question_answer

Which of the following is the purpose of introducing 'Know Your Customer' norms by the banks?    [SBI PO 2011]

A)  To bring more and more people under the banking net                            

B)  Identifying people who do not pay income tax

C)  To ensure that the money deposited in banks   has come from genuine sources            

D)  To ensure whether the money deposited in the & bank is of an India or a foreign national     

E)  None of the above