Indian Banks’ Association Wants to Be Made Party in Supreme Court Challenge to Aadhaar Validity

Tuesday, October 13, 2015

To protect the interests of the banking industry, Indian Banks’ Association (IBA) on Monday moved the Supreme Court seeking to be made a party in a batch of petitions challenging the validity of the Aadhaar card.

Urging that the outcome of the petitions shall impact the entire banking industry, IBA wants the top court to vacate its August 11 order restricting the voluntary use of unique identification number (UID) scheme to PDS and LPG schemes only.

A five-judge constitution bench will hear all pleas seeking a modification to the apex court’s interim order. The bench comprising Chief Justice HL Dattu and Justices MY Eqbal, C Nagappan, Arun Mishra and Amitava Roy will hear various pleas on Wednesday.

The association, representing around 210 banks and financial institutions, told the apex court that if the interim order was not changed or vacated, it would have wide ramifications on financial inclusion.


Source: The Financial Express (link opens in a new window)

financial inclusion