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What is KYC and why is it mandatory to avail many financial services?

What is KYC and why is it mandatory to avail many financial services?

The RBI imposed a fine of Rs 93 lakh on a major private lender last week for rules violations -- including that of Know Your Customer or KYC. But what is KYC? Here’re some insight.

By :Krishna Veera Vanamali

Last Updated : Apr 11 2022 | 7:47 AM IST

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