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India to roll out common customer ID for banks, insurers; mutual funds to follow, sources say - Reuters

India is implementing a unified customer identification system across banks and insurers, with mutual funds scheduled to join later, aiming to streamline KYC compliance and reduce duplication.

Spin 40% Claim Present in Source AI Risk Moderate

Reuters Banking / Fintech via Google News

Jul 24, 2026

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01 India to roll out common customer ID for banks, insurers; mutual funds to follow

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