Private Banks, Insurance companies should be brought under the provisions of RTI Act.
Private Banks flout even RBI directives and go unscathed because they have a specialized wing that lobbies with RBI, apart from no regard to the Law of the Land where frauds and criminal acts are carried out without any fear or concern of punitive laws.
Insurance companies flout IRDA norms and directives for the same reason as do the private banks.
Most frauds, illegal and criminal acts are carried out by some of these private banks and insurance companies as a daily routine and no action is taken by either RBI or IRDA who actually put up the visage of being helpless or in extreme cases impose measly and negligible penalties which these fraudsters easily manage from the public money they hold and without any hindrance.
These private banks and insurance companies go out of the way albeit illegal, to protect their frauds and the employees who assist in such activity are rewarded with promotions, perks etc. etc.
These private banks fraudulently implicate unconcerned persons also to protect their frauds , fabricate, forge signatures and when complaints are lodged they mock a redressal process where no redressal is meant to be provided. The dispute redressal mechanism is mocked only to please the so called regulators like RBI, IRDA etc. as these regulators do not take punitive action but even go out of the way to assist in evading the punitive actions.
When the concerned account holder seeks explanation or documents or information as to how and why such unconcerned persons are implicated or illegally brought into the picture through fake, forged documents instead of remedial measures, these banks and insurance companies take a stand that the seeker is not a customer and that they are not obligated by any law to give the information or explanations.
These fraudulent banks and insurance companies have a panel of outsourced lobbying persons who take care of managing no damage to these banks or insurance companies from consumer courts, police and even the Govt. through favors which may be by way of cash or in kind.
As it is the public money that these private banks and insurance companies are misusing and also deceiving customers, they should be brought under the purview of the RTI Act and should not be allowed to evade.
Public has every right to know what these private banks , insurance companies are doing with public money specially when these are branching into various activities of mutual funds, shares, partnering with vendors for gains of commissions or service charges etc. more
Insurance companies flout IRDA norms and directives for the same reason as do the private banks.
Most frauds, illegal and criminal acts are carried out by some of these private banks and insurance companies as a daily routine and no action is taken by either RBI or IRDA who actually put up the visage of being helpless or in extreme cases impose measly and negligible penalties which these fraudsters easily manage from the public money they hold and without any hindrance.
These private banks and insurance companies go out of the way albeit illegal, to protect their frauds and the employees who assist in such activity are rewarded with promotions, perks etc. etc.
These private banks fraudulently implicate unconcerned persons also to protect their frauds , fabricate, forge signatures and when complaints are lodged they mock a redressal process where no redressal is meant to be provided. The dispute redressal mechanism is mocked only to please the so called regulators like RBI, IRDA etc. as these regulators do not take punitive action but even go out of the way to assist in evading the punitive actions.
When the concerned account holder seeks explanation or documents or information as to how and why such unconcerned persons are implicated or illegally brought into the picture through fake, forged documents instead of remedial measures, these banks and insurance companies take a stand that the seeker is not a customer and that they are not obligated by any law to give the information or explanations.
These fraudulent banks and insurance companies have a panel of outsourced lobbying persons who take care of managing no damage to these banks or insurance companies from consumer courts, police and even the Govt. through favors which may be by way of cash or in kind.
As it is the public money that these private banks and insurance companies are misusing and also deceiving customers, they should be brought under the purview of the RTI Act and should not be allowed to evade.
Public has every right to know what these private banks , insurance companies are doing with public money specially when these are branching into various activities of mutual funds, shares, partnering with vendors for gains of commissions or service charges etc. more
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I echo the opinion on the effective implementation of the RTI ACT by the CIC or CPIO or the APIO or for that matter any such nodal body in any sphere of public interest. People were hitherto resigned to a situation when they were kept in total darkness on the goings on but RTI Act has made its mark to the extent that there is answerability assigned. Information is now made available to the public along with related documents only because of RTI Act which was not so before RTI Act came into picture. As to the qualitative nature of the information provided, it becomes imperative on the seeker of the information to make best use of what was provided and take up the matter before relevant fora as provided by Law. We are all law abiding citizens and bear with the nuances of seeking justice where in most cases justice is not delivered. BUT do we have any alternative to the laid down law or practices? Who has to take the responsibility when even the Govt. does not deliver its responsibility of ensuring the Fundamental Rights of citizens are protected at all levels. There are several Acts of Law where the provisions of such laws are flagrantly flouted to favor the offenders more and not the victim. We as people have groomed such an environment of compromised life while talking tall on not compromising because we believe in pseudo living which sounds good but does not feel good to experience. more
Apr 04
I agree with Shri Ram Upadhyay. RTI Act is being treated as Joke where there is no relevancy of the replies to the information sought. Sometime if we carefully analysed that while the information asked has straight simple English, the response submitted makes a feeling that who has appointed a 5th class person as CPIO. The least is commented about CIC, the better it is. more
Apr 03
It is worthy of consideration. But RTI commissioners are also enjoying time and doing little against those who are flouting the RTI rule. they have failed to deliver result. more
Apr 03
