Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.148)

148. 

Which bank becomes 1st bank in India to allow video Know your customer (KYC) facility for customers opening savings accounts on banks digital banking platform?

[A]. UCO Bank
[B]. Kotak Mahindra Bank
[C]. Indian Bank
[D]. Punjab and Sind Bank

Answer: Option B

Explanation:

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.

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