections given by country&amp;rsquo;s central bank saying that such reports are confidential.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Harm competitive edge&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The country&amp;rsquo;s central bank had argued that the inspection carried out by the Reserve Bank often brings out the weaknesses in the financial aspect, management and systems of the inspected entity, therefore making these reports public might adversly affect the economic interests of the State and harm banks&amp;rsquo; competitive position.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;The disclosure may impact the banking sector on the whole. This could trigger a ripple effect on the deposits of not only one bank to which the information pertains but others as well due to contagion effect.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;This has serious implication on financial stability which rests on public confidence in banks and financial institution, besides harming their competitiveness,&amp;rdquo; the RBI submitted before the transparency panel. RBI also cited a previous order of CIC&amp;rsquo;s Full Bench, which said that the Bank was the best body to decided whether disclosure would affect economic interests of the State.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Transparency panel&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Transparency panel rejected this argument and said that under RTI Act it is the Commission, which has to take a decision on the disclosure of information.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;While hearing the RTI plea of Subhash Chandra Agrawal, who had sought the information, Gandhi said: &amp;ldquo;This appears to go against the basic tenets of democracy and transparency...Any constraint on the fundamental rights of citizens has to be done with great care even by Parliament.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He further commented that &amp;ldquo;citizens have a right to know about the functioning and working of banking companies including any regulatory lapses. If there are irregularities in the functioning of institutions/ banking companies citizens certainly have a right to know about the same. A larger public interest would be served by disclosing this information under Section 8(2) of the RTI Act.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;
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-The Deccan Herald


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In an attempt to usher transparency regarding functioning of the banking sector, the Central Information Commission on Friday directed the Reserve Bank of India (RBI) to reveal the details of Annual Financial Inspection (AFI) reports of banks and..."/>
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                <strong>‘Disclose confidential financial inspection reports of banks’</strong></h1>
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                <div style="text-align: justify">-The Deccan Herald</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify"><em>In an attempt to usher transparency regarding functioning of the banking sector, the Central Information Commission on Friday directed the Reserve Bank of India (RBI) to reveal the details of Annual Financial Inspection (AFI) reports of banks and also the fines imposed on them based for violating rules.</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">Direction to make public the annual inspection reports of banks was given by Information Commissioner Shailesh Gandhi while he overruled the objections given by country&rsquo;s central bank saying that such reports are confidential.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Harm competitive edge</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">The country&rsquo;s central bank had argued that the inspection carried out by the Reserve Bank often brings out the weaknesses in the financial aspect, management and systems of the inspected entity, therefore making these reports public might adversly affect the economic interests of the State and harm banks&rsquo; competitive position.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;The disclosure may impact the banking sector on the whole. This could trigger a ripple effect on the deposits of not only one bank to which the information pertains but others as well due to contagion effect.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;This has serious implication on financial stability which rests on public confidence in banks and financial institution, besides harming their competitiveness,&rdquo; the RBI submitted before the transparency panel. RBI also cited a previous order of CIC&rsquo;s Full Bench, which said that the Bank was the best body to decided whether disclosure would affect economic interests of the State.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Transparency panel</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">Transparency panel rejected this argument and said that under RTI Act it is the Commission, which has to take a decision on the disclosure of information.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">While hearing the RTI plea of Subhash Chandra Agrawal, who had sought the information, Gandhi said: &ldquo;This appears to go against the basic tenets of democracy and transparency...Any constraint on the fundamental rights of citizens has to be done with great care even by Parliament.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He further commented that &ldquo;citizens have a right to know about the functioning and working of banking companies including any regulatory lapses. If there are irregularities in the functioning of institutions/ banking companies citizens certainly have a right to know about the same. A larger public interest would be served by disclosing this information under Section 8(2) of the RTI Act.&rdquo;</div><div style="text-align: justify"><br /></div>               </font>
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-The Deccan Herald
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&lt;em&gt;In an attempt to usher transparency regarding functioning of the banking sector, the Central Information Commission on Friday directed the Reserve Bank of India (RBI) to reveal the details of Annual Financial Inspection (AFI) reports of banks and also the fines imposed on them based for violating rules.&lt;/em&gt;
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Direction to make public the annual inspection reports of banks was given by Information Commissioner Shailesh Gandhi while he overruled the objections given by country&amp;rsquo;s central bank saying that such reports are confidential.
