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NBFCs can use Aadhaar-based bank KYC to give loans: Nirmala Sitharaman

The Finance Minister Nirmala Sitharaman today announced that Non-banking financial companies will be permitted to use the Aadhaar based bank mandated KYC to avoid repeating the process for the customers. The Finance Minister said the following in her press conference NBFCs to be permitted to use Aadhaar authenticated bank KYC to avoid repeated processes.

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