https://www.taxtmi.com/article/detailed?id=9400 Central KYC (cKYC), maintained by CERSAI, centralises customer identity records and issues a unique KYC Identification Number (KIN) to enable interoperable access by regulated financial entities, reduce repetitive in person verification and paperwork, and classify accounts by risk (normal, simplified/low risk, small); however, operational glitches, uneven adoption by financial institutions and branch level re KYC practices have produced duplication and wasted resources, prompting calls for regulatory mandates, enforcement, and inter regulatory coordination to ensure comprehensive data coverage and active use of the registry. en-us Wed, 05 Aug 2020 08:38:26 +0530 Wed, 05 Aug 2020 08:38:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9400 Central KYC (cKYC), maintained by CERSAI, centralises customer identity records and issues a unique KYC Identification Number (KIN) to enable interoperable access by regulated financial entities, reduce repetitive in person verification and paperwork, and classify accounts by risk (normal, simplified/low risk, small); however, operational glitches, uneven adoption by financial institutions and branch level re KYC practices have produced duplication and wasted resources, prompting calls for regulatory mandates, enforcement, and inter regulatory coordination to ensure comprehensive data coverage and active use of the registry. Articles Other Topics Wed, 05 Aug 2020 08:38:26 +0530 https://www.taxtmi.com/article/detailed?id=9400