Banks say no to sharing data with Natgrid

Last year, RBI held two meetings with Natgrid officials on the matter

danish

Danish Raza | July 11, 2011



The banks will not share details of their customers with the National Intelligence Grid or Natgrid- the project which is going to link various databases of the citizens including the details given on income tax returns, phone records and address proofs.

Natgrid officials have held two meetings last year, on October 1 and December 22 with the RBI and other banks to discuss the matter.

The information has been obtained by Venkatesh Nayak of Commonwealth Human Rights Initiative (CHRI) through the RTI act.

According to the minutes of the meeting which took place on December 22 at the RBI headquarters in Mumbai, “the banks opined that such sharing of information may not be possible given the extant customer confidentiality clause and the possibility of frauds. However, in-case any specific information is passed, banks would comply with the provisions.”


 

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