Business Standard

Tuesday, December 24, 2024 | 09:10 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Aadhaar can do little to stop bank frauds: Supreme Court slams Centre

The Central government has made it mandatory for all financial institutions, including banks, to verify and link Aadhaar of the customers with their accounts

Supreme Court

Photo: Wikipedia Commons

ANI New Delhi

The Supreme Court on Thursday observed that Aadhaar cannot stop bank frauds, adding, officials seemingly are hand in glove with the fraudsters.

The top court's five-judge Constitution bench, headed by Chief Justice of India Dipak Misra, also observed that the Aadhaar can do little to stop it.

The Central government has made it mandatory for all financial institutions, including banks, to verify and link Aadhaar of the customers with their accounts.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 05 2018 | 4:25 PM IST

Explore News