Amid the second wave of COVID-19 within the nation and its induced restrictions in varied states, the Reserve Bank of India (RBI) on Wednesday, May 5, directed banks and different regulated monetary entities to not impose any punitive motion towards clients for failure to replace KYC (know-your-customer) until the top of the yr. RBI Governor Shaktikanta Das, in an unscheduled speech in the present day, introduced a number of aid measures to sort out the continued coronavirus disaster throughout the nation. (Also Read: RBI Says Loan Moratorium For Small Borrowers – See Who Qualifies )