Page 7 - Banking Finance December 2018
P. 7

BAN  U  A





           BANK N


















            Ban   of  Maharashtra                  as s  an s to  se  a haar e    to a thenti ate

            posts net profit of Rs. 27        B   enefi iaries
                                              he       has c arified to  an s that  adhaar e    can  e  sed to a thenti
             rore
                                                                       cate  eneficiaries of  o ern ent s  sidies and
            Ban  of Maharashtra has reported a
                                                                        e fare sche es  hi e for other c sto ers ph si
                             net  profit  of
                                                                       ca   adhaar card can  e  sed for  erification  a
                             Rs.27   crore
                                                                       so rce said.
                             a ainst  a  net
                                                                        he  adhaar iss in  a thorit   ni  e  dentifica
                              oss of Rs.
                                                                       tion   thorit  of  ndia          rote to the  an s
            crore in the precedin    arter.   ta
                                             recent   c arif in  the instances and  odes in  hich  adhaar can  e  sed  and
             rite  ac  of Rs.   crore  a ainst
                                             a cop  of the sa e  as a so sent to the Reser e Ban  of  ndia  a senior
            Rs.7  crore in the  ear a o period
                                             officia  said.  he        rote to  an s after it recei ed  e a  opinion on the
             oosted the  an  s  otto  ine.  ts
                                              atter  in the  a e of a recent   pre e  o rt  erdict that restricted the  se
            net interest inco e ed ed  p   per
                                             of  adhaar    pri ate entities   t c eared it for  e fare sche es.
            cent  ear on  ear to Rs.      crore
            in the reportin    arter ended  ep    he       infor ed the  an s that the  can  se  adhaar a thentication for
            te  er     2     a ainst Rs.       eneficieries of  o ern ent s  sidies and  e fare sche es  and  isted  ario s
            crore in the  ear a o   arter.    options  for the  se of  adhaar  s ch as   ic  Response or  R code and off ine
                                              adhaar  for other  an in  c sto ers in the  i ht of   pre e  o rt   d e ent
             orporation Ban   ets            in the  adhaar case  said the officia   ho did not  ish to  e na ed.
            M M  a ar                         h sica   adhaar card can  e  sed for  erification in an off ine  ode if prod ced
                                              o  ntari    it c arified.  hen contacted              a  Bh shan  ande  to d
             orporation Ban  has  a  ed the
                                               here are  ia  e and co p ete   paper ess and di ita  options a ai a  e thro  h
             Best  M M
                                             di ita    si ned e ectronic for  of  adhaar  hich a  o s identit  to  e  erified
            Ban     inner
                                             on ine  itho t pin in  o r ser er.  nd thro  h s ch  ethods the ser ices can
            2     a ard in
                                              e sea  ess   and di ita    offered     an s for non  B  c sto ers .  e a so
            stit ted    the
                                             confir ed that       s  ie s ha e  een sent to  an s   t did not e a orate on
              s s o c h a   .
                                             detai s.
             hi anand  e  ar    M  recei ed
            the a ard fro   hief Minister of
                                                  Ban  to  e rena e  as       irst Ban
            Me ha a a  onrad    an  a at the
                                                  Ban  has proposed to chan e its na e to        irst Ban   td  as it is in
              th   ssocha    M s    ce  ence
                                             the process of a a  a atin  non  an in  financia  co pan   apita   irst  ith
              ard   2     in  e hi.
                                             itse f.
             B            CE |                                                             DECEMBER | 201  |
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