State Bank of Patiala becomes registrar for UIDAI -Governance Now

State Bank of Patiala becomes registrar for UIDAI

UID to help minimising frauds, multiple financing and mis utilization of banking channels

PTI | February 15, 2011

The State Bank of Patiala (SBOP) today said it has signed a MoU to become a Registrar for the Unique Identification Authority of India.

The bank has become a partner in the efforts of UIDAI in enrollment of residents under the UID Project and will assist the authority at various stages of the project, SBOP Managing Director Ashok Nayar said.

SBOP will engage enrollment agencies approved by UIDAI for capturing biometric and demographic data of the residents and for issuing UID numbers, he said.

Giving further details of the project, Nayar said participation in the UID Project will help to minimise frauds, multiple financing and mis utilisation of banking channels by correct and proper identification of the customers.

He said the bank would set up a "core team" to oversee the implementation of UID Project in the identified places.

The bank has planned to fit together the Financial Inclusion Plan with the UID enrollment for new customers. It will also facilitate issuance of 'Aadhar' number for its existing customers, enabling the bank to deploy Aadhar-based services across various delivery channels like ATMs, he added.

Comments

Other News

The Geography of India’s inflation

India today finds itself in an unusual position. At a time when geopolitical conflicts, trade fragmentation, and supply-chain disruptions are reshaping the global economy, the country`s macroeconomic fundamentals remain relatively upwards. Growth remains among the highest in the world, inflation has larg

How to listen to the great storytellers that the trees are

The Trees of My Country: A Natural History of India in 50 Trees By T. R. Shankar Raman, with illustrations by Manali Patil Aleph Book Company, 284 pages, Rs 1,499

This tree in Bihar turns out to be the oldest accurately dated banyan

A banyan tree in Munger, Bihar, estimated to be around 700 years old, has been identified as the oldest accurately dated banyan tree, Ficus benghalensis, using radiocarbon dating, a method that relies exclusively on scientific evidence rather than historical records or local lore. Banyan

Corporate Governance 3.0: What the boardroom of 2030 will look like

The phrase "corporate governance" often evokes images of board meetings, compliance checklists, and regulatory filings. For years, governance was viewed primarily as a mechanism to prevent fraud, protect minority shareholders, and ensure regulatory compliance. However, the events of the last deca

India, Japan open "a new chapter in special strategic and global partnership"

India and Japan are opening a new chapter in their special strategic and global partnership with the visit of prime minister Sanae Takaichi, India`s prime minister Narendra Modi said on Thursday, "I had said in the G7 summit a few days ago that, in this environment of

AI studies sun images to track bright solar regions

Artificial Intelligence has been used to trace the shift in magnetically active patches on the Sun from 1916 to 2007 by scanning 100 years of hand-drawn Sun records from the Kodaikanal Solar Observatory (KoSO). This could give a much longer view of how solar activity changes over time.