Authorization for HDB Financial Services Limited to Conduct Aadhaar Authentication.
26 September 2024
The Central Government, exercising powers under the Prevention of Money-laundering Act, 2002, has granted HDB Financial Services Limited permission to perform authentication under the Aadhaar Act. This decision follows consultations with the Unique Identification Authority of India and the Reserve Bank of India, ensuring that the reporting entity meets required privacy and security standards. The authorization is deemed necessary for compliance with the Money-laundering Act.
