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Does absence of Aadhaar details of a borrower affect P2P lending?
In a recent ruling by the Supreme Court on Aadhaar data usage, private companies have been asked to refrain from seeking the biometric data from its consumers. In such a scenario, some peer-to-peer lending companies think it could affect the time duration required for a borrower to get the loan that they desire since e-KYC would be a time consuming affair henceforth. However, there are companies that do continue with the same efficiency they maintained earlier. Here's why.
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Watch: Key takeaways from SC's Aadhaar verdict
The 12-digit Unique Identification Number was made compulsory for services including bank accounts, PAN cards, cell phone services, passport and even driving licenses.
A five-judge bench led by Chief Justice of India Dipak Misra, Justice A K Sikri, Justice A M Khanwilkar, Justice D Y Chandrachud, Justice Ashok Bhushan pronounced its verdict on the petition filed against the Aadhaar. Samanwaya Rautray of The Economic Times identifies the key takeaways from this verdict.
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►For business news on the go, download ET app:By The Economic Times | 3513 views
आधार पर सुप्रीम कोर्ट का फैसला, अब नहीं देना होगा...। Supreme Court Aadhaar verdict updates
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https://goo.gl/JjK9JnWatch आधार पर सुप्रीम कोर्ट का फैसला, अब नहीं देना होगा...। Supreme Court Aadhaar verdict updates With HD QualityBy IBA News Network | 6707 views
Aadhaar verdict in Supreme Court LIVE Updates: Judgment expected anytime now
Watch Aadhaar verdict in Supreme Court LIVE Updates: Judgment expected anytime now With HD Quality
Aadhaar verdict in Supreme Court LIVE Updates: Judgment expected anytime now
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