Mumbai, Nov. 4 -- State Bank of India plans to launch a centralised know-your-customer (KYC) portal by the end of FY26 to make onboarding smoother across its product lines. The move will enable customers to complete their KYC process once, allowing them access to all its products and services without the need for repeated verifications.

"We will provide KYC as a service," chairman C.S. Setty said at the sidelines of a conference to announce the bank's Q2FY26 results.

SBI's move comes amid growing calls to simplify the KYC process, which, though essential to prevent fraud and update customer data, has long been seen as a compliance burden.

The requirement for re-KYC is more frequent in the case of public sector banks with large volumes ...