Economics · Banking Regulation
Know Your Customer (KYC) guidelines for banks in India are issued under which specific provision?
- 1Section 35A of Banking Regulation Act 1949✓
- 2Section 35 of Negotiable Instruments Act 1881
- 3Section 35A of RBI Act 1934
- 4IBA guidelines
Correct answer
Section 35A of Banking Regulation Act 1949
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