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&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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&lt;em&gt;Harm competitive edge&lt;/em&gt;
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&lt;br /&gt;
&lt;/div&gt;
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The country&amp;rsquo;s central bank had argued that the inspection carried out by the Reserve Bank often brings out the weaknesses in the financial aspect, management and systems of the inspected entity, therefore making these reports public might adversly affect the economic interests of the State and harm banks&amp;rsquo; competitive position.
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&amp;ldquo;The disclosure may impact the banking sector on the whole. This could trigger a ripple effect on the deposits of not only one bank to which the information pertains but others as well due to contagion effect.&amp;rdquo;
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&lt;br /&gt;
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&amp;ldquo;This has serious implication on financial stability which rests on public confidence in banks and financial institution, besides harming their competitiveness,&amp;rdquo; the RBI submitted before the transparency panel. RBI also cited a previous order of CIC&amp;rsquo;s Full Bench, which said that the Bank was the best body to decided whether disclosure would affect economic interests of the State.
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&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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&lt;em&gt;Transparency panel&lt;/em&gt;
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&lt;br /&gt;
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Transparency panel rejected this argument and said that under RTI Act it is the Commission, which has to take a decision on the disclosure of information.
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&lt;br /&gt;
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While hearing the RTI plea of Subhash Chandra Agrawal, who had sought the information, Gandhi said: &amp;ldquo;This appears to go against the basic tenets of democracy and transparency...Any constraint on the fundamental rights of citizens has to be done with great care even by Parliament.&amp;rdquo;
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He further commented that &amp;ldquo;citizens have a right to know about the functioning and working of banking companies including any regulatory lapses. If there are irregularities in the functioning of institutions/ banking companies citizens certainly have a right to know about the same. A larger public interest would be served by disclosing this information under Section 8(2) of the RTI Act.&amp;rdquo;
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-The Deccan Herald


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In an attempt to usher transparency regarding functioning of the banking sector, the Central Information Commission on Friday directed the Reserve Bank of India (RBI) to reveal the details of Annual Financial Inspection (AFI) reports of banks and...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Deccan Herald&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;In an attempt to usher transparency regarding functioning of the banking sector, the Central Information Commission on Friday directed the Reserve Bank of India (RBI) to reveal the details of Annual Financial Inspection (AFI) reports of banks and also the fines imposed on them based for violating rules.&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Direction to make public the annual inspection reports of banks was given by Information Commissioner Shailesh Gandhi while he overruled the objections given by country&amp;rsquo;s central bank saying that such reports are confidential.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Harm competitive edge&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The country&amp;rsquo;s central bank had argued that the inspection carried out by the Reserve Bank often brings out the weaknesses in the financial aspect, management and systems of the inspected entity, therefore making these reports public might adversly affect the economic interests of the State and harm banks&amp;rsquo; competitive position.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;The disclosure may impact the banking sector on the whole. This could trigger a ripple effect on the deposits of not only one bank to which the information pertains but others as well due to contagion effect.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;This has serious implication on financial stability which rests on public confidence in banks and financial institution, besides harming their competitiveness,&amp;rdquo; the RBI submitted before the transparency panel. RBI also cited a previous order of CIC&amp;rsquo;s Full Bench, which said that the Bank was the best body to decided whether disclosure would affect economic interests of the State.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Transparency panel&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Transparency panel rejected this argument and said that under RTI Act it is the Commission, which has to take a decision on the disclosure of information.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;While hearing the RTI plea of Subhash Chandra Agrawal, who had sought the information, Gandhi said: &amp;ldquo;This appears to go against the basic tenets of democracy and transparency...Any constraint on the fundamental rights of citizens has to be done with great care even by Parliament.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He further commented that &amp;ldquo;citizens have a right to know about the functioning and working of banking companies including any regulatory lapses. If there are irregularities in the functioning of institutions/ banking companies citizens certainly have a right to know about the same. A larger public interest would be served by disclosing this information under Section 8(2) of the RTI Act.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
