The department of financial services (DFS) and Reserve Bank of India (RBI) have been sitting on an appeal by the Indian Banks’ Association (IBA) to exempt them from meeting Aadhaar enrolment deadlines, said sources in the know of the matter.

On August 31, the UIDAI extended till November 1 the deadline for banks to do minimum Aadhaar enrolments and updations in identified branches and asked them to ensure that at least eight enrolments or updations are carried out daily in each stipulated branch from November 1, 2018.

Earlier, the targets were eight enrolments or updations in each branch daily from July 1, 2018, 12 per day per branch from October 1, and 16 from January 1, 2019 onwards.

The Act also states that the business of banking may comprise “any other form of business which the central government may, by notification in the official gazette, specify as a form of business in which it is lawful for a banking company to engage”.

 

LEAVE A REPLY