Co-op banks under RTI- Haryana SIC

According to a report appearing in Hindustan Times Haryana state information commission has said all cooperative banks will be considered public authority and will therefore come under the ambit of the right to information Act.

A larger bench of the commission pronounced this opinion reading a judgment delivered by the Supreme Court in 2013.

According to the commission, as the cooperative bank’ funds are raised through debentures, Nabard is their main source of finance and their borrowings are guaranteed by the state govt. they are covered under the right to information Act.

Several people had approached the commission seeking its opinion in the matter.

 

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