Whether presumptions/projections can be certified and what will be parameter for its accuracy ?
Appellant Mandeep Singh filed RTI’s to the head offices of the Banks for seeking information, whether head office issued any directions that Project Reports, Projected Balance Sheets and CMA data should be certified by Chartered Accountants. RBI and mostly Banks like SBI,SBOP,UNION BANK OF INDIA, PNB, BANK OF BARODA, PUNJAB AND SIND BANK etc replied that no such kind directions issued by head office, irrespective that mostly bank branches in India compels to the borrower to get certified Project Reports and Projected Balance sheets from Chartered Accountants.
Bank of India denied information, appeal against the order filed before Hon’ble Central Information Commission. CIC directs the Bank of India to provide information as per following order.
Central Information Commission,
File No. CIC/SH/A/2014/001168
Right to Information Act,2005
Under Section (19)
|Date of hearing||:||19th June 2015|
|Date of decision||:||19th June 2015|
|Name of the Appellant||:||Shri Mandeep Singh|
|Name of the Public Authority/Respondent||:||Central Public Information Officer,Bank of India,
Head Office, Legal Dept. Star House, Third Floor, C5, G Block, Bandra Kurla Complex, Bandra (East), P B No. 8135, Mumbai 400 051
The Appellant was present at the NIC Studio, Sangrur.
On behalf of the Respondents, Shri Ramadas K, Senior Manager (Law) was present at the NIC Studio, Mumbai.
Information Commissioner : Shri Sharat Sabharwal
This matter, pertaining to an RTI application dated 26.11.2013 filed by the Appellant, seeking information regarding certain bank guidelines in respect of loans, came up today. The Appellant stated that the bank has been asking the applicants for loans for various projects to submit their project reports and project balance sheets certified by a Chartered Accountant. He wanted to know the specific regulations of the bank as per which the above demand is being made by the bank officials. The representative of the Respondents stated that he was not certain whether there were any specific regulations in this regard. However, he would check the position and respond to the Appellant. We direct the CPIO to forward to the Appellant a certified copy of the bank regulations / guidelines, which require loan applicants to submit their project reports and project balance sheets certified by a Chartered Accountant. In case there are no such specific regulations / guidelines, the CPIO should inform the Appellant accordingly in writing. The CPIO should comply with our above directives within fifteen days of the receipt of this order, under intimation to the Commission. Such information, as is provided, should be provided free of cost.
2. With the above directions, the appeal is disposed
3. Copies of this order be given free of cost to the parties