FM Nirmala Sitharaman pushes unified KYC framework, asks Sebi to lead

Finance Minister Nirmala Sitharaman called for a single know-your-customer system across the financial sector. She asked the Securities and Exchange Board of India to lead this initiative. The minister also urged Sebi to focus on future risks. These include artificial intelligence misuse and cyber threats. A strong defense against cyberattacks is crucial for market stability and public trust.