BANK SIDBI Grade A (General) Phase I Mock Test 2024 Current Affairs Business and Economy Economic and Financial Affairs
What is the primary purpose of integrating Central KYC Records Registry (CKYCR) in the updated Master Directions?
1
To enable automated credit scoring of customers.
2
To reduce the requirement for customers to submit repetitive KYC documents.
3
To exclude high-risk accounts from banking services.
4
To provide risk-weighted capital for customer accounts.
5
To prioritize corporate accounts over individual customers.