Karnataka Information Commission declares Karnataka State Co-operative Apex Bank a public authority

Change
Karnataka Information Commission designated Karnataka State Co-operative Apex Bank as a public authority under the Right to Information Act, 2005, and directed it to appoint Public Information Officers and First Appellate Authorities and to comply with Sections 4(1)(A) and 4(1)(B) disclosure obligations.
Karnataka Information Commission declares Karnataka State Co-operative Apex Bank a public authority
Why it matters
The order prevents the bank from denying information requests on the basis of its cooperative status and makes its governance and financial records subject to statutory public-access rules. The bank is now bound to accept and process RTI petitions and to publish mandated proactive disclosures, reducing its ability to withhold loan documents and internal oversight records.
Implications
  • Karnataka State Co-operative Apex Bank must designate Public Information Officers and First Appellate Authorities across its offices and implement the proactive disclosure requirements under Sections 4(1)(A) and 4(1)(B) of the Right to Information Act, 2005.
  • The Principal Secretary of the Cooperation Department and the Registrar of Cooperative Societies must monitor and ensure timely implementation of the RTI framework at the Apex Bank.

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Source

The Hindu

Topics

Governance Compliance Banking Regulation

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