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-The Deccan Herald
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&amp;nbsp;
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&lt;em&gt;In an attempt to usher transparency regarding functioning of the banking sector, the Central Information Commission on Friday directed the Reserve Bank of India (RBI) to reveal the details of Annual Financial Inspection (AFI) reports of banks and also the fines imposed on them based for violating rules.&lt;/em&gt;
&lt;/div&gt;
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&lt;br /&gt;
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Direction to make public the annual inspection reports of banks was given by Information Commissioner Shailesh Gandhi while he overruled the objections given by country&amp;rsquo;s central bank saying that such reports are confidential.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Harm competitive edge&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The country&amp;rsquo;s central bank had argued that the inspection carried out by the Reserve Bank often brings out the weaknesses in the financial aspect, management and systems of the inspected entity, therefore making these reports public might adversly affect the economic interests of the State and harm banks&amp;rsquo; competitive position.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;The disclosure may impact the banking sector on the whole. This could trigger a ripple effect on the deposits of not only one bank to which the information pertains but others as well due to contagion effect.&amp;rdquo;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;This has serious implication on financial stability which rests on public confidence in banks and financial institution, besides harming their competitiveness,&amp;rdquo; the RBI submitted before the transparency panel. RBI also cited a previous order of CIC&amp;rsquo;s Full Bench, which said that the Bank was the best body to decided whether disclosure would affect economic interests of the State.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Transparency panel&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Transparency panel rejected this argument and said that under RTI Act it is the Commission, which has to take a decision on the disclosure of information.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
While hearing the RTI plea of Subhash Chandra Agrawal, who had sought the information, Gandhi said: &amp;ldquo;This appears to go against the basic tenets of democracy and transparency...Any constraint on the fundamental rights of citizens has to be done with great care even by Parliament.&amp;rdquo;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
He further commented that &amp;ldquo;citizens have a right to know about the functioning and working of banking companies including any regulatory lapses. If there are irregularities in the functioning of institutions/ banking companies citizens certainly have a right to know about the same. A larger public interest would be served by disclosing this information under Section 8(2) of the RTI Act.&amp;rdquo;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
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-The Deccan Herald


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$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Deccan Herald&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;In an attempt to usher transparency regarding functioning of the banking sector, the Central Information Commission on Friday directed the Reserve Bank of India (RBI) to reveal the details of Annual Financial Inspection (AFI) reports of banks and also the fines imposed on them based for violating rules.&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Direction to make public the annual inspection reports of banks was given by Information Commissioner Shailesh Gandhi while he overruled the objections given by country&amp;rsquo;s central bank saying that such reports are confidential.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Harm competitive edge&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The country&amp;rsquo;s central bank had argued that the inspection carried out by the Reserve Bank often brings out the weaknesses in the financial aspect, management and systems of the inspected entity, therefore making these reports public might adversly affect the economic interests of the State and harm banks&amp;rsquo; competitive position.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;The disclosure may impact the banking sector on the whole. This could trigger a ripple effect on the deposits of not only one bank to which the information pertains but others as well due to contagion effect.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;This has serious implication on financial stability which rests on public confidence in banks and financial institution, besides harming their competitiveness,&amp;rdquo; the RBI submitted before the transparency panel. RBI also cited a previous order of CIC&amp;rsquo;s Full Bench, which said that the Bank was the best body to decided whether disclosure would affect economic interests of the State.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Transparency panel&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Transparency panel rejected this argument and said that under RTI Act it is the Commission, which has to take a decision on the disclosure of information.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;While hearing the RTI plea of Subhash Chandra Agrawal, who had sought the information, Gandhi said: &amp;ldquo;This appears to go against the basic tenets of democracy and transparency...Any constraint on the fundamental rights of citizens has to be done with great care even by Parliament.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He further commented that &amp;ldquo;citizens have a right to know about the functioning and working of banking companies including any regulatory lapses. If there are irregularities in the functioning of institutions/ banking companies citizens certainly have a right to know about the same. A larger public interest would be served by disclosing this information under Section 8(2) of the RTI Act.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;
