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RBI easing KYC norms to remove hurdles in opening new bank accounts


 The Reserve Bank of India is looking to remove hurdles faced by customers in opening new bank accounts. 

In its bid to make the process hassle-free, a team of senior officials from the RBI, including its Executive Director B. Mahapatra, Regional Director, Sadakkatadulla and the Banking Ombudsman Sujatha E. Prasad, were in the city to seek suggestions from the public. Coimbatore is the second city for the visiting team.

They were in Cuttack last Friday. Mahapatra said the team would visit Mysore in the first week of July. While suggestions poured in plenty, Mahapatra maintained that he did not really get good suggestions.
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