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Topic
Common KFS mistakes Lenders made in 2024
Date & Time
Selected Sessions:
Feb 27, 2025 12:00 PM
Description
It’s been over 3 months since the deadline to comply with the new KFS guidelines by RBI. While most Banks and NBFCs have started incorporating KFS - several made key mistakes in the implementation.
Here are the common mistakes we’ve seen so far: -
1. Collecting vernacular declaration instead of localizing KFS: Many lenders persisted with the practice of collecting a vernacular declaration instead of translating their KFS into local languages
2. Only translating the KFS document into a vernacular language—but keeping the rest of the loan journey in English, creating compliance gaps.
3. Using an ‘I Agree’ clickwrap for KFS acknowledgment
Physical KFS execution on pen and paper — leading to high costs, slow turnaround times, and weak enforcement.
We’re hosting a live webinar - where we’ll run through these mistakes AND tell you how to fix them.
Webinar Agenda
- Common mistakes lenders made in KFS implementations
- How you can fix these mistakes
- Examples of successful digital KFS implementations
- Open Q&A
Why Attend This Webinar?
1. See the common mistakes made in implementing KFS flows.
2. Get clear steps on fixing these mistakes before your next audit
3. See how you can execute 100% RBI-compliant KFS in a cost-effective digital manner