Last Updated: Friday, July 8, 2016 - 15:48
Hyderabad: Central Vigilance Commissioner K V Chowdary on Friday favoured putting in place a network of systems for bank officials to verify the genuineness of data provided to them in KYC forms.
"While there are norms as to what are the things to be taken into account while taking a person as a customer, that you loosely call KYC, in the implementation of it, there are a number of shortcomings," he told reporters here.