How the RBI Dodged RTI Appeals For Minutes Of Meeting On Demonetisation.

After two years of stubborn refusal to part with any details regarding the minutes of its board meeting on demonetisation, the RBI has demonstrated its sheer disdain for the RTI Act. While India’s leaders make a mockery of the constitution and the economy, the Reserve Bank of India made a mockery of the Right to […]

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RBI did not do proper auditing: CVC on PNB fraud

Central Vigilance Commissioner K V Chowdary today said the Reserve Bank of India (RBI) had apparently not conducted an audit during the period of time when a Rs 13,000-crore scam hit the Punjab National Bank. Chowdary stressed the need to put into place a more robust auditing system. “They did not do this (an audit),” […]

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PNB fraud: Centre opposes plea for SIT probe

The Centre today opposed in the Supreme Court a PIL seeking an independent probe and deportation of billionaire jeweller Nirav Modi in the over Rs 11,000 crore PNB fraud case, saying an FIR has been lodged and a probe was on. A bench comprising Chief Justice Dipak Misra and Justices A M Khanwilkar and D […]

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Gujarat HC raps RBI for giving directions to NCLT

The Gujarat High Court today rebuked the Reserve Bank of India for asking the National Company Law Tribunal in its June 13 directive to give priority to the insolvency proceedings against companies with huge debts. It also questioned the functioning of the central bank. The bench of Justice S G Shah came down heavily on […]

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Rs 1.58 cr sent to Solapur coop bank for teachers’ salary

The Reserve Bank today informed the Bombay High Court that it has transferred a sum of Rs 1.58 crore to Solapur District Cooperative Bank for disbursal of salaries to aided school teachers. “We have sent Rs 1.58 crore to the Solapur district bank for disbursal of salaries to the teachers. The money can be transferred […]

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Cap on withdrawals from ATMs policy decision

The Reserve Bank of India has told the Delhi High Court that the cap on the number of withdrawals from ATMs by banking customers without being charged is a policy decision taken in public interest. A bench of Chief Justice G Rohini and Justice Sangita Dhingra Sehgal was also informed by RBI that the ATM […]

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Court stays information panel’s order to RBI on RTI plea

The Delhi High Court Friday stayed an order of the Central Information Commission (CIC) directing the Reserve Bank of India to provide information regarding credit provided to industrialists by nationalized banks to a Right to Information (RTI) applicant. Justice Vipin Sanghi also issued notice to the RTI applicant, P.P. Kapoor, seeking his reply before the […]

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