The Supreme Court on Friday told RBI to comply with its order to disclose audit reports of banks under RTI Act or face contempt of court proceedings.

A bench of Justices L Nageswara Rao and M R Shah told RBI: “This is your last opportunity.” The bench also ordered RBI to withdraw its non-disclosure policy deeming it violative of its judgment in 2015.

As per 2015 judgment, the central bank is supposed to divulge the annual audit report of the banks which includes status of NPAs and action taken there on. The judgment had mandated the disclosure of audit report under RTI.

The apex court was hearing the plea filed by RTI activist Subhash Chander Agrawal seeking contempt proceedings against RBI Governor for not adhering to the 2015 judgment.

—India Legal Bureau