Thursday, June 19, 2014

What's your address?

..............the Reserve Bank of India (RBI)'s decision advising banks to only ask for one (current or permanent ) address and its documentary proof from prospective customers, while accepting the customer's declaration of the postal address, can be a game-changer if implemented properly. However, the rub lies in expecting banks to verify the postal address through "positive confirmation". They are unlikely to make efforts .........

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