Supreme court’s judgement on Aadhaar and its use by private organizations all but pushed the BFSI sector back to its legacy processes of manual verification. Some sectors saw as much as 40% downturn in the new customer acquisition when compared to the eKYC era.
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In our introductory chapter we took you through the major highlights that RBI master circular on KYC had and how it affected you as a regulated entity.
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