Summary:
As banks are facing trouble in linking their customers’s accounts with Aadhaar number, the Indian Banks’ Association has questioned the jurisdiction of the Unique Identification Authority of India in issuing directions to banks under the Aadhaar Act.
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As banks are facing trouble in linking their customers’s accounts with Aadhaar number, the Indian Banks’ Association has questioned the jurisdiction of the Unique Identification Authority of India in issuing directions to banks under the Aadhaar Act.
The association has written to the Ministry Of Electronics And Information Technology, the RBI and the Finance Ministry, arguing that only the central bank is empowered to issue directives to banks under the Banking Regulation Act.
Earlier, UIDAI asked banks to open Aadhaar enrolment and updating facilities in at least a tenth of their branches by the end of August.
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