SBT launches month-long KYC campaign

 

State Bank of Travancore has launched a month-long campaign highlighting the need for updating of Know Your Customer documents. 

This is being done with a view to creating awareness among customers about the need to update KYC details, an SBT spokesman said here. 

Directives of the Reserve Bank of India and the Centre require that all bank accounts be KYC-compliant by June 30. 

KYC documents, such as ID proof, address proof and latest photograph, will be collected from all customers who have not submitted the same to the bank. 

Mr P. Nanda Kumaran, Managing Director, inaugurated the campaign at a function held at the head office of the bank here. 

He emphasised the need for customers to comply, given the raised level of threat to national security and the scourge of money laundering.

Mr S. Harikrishnan, General Manager and Chief Vigilance Officer, highlighted the importance of observance on KYC. 

He called upon staff to put in their best by forming teams for effective implementation of the process of KYC. 

Mr Rajani Kanta Naik, Deputy General Manager (compliance), proposed the vote of thanks. 

vinson.kurian@thehindu.co.in