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National Securities Depository press pause on e-sign services for some companies
News & Analysis

National Securities Depository press pause on e-sign services for some companies

eSign allowed customers to be onboarded remotely and digitally by NBFCs and digital stockbrokers.

Government working on a plan to ensure e-PAN approvals in less than 10 minutes
News & Analysis

Government working on a plan to ensure e-PAN approvals in less than 10 minutes

The Income Tax department is working on a plan to establish a real-time PAN processing centre.

Union Budget 2018-19: It's time to usher governance reforms in banks, bring sector back on track
Business

Union Budget 2018-19: It's time to usher governance reforms in banks, bring sector back on track

The recognition of e-KYC can also aid in boosting the productivity of bank resources and save costs involved in manual procedural formalities.

Digital wallets may become invalid by end-February due to non-compliance with RBI's KYC norms
Business

Digital wallets may become invalid by end-February due to non-compliance with RBI's KYC norms

Since there is no option of e-KYC for digital wallets and the RBI has not said anything clearly about the alternate KYC mechanisms, the firms are now in limbo

Airtel, Reliance Jio and others to start using alternate non-Aadhaar KYC process
News & Analysis

Airtel, Reliance Jio and others to start using alternate non-Aadhaar KYC process

Each operator like Airtel, Vodafone Idea, Reliance Jio, others would carry out the process at two sites, per DoT notification.

LPG subsidy row: Airtel Payments Bank says it has received approvals from RBI, UIDAI to resume taking new customers
Business

LPG subsidy row: Airtel Payments Bank says it has received approvals from RBI, UIDAI to resume taking new customers

Aadhaar-issuing authority UIDAI has allowed it to use the 12-digit unique identification number-based e-KYC, Airtel Payments Bank said in a statement

Does the laudable purpose behind Aadhaar justify its irresponsible implementation?
News & Analysis

Does the laudable purpose behind Aadhaar justify its irresponsible implementation?

The State is not serving its people if it sets up a system for their benefit and then pushes ahead with it, regardless of its actual effects on them.

Deadline for linking Aadhaar with welfare schemes extended till 30 June
India

Deadline for linking Aadhaar with welfare schemes extended till 30 June

The decision came a day after the government also extended the deadline for linking Aadhaar with PAN for the fourth time till 30 June.

Bharti Airtel tells NPCI: Will return Rs 190 cr LPG subsidy to original bank accounts of customers
Business

Bharti Airtel tells NPCI: Will return Rs 190 cr LPG subsidy to original bank accounts of customers

Govt acted swiftly in LPG subsidy matter and UIDAI, in a stern move late last week, temporarily barred company from conducting Aadhaar-based SIM verification

Aadhaar-based authentication is
News & Analysis

Aadhaar-based authentication is "fully safe and secure": UIDAI

According to UIDAI there has been no incident of misuse of Aadhaar biometrics leading to identity theft and financial loss.

UIDAI notifies Airtel for opening its customers' payment bank accounts without taking their 'informed consent'
News & Analysis

UIDAI notifies Airtel for opening its customers' payment bank accounts without taking their 'informed consent'

Also, certain complaints were made to UIDAI alleging that Airtel opened payments bank account without approval and the said account was then linked for receiving LPG subsidy.

Sixty lakh users in Bengal and Kolkata circles have linked Aadhaar to their SIM cards: Vodafone
News & Analysis

Sixty lakh users in Bengal and Kolkata circles have linked Aadhaar to their SIM cards: Vodafone

Vodafone said the facility of linking existing mobile number with the Aadhaar, is available at all retail touch points.

ICICI plans to make about 600 villages in India digitally-enabled this year
News & Analysis

ICICI plans to make about 600 villages in India digitally-enabled this year

The 100 villages which have been transformed into 'ICICI Digital Villages' are located across 17 states in India.

Aadhaar eKYC verification: Telecom ministry asks companies to link over 1 billion mobile numbers
News & Analysis

Aadhaar eKYC verification: Telecom ministry asks companies to link over 1 billion mobile numbers

All existing subscribers of mobile services will have to go for Aadhaar-based re-verification soon, with the government instructing telecom operators to initiate the process.

After income tax and PAN, Aadhaar mandatory to have a mobile phone connection
News & Analysis

After income tax and PAN, Aadhaar mandatory to have a mobile phone connection

Existing and new mobile phone connections have to be linked to Aadhar says department of telecom (DoT).

All Aadhaar authentication devices will come with new encryption key from June
News & Analysis

All Aadhaar authentication devices will come with new encryption key from June

Unique Identification Authority of India (UIDAI) has said that all devices using Aadhaar authentication will have to adhere to its new encryption standards from June 1.

UIDAI says Aadhaar data base fully safe and secure, dismisses report of
India

UIDAI says Aadhaar data base fully safe and secure, dismisses report of

Dismissing reports of misuse of biometrics data, the government on Sunday said Aadhaar-based authentication is "fully safe and secure".

Trai recommends verification of existing Sim cards using Aadhaar-based e-KYC service
News & Analysis

Trai recommends verification of existing Sim cards using Aadhaar-based e-KYC service

To address security risk of Sim cards obtained with forged documents, Trai wants to verify Sim card holders through the Aadhaar linked e-KYC service.

ICICI Bank will transform 100 villages in 100 days in effort to provide digital ecosystem in rural India
News & Analysis

ICICI Bank will transform 100 villages in 100 days in effort to provide digital ecosystem in rural India

The financial institution has decided to convert all of the 100 villages into 'ICICI Digital Villages' which is in line with the bank's effort to arrange digital ecosystem across the country.

Airtel rolls out 20,000 units of Aadhaar based e-KYC solution across India
News & Analysis

Airtel rolls out 20,000 units of Aadhaar based e-KYC solution across India

The new Aadhaar based digital verification system by Airtel offers convenience to customers and benefits the environment by eliminating use of paper.