Even after the Supreme Court of India`s order to disclose information on wilful defaulters and audit reports on banks, the Reserve Bank of India is yet to take any solid step towards its implementation. The central bank has been silent on whether information on wilful defaulters and audit reports should be made open to the public if a concerned bank decides against the transparent sharing of such disclosures. The central bank has recently written to select banks seeking feedback from them on revealing to the public the RBI`s audit and inspection reports on them under the Right to Information or RTI Act. The matter in discussion is the Supreme Court ruling in April that pulled up the bank regulator on not providing information on defaulters and inspection reports to the public under the RTI Act. This is the second time that the apex court was warning the banking regulator. It had said that any future violation of transparency law would be viewed seriously and that it was giving the regulator “the last opportunity” to provide information to the public under the RTI Act on defaulters and audit and inspection reports of banks and other financial institutions.