Bharat Financial Inclusion Limited recently admitted to disbursing 84,000 loans without customer consent owing to a ‘technical glitch’. Though the bank took some steps upon the receipt of the complaints, there is little regulatory oversight and acknowledgement of these instances in general.
“The use of FRT does not require any anchoring legislation” - The Meghalaya Government
Mr. Lyngdoh, a law student, sent a legal notice to the Meghalaya Govt. seeking reconsideration of use of FRT for pensioners in view of the possible privacy concerns. The Meghalaya Govt. in its response has explained its position which we have analysed.