Validate ID of bank loan seekers via UIDAI, Income tax dept: Economic Survey

The Economic Survey 2019-20 suggests the creation of GSTN like entity called PSB Network, use of Machine Learning and Artificial Intelligence to prevent the banking frauds. PSBN can use the I-T dept, UIDAI to validate the identity of the customer.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2u5XkKj