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LATEST NEWS UPDATES | Do not force us to do Aadhar seeding, it is against spirit of democracy: Largest bank officers' body -Arun Janardhanan

Do not force us to do Aadhar seeding, it is against spirit of democracy: Largest bank officers' body -Arun Janardhanan

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published Published on Oct 24, 2017   modified Modified on Oct 24, 2017
-The Indian Express

In the implementation of the Pradhan Mantri Jan Dhan Yojana, public sector banks and regional rural banks have opened 29.13 crore accounts as against 96 lakh accounts by the private banks.

Chennai:
The All India Bank Officers Confederation (AIBOC), the largest body representing over 3,25,000 officers, opposed the Centre’s move making Aadhaar mandatory and forcing bank officers to do Aadhar seeding. When the matter is subjudice in the Supreme Court, “the urgency of the government in its implementation is uncalled for and against the true spirit of democracy,” AIBOC said in a statement.

The body said banks are already reeling under acute shortage of staff and the employees and officers are overburdened. In the implementation of the Pradhan Mantri Jan Dhan Yojana, public sector banks and regional rural banks have opened 29.13 crore accounts as against 96 lakh accounts by the private banks. In Mudra loans, the former has disbursed Rs 79,687 crores against the latter’s Rs 38,772 crores. More than Rs 62.58 lakh Mudra loans have been processed by the public sector and regional rural banks. Bhim (an initiative to make India cashless), Jeevan Jyothi (a government-backed life insurance scheme), Jyoti Bima, Suraksha Bima (a government-backed accident insurance scheme) and Sovereign Gold Bond are some of the other schemes public sector banks have been made to use their resources without any return, the body said.

The AIBOC has now opposed the Centre’s move following a direction to banks to complete Aadhaar seeding and also open Aadhaar enrolment centres in its branches. “It is understood that government has instructed the banks to ask its staff and officers to work on holidays to complete the task. The responsibility for any mistake will be on the officer who authorises and he or she is not trained for the same. Moreover, SC has given an interim order saying that Aadhaar should not be made mandatory. The banks should not be taken to task when final judgement comes in the light of the Right to Privacy judgment. At a time when the resources of the public sector banks are under severe strain and under closer public scrutiny, employing their resources on Aadhaar seeding will further constrain Public Sector Banks in their efforts of recovery of Non-performing Assets (NPAs), which eventually will further deteriorate the health of the banks besides attracting negative opinion among the public,” the statement said, adding that Banks have not been paid any reimbursement for these expenses. “The officers and staff have also not been paid compensation for working on holidays and for late sitting.”

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The Indian Express, 24 October, 2017, http://indianexpress.com/article/india/put-mandatory-aadhaar-linking-with-bank-accounts-on-hold-aiboc-4900442/


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