Letter to BS: SC ultimatum on RTI info exposes RBI's overconfidence

This refers to “On a high horse” (April 30). The Supreme Court decision will have far-reaching implications. The depositors and public will be able to peruse the annual inspection reports (AIRs) of banks, find out about the quality of management, the efficacy of the internal control systems, the lending and investment practices and the financial health of these entities. Financial indicators regarding liquidity and solvency of banks will be available in the public domain. Issues about how banks deal with big loan defaulters will also be revealed. The AIRs will also reveal the quality of the supervisory mechanism of the