Car loan lender, Corporation Bank has signed an agreement with Unique Identification Authority of India. The bank has entered into a Memorandum of Understanding (MoU) under which it will be working as registrars for ‘Aadhar’- the UID project led by Nanadan Nilekani.
As per the agreement entered between both the parties, Corporation Bank will register its clients for the unique identification code by gathering their biometric and demographic details according to the UID terms, the bank stated.
The bank is actively participating in financial inclusion- the need for offering banking amenities to all unbanked parts of the country thus helping become India financially educated.