NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday said work is on for implementing common KYC which can be used for undertaking various financial transactions across institutions.
"There is a central repository which takes care of central KYC. We are also now working in such a way that once you have given your KYC, it can be applicable at various institutions at various times for various requirements that you may have. And you may not have to do it each time even if the businesses are slightly different that you're engaged in," she said.
