Monday, February 20, 2012

RBI asks banks to formulate UCI code for customers

The Reserve Bank of India has advised banks to consider putting in place unique customer identification (UCI) numbers for customers and filter out multiple banking facilities availed by them through a de-duplication exercise.......

“The banks could also work jointly to set up a shared database which would enable them to securely see information on a customer (KYC information and facilities availed from various banks etc.) based on a unique identifier i.e. his Aadhaar ID,” says KC Chakrabarty, Deputy Governor, RBI

RBI asks banks to formulate UCI code for customers - Indian Express

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