Current Affairs - Banking - Discussion

Kotak Mahindra Bank becomes 1st bank in India to allow video Know your customer (KYC) facility for customers opening savings accounts on Kotak 811 - the banks digital banking platform. The initiative is presently being launched on a pilot basis for savings accounts, Kotak Mahindra. With Video KYC, verification of documents, signature are completed via a video call with a representative from the bank without any physical interface.