Overview

• At an SBI-run saturation camp in Rangwasa near Indore, Sanjay Malhotra urged banks to meet a 100% re-KYC target under the ongoing national push through September 30.
• He called for responsible use of digital banking and UPI, warned about cyber fraud, and promoted a Bank at Your Doorstep model using village-level camps.
• Stalls by major banks, the RBI, Centre for Financial Literacy, and Self Help Groups enabled live KYC updates and enrollments in schemes such as PMJJBY and the Atal Pension Yojana.
• Organizers reported roughly 1,000 attendees despite heavy rainfall, with residents using services for KYC, insurance, pension coverage, and nominations.
• The RBI Governor said India, now the world’s fifth-largest economy, is on track to become the third-largest.