KYC simplification

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SBI engaging with regulators, govt to make KYC process more seamless
BusinessLine· 2025-10-08 14:30
State Bank of India (SBI) is engaging with the regulators and the government to make the Know Your Customer (KYC) process more seamless, efficient and digital-first, according to Chairman CS Setty.Setty, who was speaking at the Global FIntech Fest, said: “As millions of new customers join the formal banking system, one challenge stands out — simplifying the KYC and re-KYC process.” So, India’s largest bank, which has a customer base of over 52 crore, is actively working towards KYC simplification — engaging ...