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Thread: Are Cooperative Banks under RTI

  1. Are Cooperative Banks under RTI


    Does cooperative banks comes under the purview of RTI act?
    If not, why?
    If yes, how?
    Many of them claim to be societies, not banks.



  2. re: Are Cooperative Banks under RTI


    It depends on the structure of Co-operative banks. Some co-operative banks have exclusive finance from parties and some exclusive from RBI/State Govt.
    The rule that applies to all public authorities should be uniformly applied to co-op banks also.
    The yard stick is "Without contribution of such amount, the entity ceases to exist, which is substantial contribution by Govt. as defined in RTI Act for declaring a Public Authority under RTI Act.
    The essence is that government should have substantial contribution in capital of that Co-op bank.

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