KYC norms need to be simple, cost effective: Niti Aayog CEO Amitabh Kant

Kant is of the view that India needs low cost, high volume products, interoperability of accounts and flow based lending to give a push to financial integration. “Closed ecosystems with barriers if exit will be detrimental to financial integration,”he warned.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2MQhRs2