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-The Deccan Herald


&nbsp;


In an attempt to usher transparency regarding functioning of the banking sector, the Central Information Commission on Friday directed the Reserve Bank of India (RBI) to reveal the details of Annual Financial Inspection (AFI) reports of banks and..."/>
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                <strong>‘Disclose confidential financial inspection reports of banks’</strong></h1>
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                <div style="text-align: justify">-The Deccan Herald</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify"><em>In an attempt to usher transparency regarding functioning of the banking sector, the Central Information Commission on Friday directed the Reserve Bank of India (RBI) to reveal the details of Annual Financial Inspection (AFI) reports of banks and also the fines imposed on them based for violating rules.</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">Direction to make public the annual inspection reports of banks was given by Information Commissioner Shailesh Gandhi while he overruled the objections given by country&rsquo;s central bank saying that such reports are confidential.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Harm competitive edge</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">The country&rsquo;s central bank had argued that the inspection carried out by the Reserve Bank often brings out the weaknesses in the financial aspect, management and systems of the inspected entity, therefore making these reports public might adversly affect the economic interests of the State and harm banks&rsquo; competitive position.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;The disclosure may impact the banking sector on the whole. This could trigger a ripple effect on the deposits of not only one bank to which the information pertains but others as well due to contagion effect.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;This has serious implication on financial stability which rests on public confidence in banks and financial institution, besides harming their competitiveness,&rdquo; the RBI submitted before the transparency panel. RBI also cited a previous order of CIC&rsquo;s Full Bench, which said that the Bank was the best body to decided whether disclosure would affect economic interests of the State.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Transparency panel</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">Transparency panel rejected this argument and said that under RTI Act it is the Commission, which has to take a decision on the disclosure of information.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">While hearing the RTI plea of Subhash Chandra Agrawal, who had sought the information, Gandhi said: &ldquo;This appears to go against the basic tenets of democracy and transparency...Any constraint on the fundamental rights of citizens has to be done with great care even by Parliament.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He further commented that &ldquo;citizens have a right to know about the functioning and working of banking companies including any regulatory lapses. If there are irregularities in the functioning of institutions/ banking companies citizens certainly have a right to know about the same. A larger public interest would be served by disclosing this information under Section 8(2) of the RTI Act.&rdquo;</div><div style="text-align: justify"><br /></div>               </font>
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-The Deccan Herald
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&nbsp;
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<em>In an attempt to usher transparency regarding functioning of the banking sector, the Central Information Commission on Friday directed the Reserve Bank of India (RBI) to reveal the details of Annual Financial Inspection (AFI) reports of banks and also the fines imposed on them based for violating rules.</em>
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&ldquo;This has serious implication on financial stability which rests on public confidence in banks and financial institution, besides harming their competitiveness,&rdquo; the RBI submitted before the transparency panel. RBI also cited a previous order of CIC&rsquo;s Full Bench, which said that the Bank was the best body to decided whether disclosure would affect economic interests of the State.
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-The Deccan Herald
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<em>In an attempt to usher transparency regarding functioning of the banking sector, the Central Information Commission on Friday directed the Reserve Bank of India (RBI) to reveal the details of Annual Financial Inspection (AFI) reports of banks and also the fines imposed on them based for violating rules.</em>
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&nbsp;


In an attempt to usher transparency regarding functioning of the banking sector, the Central Information Commission on Friday directed the Reserve Bank of India (RBI) to reveal the details of Annual Financial Inspection (AFI) reports of banks and...'
