New Delhi, May 8 -- The chief of the capital markets regulator, Sebi, Tuhin Kanta Pandey, recently said the regulator plans to launch a unified KYC across all financial institutions nationwide by July this year.

It is being designed on the lines of the government's 'One Nation One KYC' plan across the financial sector. Union Finance Minister Nirmala Sitharaman also recently batted for a unified KYC framework while addressing Sebi's 38th foundation day event on 25 April.

This, Sitharaman pointed out, is a long-pending reform that has been discussed at meetings of the Financial Stability and Development Council.

This is important for investors to access an improved financial services experience with secure, portable KYC across financial ...