SBI looking to ease KYC burden: Chairman C S Setty
SBI is collaborating with regulators to simplify its Know Your Customer (KYC) processes, aiming to enhance customer convenience and reduce compliance burdens. This initiative addresses customer complaints about frequent re-KYC requirements, particularly with public sector banks. The bank is also leveraging digital and physical touchpoints to ensure accessible financial services across India.
SBI is collaborating with regulators to simplify its Know Your Customer (KYC) processes, aiming to enhance customer convenience and reduce compliance burdens. This initiative addresses customer complaints about frequent re-KYC requirements, particularly with public sector banks. The bank is also leveraging digital and physical touchpoints to ensure accessible financial services across India. What's Your Reaction?
