Aadhaar card to reduce bank fraud

There has been $3 billion loss in the past year due to fraud in the banking sector and the linking of bank accounts with Aadhaar can drastically reduce such frauds, said A.B. Pandey, chief executive officer of Unique Identification Authority of India ( UIDAI), while speaking at the fifth Global Conference on Cyber Space (GCCS) in the national capital.

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