In the 80’s and 90’s, a lot of films had the concept of a secret Swiss account held by a politician or a corrupt government official, and the mission always was to either get the corrupt minister in some way or to get details of the secret account. Typically, Swiss banks (as well as banks in many other regions that are known as tax havens and where ill-gotten wealth is hidden) will not reveal data until it can be conclusively proved that there is something illegal involved in all this.
Another haven where such a banking setup exists is the small country of Liechtenstein, a small landlocked country between Austria and Switzerland. It also has a banking setup which is seen as a haven for people seeking to store their money, and hence a target for people wanting to investigate corruption. Now imagine, that the Indian Government can freely obtain such information about bank records; won’t any Government jump at the chance to obtain such information and unmask people who have salted away their money.
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India has always had a problem regarding Bangladeshi immigrants, including about deciding what to do with them. In the states neighboring Bangladesh, particularly Assam, this has caused major problems including a long agitation against their presence. The increasing influx of these immigrants has also caused changes to the demography of many districts in these states. Even if they are immigrating for the purpose of economic betterment, no country can accept an unprecedented influx of outsiders, and for a long time, the security agencies have been claiming that they are a security problem as well. Bangladesh has active terrorist bases inside it, and many of recent blasts in India have been blamed on these groups by the police and intelligence agencies.
In addition, the intelligence agencies believe that these migrants are susceptible to being picked up the terrorist groups and made active members who will connive at planning for blasts, being members of active terrorist cells as well as providing support as sleepers. Over a period of time, various courts (including the Supreme Court) and even the Central Government appointed Governors have asked for a policy to urgently identify these immigrants and deport them back to Bangladesh.