Issue unique ID code to customers, RBI to NBFCs

To enable non-banking finance companies (NBFCs) build a centralised know-your-customer (KYC) registry and thereby eliminate the scope for multiple identities, the Reserve Bank of India has proposed that such companies should allot unique identity code for each customer. In a release issued on Friday, it said that the advice follows the proposal made by the Working Group constituted by the Central government. .........

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