Indian Polity · Polity
An activist files an RTI application with a private sector bank, arguing it constitutes a 'public authority' under Section 2(h) of the RTI Act 2005 due to RBI regulation and liquidity support. According to the law, is a private sector bank obligated to directly respond to RTI applications?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Yes, but the bank is only obligated to provide information regarding executive remuneration, while corporate loan details are fully exempt.
- 2Yes, because all commercial banks operating under a license issued under the Banking Regulation Act are deemed public bodies.
- 3No, a private bank is not a public authority unless it is established by law or substantially financed directly or indirectly by government funds.✓
- 4Yes, because the RBI's regulatory control is so pervasive that it effectively renders all private banks as agents of the state.
Correct answer
No, a private bank is not a public authority unless it is established by law or substantially financed directly or indirectly by government funds.
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