The Unique Identification Authority of India has withdrawn electronic know-your-customer facilities for multiple Indian banks and authentication agencies for failing to meet targets on enrolment and updating citizen information for its Aadhaar biometric database.
The authority suspended electronic customer verification services for 13 banks and Aadhaar authentication agencies (AUA) last week after it found them performing dismally on their targets, according to three people aware of the development. UIDAI has since restored the facility for ICICI BankNSE -0.51 %, IndusInd BankNSE 1.65 %, RBL Bank and IDBI BankNSE 2.87 % after they assured the authority that they would undertake corrective measures and meet their targets, these people said, declining to be identified.
— source economictimes.indiatimes.com
Hey @RBI. How is @UIDAI allowed to set targets to the banks and why are they allowed to “crack down” for failing ot meet those targets?
“UIDAI cracks down on banks for missing Aadhaar enrolment targets.” This is what a third-rate, crypto-Stalinist bully looks like. There’s no problem that can’t be solved with a side of good, old-fashioned State coercion.