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Banker's checks

Is it time for a know-your-banker (KYB) norm? Perhaps it is, given the recent scam, wherein the relationship manager of a premier foreign bank duped his high net worth clients.

Money Today        Print Edition: February 2011

Is it time for a know-your-banker (KYB) norm? Perhaps it is, given the recent scam, wherein the relationship manager of a premier foreign bank duped his high net worth clients of nearly Rs 300 crore.

While regulators are busy tightening the know-yourcustomer (KYC) norms for banks, maybe they should devise transparent ways for customers to know who they are dealing with.


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