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

Income Tax dept holds Ghatkopar Outreach on new IT Act

The Income Tax Department organised an outreach programme in Ghatkopar, Mumbai, to raise awareness about the key features of the Income Tax Act, 2025, effective April 1, 2026. The initiative is part of a nationwide effort to promote taxpayer awareness, simplify compliance, and strengthen a transparent, eff

Making AI work where governance is closest to people

India’s next governance leap may not solely come from digitisation. It will come from making public systems more intelligent, more adaptive, and more responsive to the dynamics at the grassroots. That opportunity is especially significant at the panchayat level, where governance is not an abstract po

Borrowing troubles: How small loans are quietly trapping youth

A silent crisis is playing out in the pocket of young India, not in stock markets or government treasuries, but in smartphones of college students and first-jobbers who clicked on the Apply Now button without reading the small print.  A decade ago, to take a loan, you had to do some paperwor

A 19th-century pilgrim’s progress

The Travels of a Sadhu in the Himalayas By Jaladhar Sen (Translated by Somdatta Mandal) Speaking Tiger Books, 259 pages, ₹499.00  

India faces critical shortage of skin donors amid rising burn cases

India reports nearly 70 lakh burn injury cases every year, resulting in approximately 1.4 lakh deaths annually. Experts estimate that up to 50% of these lives could be saved with adequate access to skin donations.   A significant concern is that around 70% of burn victims fall wi

Not just politics, let`s discuss policies too

Why public policy matters Most days, India`s loudest debates stop at the ballot box. We can name every major leader and recall every campaign slogan. Still, far fewer of us can explain why a widow`s pension is delayed or how a government school`s budget is actually approved. That


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter