India, April 2 -- The Government of India issued the following news release:
Shri. M. Nagaraju, Secretary, Department of Financial Services (DFS) chaired a meeting today at Manthan, DFS to discuss the revamp of the Central KYC Records Registry (CKYCR) and key issues related to Know Your Customer (KYC) compliance with the objective of making life of citizen comfortable while availing Financial Services. The meeting included senior officials from concerned Ministries/Departments, financial sector regulators, financial institutions, and other stakeholders.
In the meeting, Shri. Nagaraju emphasized the need for the modernization of the Central KYC Records Registry (CKYCR) and streamlining of KYC process. Key issues & challenges concerning indi...