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RBI`s announcement today by Mr. Shekhar Bhandari, Kotak Mahindra Bank
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Below are Views On RBI`s announcement today by Shekhar Bhandari, President –Global Transaction Banking, Kotak Mahindra Bank
“RBI’s measures announced towards rationalisation of KYC norms, especially extending scope of V-CIP, will enable banks to step up customer on boarding, as also enhance customer experience. Credit to MSMEs will increase given the relaxation announced for NDTL. Allowing PSL classification for credit to entities such as vaccine manufactures, and their importers, priority medical devices manufacturers, hospitals etc. is a fantastic step toward enabling the nation to fight the covid-19 pandemic.”
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