RBI revises KYC norms, makes Aadhaar-bank a/c linkage must
The RBI has revised its Know Your Customer (KYC) guidelines, making Aadhaar key to conducting customer due diligence by banks and finance companies. The RBI has discarded sections relating to use of other "officially valid documents" by lenders for address and identity proof. However, the new norms are subject to the final judgment by the Supreme Court on Aadhaar.