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Working to implement common KYC for financial transactions: FM Sitharaman

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Finance Minister, Nirmala Sitharaman, FICCI

Union Finance Minister Nirmala Sitharaman

Arup RoychoudhurySubrata Panda New Delhi/Mumbai
Union Finance Minister Nirmala Sitharaman on Tuesday said work was on for implementing common know your customer (KYC) that 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 at an event organised by

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First Published: Sep 20 2022 | 8:52 PM IST

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