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RBI proposes to use biz correspondent network to tackle KYC inoperative account issues

RBI proposes to use biz correspondent network to tackle KYC inoperative account issues

by AIP Online Bureau | May 23, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Regulation, Risk Management, Technology

“In order to further ease the process for the convenience of customers, the instructions regarding updation/periodic updation of KYC are being amended with the intent , inter alia, to allow BCs to facilitate in the process of KYC and KYC updation,” he...

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