Thursday, November 04, 2010

Central information Commission Orders SBI to Publish Bank’s Loans Manual

The Central information Commission has asked State Bank of India to publish bank's manual on loans and advances pertaining to micro and small enterprises on its website and put these under Right to information Act. It is to mention that Chakradhar Panigrahi of Mumbai asked information under RTI act from State Bank of India, Mumbai on 08.05.2010 but SBI refused to give information to Chakradhar Panigrahi giving reason that sought information it was exempted from disclosure under Section 8(1)(d) of the RTI Act. Chief Information Commissioner A.N. Tiwari after hearing both sides has decided on November 4, 2010 vide CIC/AT/A/2010/000596 that the policies and procedures
followed by the Bank in matters of microfinance touch the lives of millions of people.

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