“Airtel’s KYC (Know Your Customer) licence has been extended beyond March 31, subject to certain conditions. They will have to give a quarterly report of meeting various provisions under the Aadhaar Act,” said an official from Unique Identification Authority of India.
India’s largest telecom carrier faced a lot of flak when the license of its payments bank for Aadhaar based verification got suspended due to the violation of Aadhaar Act, 2016.
The firm was accused of using customers’ confidential details and opening up of accounts in the payments banks without taking their consent.
A fine of Rs 2.5 crore was levied on the payments bank and due to the fiasco the chief executive, Shashi Arora had to put down his papers.