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

“Game” of cricket: Governance lessons from India’s favourite sport

India’s cricket journey is more than a record of sporting triumphs; it is a live case study in strategy, incentives, and equilibrium: the very foundations of Game Theory. As India prepares for its eight-match white-ball series against Australia, the world’s most-watched rivalry will again unfol

In this year of extreme rainfall, climate change has amplified deluge

Southwest Monsoon 2025 recently concluded with ‘above-normal’ rainfall to the tune of 108% of the long-period average (LPA). This is second consecutive year in the last decade to record above normal rains. Climate change has a critical role in driving the rainfall on the higher side, according

This Diwali, as we clean our homes, let`s clean our digital lives too

Every year, as Diwali approaches, I begin my annual ritual of cleaning – opening drawers, cupboards, and those mysterious “boxes of everything” we all seem to have. It starts as an act of tidying up, but it always turns into a little journey of rediscovery. Among the old receipts and forg

Sea leave rise: Multi-level adaptive governance needed to meet the challenge

By the end of this century, global sea levels may rise by more than 1 metre, and the mean sea level rise is expected to increase by 180 mm. Climate change is one of the gravest issues before us and one of the most pressing issues linked to the climate change is the sea level rise. The coastal communities a

Rethinking the funder-practitioner relationship in capacity development

The Human Capacity Development landscape in the social development context has evolved significantly over the years. From the more simplistic term “training,” it has now developed into a much more nuanced concept, “Competency-Based Capacity Building” (CBCB). Yet, one question persis

The economics of smart cities

Imagine a city where trash isn’t trash, energy isn’t wasted, and economic prosperity isn’t achieved at the cost of human wellbeing. A city where every rupee invested in infrastructure yields returns not just in roads and buildings, but in health, jobs, equality, and dignity. Smart city pr

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now





Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter