India In Focus - SC issues notice to RBI on pleas alleging violation.

The Supreme Court Friday sought RBI's response on two pleas seeking contempt proceedings against the central bank and its former Governor Urjit Patel for non-disclosure of information under RTI about some banks. A bench headed by Justice L N Rao issued a notice to the Reserve Bank of India (RBI) for not disclosing information about the list of banks on whom certain fines were imposed for violating some banking rules. The court has asked RBI to file reply within four weeks and listed the matter for hearing in March. The pleas, filed by Girish Mittal and Subhash Chandra Agrawal, claimed that RBI and Patel had "willfully and deliberately" disobeyed the top court's judgement asking the central bank to disclose...