Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1991)

2017-10-14 Banking

1991.

Which bank has introduced strict know your customer (KYC) norms?

HDFC

RBI

Axis

SBI

Answer: Option

Explanation:

As per the latest set of guidelines for E-Wallets, Reserve Bank of India (RBI) has introduced strict know your customer (KYC) norms which has evoked mixed response from digital wallet companies. E-Wallet firms have been instructed to ensure KYC compliance of existing users by December 31, 2017.