NBFCs Will be Allowed to Use Aadhaar-based KYC to Offer Loans
The non-banking financial companies will be allowed to use the Aadhaar based identification for an institutional loan going forward. It will avoid the process of repetition for the customers as announced by the Finance Minister of India Nirmala Sitharaman. The announcement related to the use of Aadhaar-based KYC by the non-banking financial companies is a … Continue reading “NBFCs Will be Allowed to Use Aadhaar-based KYC to Offer Loans”
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Learn About the Limitless Importance of Aadhaar Card
The latest amendment passed in July, 2019 on Aadhaar Bill has the provision of a penalty of Rs. 1 crore as well as prison term in case any private entity violates Aadhaar data provisions. Every individual in India need to have Aadhaar Card bearing a unique number. The issued unique number is used to authenticate … Continue reading “Learn About the Limitless Importance of Aadhaar Card”
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