The Reserve Bank of India, RBI, has relaxed Know-Your-Customers – KYC rules for Non-Banking Financial Companies – NBFCs. In a notification issued from Mumbai Friday, RBI said that the rules have been eased due to practical difficulties and constraints in getting KYC documents at frequent intervals.RBI has said that the full KYC exercise will be required to be done at least every 2 years for high-risk individuals and entities. It added that full KYC exercise would be required to be done at least every 10 years for low risk and at least every 8 years for medium risk individuals and entities.