Uniform KYC
In a move signalling a shift towards financial sector cohesion, India’s Financial Stability and Development Council (FSDC) has announced plans to standardise ‘know your customer’ (KYC) checks across the industry.
In a move signalling a shift towards financial sector cohesion, India’s Financial Stability and Development Council (FSDC) has announced plans to standardise ‘know your customer’ (KYC) checks across the industry.
The Financial Stability and Development Council took stock of the preparations for the deliberations over financial sector issues to be taken up during India’s G20 Presidency in 2023.
The FSDC is the apex body of sectoral regulators, headed by the finance minister.
The Q2 GDP growth is expected in November end and it will be the decider to see what further directions and policy measures are needed.
India has macro-economic stability on the back of structural reforms like GST and the long term positive impact of demonetisation,…
