As per the observations made by the Hon’ble Supreme

Solution

In the case of Reserve Bank of India Vs. Jayantilal Mishra, the interesting issue that was raised was whether all the information sought for under the Right to Information Act, 2005 can be denied by the Reserve Bank of India and other Banks to the public at large on the ground of economic interest, commercial confidence, fiduciary relationship with other Bank on the one hand and the public interest on the other. The RBI in the case took the stand that the information sought for was exempted under Section 8(1) (a), (d) and (e) of the Right to Information Act, 2005. Moreover, as the regulator and supervisor of the banking system, the RBI has discretion in the disclosure of such information in public interest. The appeal was allowed.