"INCOME TAX DEPARTMENT OF
INDIA:'Time has come to make PAN Card Number mandatory for opening
any types of Accounts in any PSU or Private Banks of India.' RESERVE
BANK OF INDIA:'To recover the Black Money and to implement Uniform
Taxation System, the PAN Number of a Person must be treated as the
one and only one Unique Customer ID or CIF for that person to do any
Banking Transactions from any Banks of India.'
CIBIL:'If any Bank Manager disburses loan to a customer who is having
a Sub-Standard or Poor Ratings as per CIBIL Report Card, then a
show-cause letter must be issued to that Bank Manager and may be
given severe punishment also in due course.' FINANCE MINISTRY:'We
will implement everything step by step. First, we will make PAN Card
Number, Voter/Aadhar Card Number and Mobile Phone Number mandatory
for opening any Account in any Banks of India.'"-Arindam Sain
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