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.”


 

Comments

 

Other News

General Dhiraj Seth takes over as Chief of Army Staff

General Dhiraj Seth, PVSM, UYSM, AVSM, took over as the 31st Chief of the Army Staff (COAS) from General Upendra Dwivedi, PVSM, AVSM, who superannuated after more than four decades of distinguished service to the nation on Tuesday.   General Dhiraj Seth is an alumnus of the N

The women India doesn`t count enough

She runs a tailoring shop from a single room in her house. Every morning she stitches school uniforms, answers queries on WhatsApp, collects payments through UPI and orders fabric online. Officially, she still belongs to India`s informal economy. Yet her enterprise is no longer disconnected from the formal

“Cancer is just a mind game”

Dr. Ananda Shankar Jayant, a Padma Shri awardee, inspired audiences for decades through her mastery of Bharatanatyam and Kuchipudi. But it was her journey through cancer that taught some of life`s most powerful lessons in courage and resilience.

Why Swami Vivekananda is the pathfinder for our times

Swami Vivekananda for Our Times  Edited and compiled by Rajiv Sikri, with Introduction by S. Gurumurthy Rupa Publications, 552 pages, Rs 695  

Five ways to realise the potential of India’s handicraft and handloom sector

India`s economic ambitions are increasingly defined by the industries of the future. Semiconductors, electronics, artificial intelligence and advanced manufacturing dominate policy conversations. Yet one of India`s largest employment-intensive sectors continues to occupy a surprisingly marginal place in ec

Beyond toilets: Why open defecation persists in rural India

Despite the awareness campaigns on sanitation across India, open defecation (OD) is practised openly and widely in both rural and urban areas. Research shows that rural respondents are well aware of the negative impacts of OD, yet this awareness does not lead to toilet construction or use. In rural North I





Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter