Till last year, ALL BANKS are made/forced to share the data with ITD/RBI/....
Due to the changes made THIS YEAR, without their involvement or cooperation, RBI/ITD/GST/MCA.... HAVE DIRECT GLOBAL ACCESS to ALL SERVERS N DATABASES of all banks.
REPORTING, thus, NOW IS FULL N AUTOMATIC. NO EXCEPTIONS. NO Hiding or no selective reporting. In fact, it is no longer REPORTING - it is now PULLING OUT of data.
Money Laundering, Hawala, Enforcement Directorate officials have now direct access.