Friday, June 22, 2012

Gold loan companies insist on efficient KYC practices after RBI missive

Strict 'Know Your Customer' (KYC) norms, prescribed by RBI, are compelling gold loan companies to put in place better customer identification practices. Now, the companies are asking customers to produce Aadhar cards for identification purpose. Leading player Muthoot Finance has already implemented it and other major companies are expected to follow suit..............

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