Govt Plans To Simplify, Digitalise KYC Process menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Finance Minister Nirmala Sitharaman chaired the meeting of the Financial Stability and Development Council (FSDC) on Wednesday which discussed the issues related to India's macro financial stability and the preparedness to deal with them.New .
The FSDC also took note of the activities undertaken by the FSDC Sub-Committee chaired by the Governor, RBI, and the action taken by members on the previous decisions of the FSDC.
The FSDC also discussed plans to formulate a strategy to simplify and digitalise the KYC process in the financial sector. Prescribing uniform KYC norms and