ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    тЪб Month End Offer - Flat 52% Off On All Courses! Enroll Now тЪб
    00:00:00 AM Left

    Question

    The Central KYC Records Registry (CKYCRR), which stores

    KYC data for financial transactions across banks, mutual funds, stock exchanges, and other institutions, is managed by which of the following entities?
    A National Securities Depository Limited (NSDL) Correct Answer Incorrect Answer
    B Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) Correct Answer Incorrect Answer
    C Unique Identification Authority of India (UIDAI) Correct Answer Incorrect Answer
    D Securities and Exchange Board of India (SEBI) Correct Answer Incorrect Answer
    E Reserve Bank of India (RBI) Correct Answer Incorrect Answer

    Solution

    SEBI has directed KYC Registration Agencies (KRAs) to update verified KYC information on the Central KYC Records Registry (CKYCRR). CKYCRR acts as a centralized repository for customers' KYC details across various financial intermediaries (banks, mutual funds, stock markets, NPS, etc.). The registry is maintained and managed by CERSAI, which is authorised by SEBI to hold and regulate the centralized KYC records.

    Practice Next
    More Previous Year Paper Questions
    ask-question