Question: Who amongst the following has recently suspended e-KYC license of Bharti Airtel and Airtel Payment Bank, as a strong action against it?
(a) SEBI
(b) RBI
(c) UIDAI
(d) IRDA
Answer: (c)
Related facts
- On December 16, 2017, the Indian Unique Identification Authority (UIDAI) suspended their e-KYC license temporarily, taking rigid action against Bharti Airtel and Airtel Payment Bank.
- UIDAI has taken this action due to allegations of alleged misuse of the base e-KYC based SIM verification process on Bharti Airtel.
- Airtel has alleged that it opened its bank accounts without proper consent of its customers, while they came to get their SIM based base KYC.
- At the same time, the Authority has also expressed serious objection to these allegations that the company was also affiliated to the payment bank accounts to get LPG LPG subsidy.
Reference:
http://www.thehindu.com/business/Industry/uidai-suspends-airtel-airtel-payments-banks-ekyc-licence/article21822439.ece
https://uidai.gov.in/images/news/UIDAI_stalls_Airtel_and_its_banks_eKYC_service_19122017.pdf
https://uidai.gov.in/images/news/Rs_167_Cr_deposited_in_Airtel_bank_without_users_conse