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    Question

    Which of the following entities is to perform the

    functions of the Central KYC Records Registry (CKYCR)?
    A CERDAI Correct Answer Incorrect Answer
    B GESAI Correct Answer Incorrect Answer
    C CERSA Correct Answer Incorrect Answer
    D URSAI Correct Answer Incorrect Answer
    E CERSAI Correct Answer Incorrect Answer

    Solution

    The Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) is to perform the functions of the Central KYC Records Registry (CKYCR). The CERSAI will receive, store, safeguard and retrieve know your customer (KYC) records in digital form for a client, as against other KYC Registration Agencies (KRAs) such as Computer Age Management Services (CAMS) and Karvy, which maintain KYC information provided by investors on their individual systems and verified in person.

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