The Supreme Court has issued notifications to the RBI, SEBI, the center and other authorities about a plea that a centralized portal is looking for people to gain access to an extensive list of all financial assets – active, sleeping, non -operative or inactive – Across -regulated entities | Photocredit: Deepika Rajesh/The Hindu
The Supreme Court sought answers from the Reserve Bank of India (RBI) and others on Monday to a plea that is looking for instructions to set up a centralized portal for access to an extensive list of all financial assets, whether active, inactive, sleeping or not held in operation.
A bank of Justices Vikram Nath and Sandep Mehta voted to hear in the plea and issued notifications to the RBI, the Securities and Exchange Board of India (Sebi), the center and others, looking for their answers to the petition, and placed the case before hearing after four weeks.
Focus on small investors and deposits
The person’s lawyer said the court that the case relates to small investors or deposits.
“Like today, the RS is 3.5 Lakh Crore of money,” said the counsel, adding that the amount was not returned to the rightful investors.
The lawyer told the bank that they had first approached a high court about the issue.
“The Supreme Court said it is a very important issue, but it is that the authorities see it and no judicial interference is justified,” the lawyer added.
The bank heard a plea that was submitted by one Aakash Goel.
Nominated details and family reports
The plea has asked a instructions about the authorities involved to issue guidelines on regulated entities to report rules to record minimal details about the candidate for each financially actively.
It has also sought instructions to set up or facilitate a seamless system, in coordination with the Ministry of the Interior and the Department of Food and Public Distribution, to enable the regulated entities to know about the death of the account or power holder and to communicate appropriate after the family members in cases.
The plea has asked a instructions about the authorities involved “to set up a centralized portal, so that individuals, after completing e-KYC requirements, to gain access to an extensive list of all financial assets, either active, inactive, sleeping or not in operation, held over entities by the respective regulator”.
Published on October 6, 2025
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