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Thread: State Bank of India cards under RTI net

  1. #1

    State Bank of India cards under RTI net


    September 07, 2007 15:45 IST [Rediff.com]

    <!-- wml_version_starts -->The Central Information Commission has ruled that SBI Cards -- a joint venture between state-owned SBI and General Electric -- is a public authority, allowing customers to seek any information about the entity under the Right to Information Act.

    Disposing of separate applications by SBI Cards customers Arun Kumar Verma and Dileep Ayachit, CIC has directed the SBI to take a decision on setting up a proper information redressal mechanism within 15 days.

    The CIC has given SBI the option to either designate its own officers for providing information about SBI Cards or set up a separate mechanism within the subsidiary to provide information under the provisions of the RTI Act.

    "...SBI, being a public authority, should ensure that some agency is available to answer the citizens when they seek information about their own cards. It can not wash off its responsibility after having allowed SBI Cards to use its brand name and logo," Information Commissioner Padma Balasubramanian said in his decision.

    The card holders filed the application with CIC after SBI and the Reserve Bank of India (RBI) turned down their request for information on the ground that SBI Cards was not a "public authority" within the meaning of the RTI Act.

    The CIC ruled that SBI Cards was a public authority as SBI owns more than 51 per cent shares in the JV.

    State Bank of India cards under RTI net

    http://cic.gov.in/CIC-Orders/Decision_01092007_01.pdf



  2. Re: State Bank of India cards under RTI net


    In the present context when the credit card trend has become a high profile fashion you post is a good information....

    But Is this just a RTI information,,,or we need to discuss it further...Like What is your query ?

    Otherwise its a great information ...SBI CC and RTI ...at least I never knew...

    Good one

  3. Re: State Bank of India cards under RTI net


    Quote Originally Posted by Abhinav Bohare View Post
    ...SBI CC and RTI ...at least I never knew...
    We have had quite some interesting discussions on the matter of SBI cards that was initiated by nile0611 , since April 2007. The same are available in the thread Is it possible to ask information from a public Limited company (posts 14 to 18).


    Quote Originally Posted by sidmis View Post
    "...SBI, being a public authority, should ensure that some agency is available to answer the citizens when they seek information about their own cards. It can not wash off its responsibility after having allowed SBI Cards to use its brand name and logo," Information Commissioner Padma Balasubramanian said in his decision.
    Thank you Siddarth for this quick reporting. The full decision of the IC on this matter is really exhaustive and educative.

  4. #4

    Re: State Bank of India cards under RTI net



    Quote Originally Posted by Abhinav Bohare View Post
    In the present context when the credit card trend has become a high profile fashion you post is a good information....
    But Is this just a RTI information,,,or we need to discuss it further...Like What is your query ?
    Otherwise its a great information ...SBI CC and RTI ...at least I never knew...
    Good one
    Hello Abhinav,
    You can discuss it further if you feel like it. I posted it due to it's relevance to
    RTI and the implications of the decision. As rightly pointed by Ganpat we already
    have extensive discussion on similar issues in this forum.

  5. Re: State Bank of India cards under RTI net


    Quote Originally Posted by sidmis View Post
    we already have extensive discussion on similar issues in this forum.
    Not just similar issues alone. It is on the very same topic of SBI card vis-a-vis RTI Act itself.

  6. #6

    Re: State Bank of India cards under RTI net


    we already have extensive discussion on similar issues in this forum.

    Sorry Ganpat,
    Actually I had refered to the following thread by karira;
    Subsidiary of public authority comes under RTI Act: CIC<!-- google_ad_section_end -->

    Shall we request Forum Admin to merge this thread to the one you are refering?

    Sidmis
    Last edited by sidmis; 07-09-07 at 08:44 PM. Reason: link not working

  7. Re: State Bank of India cards under RTI net


    CIC ruling in SBI case to affect subsidiaries' business

    NEW DELHI: The Central Information Commission's (CIC) ruling to bring SBI Cards under the ambit of Right to Information Act could adversely affect business prospects of subsidiaries of state-owned banks, experts feel.

    After the CIC ruling, subsidiaries of state-owned entities, in which the parent company has more than 51 per cent stake, would have to comply to RTI regulations and provide information to the public, said Diljeet Titus, a senior partner of law firm Titus and Co.

    Although the CIC's ruling is an extension of the established law it will have an implication on the banking sector, he said, adding that in practice it may prompt corporates and individuals to shift accounts to private banks to preserve business confidentiality.

    Terming it as an "important and sensitive judgement", Rodney D Ryder, partner of corporate law consultants Fox Mandal Little, said: "While the judgement is welcome there is no effective counter-check to prevent sharing of financial and private data."

    The CIC needs to clarify on privacy issues that would emerge in cases of disclosure of information relating to banking and financial services enterprises, he said.

    Ryder also suggested enactment of a "counter balancing legislation" to check misuses that are likely to follow the CIC decision to expand the ambit of the RTI Act.

    With the order expected to have a far reaching impact on the country's banking sector, an emerging conflict between the RTI Act and banking secrecy laws is on the anvil, which may lead to more litigation, Titus added.

    <!-- google_ad_region_end=article --></ARTTITLE>
    CIC ruling in SBI case to affect subsidiaries’ business - Banking - Banking/ Finance - News By Industry - News - The Economic Times

  8. Re: State Bank of India cards under RTI net


    Delhi HC stays order

    NEW DELHI: The Delhi High Court on Wednesday stayed the Central Information Commission order which had held that SBI Cards, a joint venture between SBI and GE, is a "public authority" and hence customers can seek any information about the entity under the Right to Information Act.

    Justice S Ravinder Bhatt passed the interim stay order on a petition filed by the SBI Cards and Payments Services Pvt Ltd challenging Commission's order.

    Counsel for SBI Cards Abhinav Vashistha submitted before the bench that the Commission passed the order without giving any opportunity to it.

    The court also issued notices to the Reserve Bank and the two SBI Card customers Arun Kumar Verma and Dileep Ayachit on whose applications CIC had passed the ruling.

    During the course of hearing, counsels of both parties apprised the court that similar petitions were pending in the High Court, filed by different entities like BSES, IGL, DERC, Kribhco, Association of Indian Universities challenging CIC's order which brought them under RTI purview and all these matters are scheduled for hearing on November 23 and 27.

    The court tagged SBI Cards' petition along with the aforesaid petitions and would now be heard on November 23.

    Earlier in the first week of September, the Commission, while disposing of separate applications by SBI Cards customers Arun Kumar Verma and Dileep Ayachit, had directed the SBI to take a decision on setting up a proper information redressal mechanism within 15 days.

    It had given SBI the option to either designate its own officers for providing information about SBI Cards or set up a separate mechanism within the subsidiary to provide information under the provisions of the RTI Act.

    SBI Cards under RTI net: Delhi HC- Politics/Nation-News-The Economic Times

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    Defeat is not final when you fall down. It is final when you refuse to get up.

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