Current Affairs · Banking Regulations
What is the key digital governance feature of the KYC framework updated by the RBI in April 2025?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Banks exempt from maintaining KYC records
- 2Identity-based KYC verification discontinued
- 3Periodic KYC updation relaxed using DigiLocker/CKYCR✓
- 4Video-KYC made mandatory for all accounts
Correct answer
Periodic KYC updation relaxed using DigiLocker/CKYCR
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