On a high horse

SC ultimatum on RTI info exposes RBI's overconfidence

The Supreme Court on April 26 issued an order that must have been a severe setback for the Reserve Bank of India. The apex court declared that the banking regulator was in contempt of court for failing to comply with a 2015 order directing it to make information regarding its annual inspection reports (AIRs) of banks available under the Right to Information Act. The court said the RBI had a statutory duty to uphold the interests of the public, depositors, the country’s economy and the banking sector, and that it should act with transparency and not hide information that might