Categories: Business

Should the public know the balance of the rich individual account, the bank asks the Supreme Court

New Delhi: Do citizens have the right to information about bank balances and loans by Tatas, Ambanis and Birlasas under RTI Act, Banks ask Monday, arguing before the Supreme Court that his assessment opens RTI banking information through RTI Put the future business plan where the industrial industry looks for credit lines.
Public lawyer Tushar Mehta and senior advocate beat Rohatgi, appearing for SBI and HDFC Bank, told Judges S Abdul Nazir and Krishna Murari that banking operations and financial transactions, including individual details, were held with confidence by the Bank and that SC assessment would be Seriously endangering secret clauses that apply to banking operations under various provisions.
Mehta said, “No one opens transparency.
However, why should banks be mandated by laws to maintain confidentiality, disclosing information that violates the confidence of account holders and revealing future business plans for rivals, who can get information by hiring RTI Activis services? “However, Advocate Prashant Bhushan, strongly opposed fresh movements by banks to get out of their obligations.
Bench said that the prime facie Bhushan seems right and the problem must be included before the head bench by justice l n Rao, who has rejected the withdrawal application.
However, the bench was postponed hearing further on Thursday.

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