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April 25, Wednesday 2018 7:53 PM       

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       Aadhaar cannot stop bank frauds: SC
 
         Posted on :17:54:27 Apr 5, 2018
   
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       Last edited on:17:54:27 Apr 5, 2018
         Tags: Aadhaar, bank frauds, SC
 
New Delhi: The Supreme Court on Thursday observed that Aadhaar cannot stop bank frauds, adding, officials seemingly are hand in glove with the fraudsters.
 
The top court's five-judge Constitution bench, headed by Chief Justice of India Dipak Misra, also observed that the Aadhaar can do little to stop it.
 
The Central government has made it mandatory for all financial institutions, including banks, to verify and link Aadhaar of the customers with their accounts. 
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       BUSINESS
Next Article: Real GDP growth will range from 7.4 to 7.9 pct, says RBI
 
 
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Sensex spurts 96 pts in see-saw trade; metals shine  
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Sensex rises over 100 pts, Nifty above 10,500  
Reports of cash shortage defy logic: SBI  
Lenders need to be proactive in monitoring borrowers: RBI  
Loan default: DPIL directors presented before CBI court  
Parliamentary Committee summons RBI Governor amid banking scams  
Pay extra for choosing middle seats on Air India flights  
Govt invites EoI for strategic sale of Bharat Pumps  
China facing possible economic meltdown  
 
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