$disp = '<div style="text-align: justify">-The Deccan Herald</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify"><em>In an attempt to usher transparency regarding functioning of the banking sector, the Central Information Commission on Friday directed the Reserve Bank of India (RBI) to reveal the details of Annual Financial Inspection (AFI) reports of banks and also the fines imposed on them based for violating rules.</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">Direction to make public the annual inspection reports of banks was given by Information Commissioner Shailesh Gandhi while he overruled the objections given by country&rsquo;s central bank saying that such reports are confidential.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Harm competitive edge</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">The country&rsquo;s central bank had argued that the inspection carried out by the Reserve Bank often brings out the weaknesses in the financial aspect, management and systems of the inspected entity, therefore making these reports public might adversly affect the economic interests of the State and harm banks&rsquo; competitive position.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;The disclosure may impact the banking sector on the whole. This could trigger a ripple effect on the deposits of not only one bank to which the information pertains but others as well due to contagion effect.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;This has serious implication on financial stability which rests on public confidence in banks and financial institution, besides harming their competitiveness,&rdquo; the RBI submitted before the transparency panel. RBI also cited a previous order of CIC&rsquo;s Full Bench, which said that the Bank was the best body to decided whether disclosure would affect economic interests of the State.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Transparency panel</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">Transparency panel rejected this argument and said that under RTI Act it is the Commission, which has to take a decision on the disclosure of information.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">While hearing the RTI plea of Subhash Chandra Agrawal, who had sought the information, Gandhi said: &ldquo;This appears to go against the basic tenets of democracy and transparency...Any constraint on the fundamental rights of citizens has to be done with great care even by Parliament.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He further commented that &ldquo;citizens have a right to know about the functioning and working of banking companies including any regulatory lapses. If there are irregularities in the functioning of institutions/ banking companies citizens certainly have a right to know about the same. A larger public interest would be served by disclosing this information under Section 8(2) of the RTI Act.&rdquo;</div><div style="text-align: justify"><br /></div>'
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‘Disclose confidential financial inspection reports of banks’

-The Deccan Herald   In an attempt to usher transparency regarding functioning of the banking sector, the Central Information Commission on Friday directed the Reserve Bank of India (RBI) to reveal the details of Annual Financial Inspection (AFI) reports of banks and also the fines imposed on them based for violating rules. Direction to make public the annual inspection reports of banks was given by Information Commissioner Shailesh Gandhi while he overruled the objections given by country’s central bank saying that such reports are confidential. Harm competitive edge The country’s central bank had argued that the inspection carried out by the Reserve Bank often brings out the weaknesses in the financial aspect, management and systems of the inspected entity, therefore making these reports public might adversly affect the economic interests of the State and harm banks’ competitive position. “The disclosure may impact the banking sector on the whole. This could trigger a ripple effect on the deposits of not only one bank to which the information pertains but others as well due to contagion effect.” “This has serious implication on financial stability which rests on public confidence in banks and financial institution, besides harming their competitiveness,” the RBI submitted before the transparency panel. RBI also cited a previous order of CIC’s Full Bench, which said that the Bank was the best body to decided whether disclosure would affect economic interests of the State. Transparency panel Transparency panel rejected this argument and said that under RTI Act it is the Commission, which has to take a decision on the disclosure of information. While hearing the RTI plea of Subhash Chandra Agrawal, who had sought the information, Gandhi said: “This appears to go against the basic tenets of democracy and transparency...Any constraint on the fundamental rights of citizens has to be done with great care even by Parliament.” He further commented that “citizens have a right to know about the functioning and working of banking companies including any regulatory lapses. If there are irregularities in the functioning of institutions/ banking companies citizens certainly have a right to know about the same. A larger public interest would be served by disclosing this information under Section 8(2) of the RTI Act.”