RBI had asked place restrictions in April last year after finding deficiencies and non-compliances in Kotak Mahindra Bank's ...

“RBI seems to be more supportive of a centralized KYC system, but Sebi insists on having its own additional KYC requirements. As a result, customers and intermediaries like myself have to go ...

The government is also taking significant steps to simplify the Know Your Customer (KYC) process, a key requirement for various financial transactions. As part of the broader digital transformation ...

What are the stipulations regarding periodic updation of KYC? As per RBI’s Master Directions, periodic updation shall be carried out at least once in every two years for high-risk customers, once in ...

Finance Minister Nirmala Sitharaman on Saturday (Feb 1) announced that a new revamped central Know Your Customer (KYC) registry will be rolled out in 2025. While presenting the Union Budget, the FM ...

Budget 2025: Finance Minister Nirmala Sitharaman, presenting the Union Budget 2025 in Parliament today, announced that a revamped Central Know Your Customer (KYC) registry will be rolled out soon, ...

Image Source : PTI Nirmala Sitharaman ahead of Budget 2025 presentation. While presenting the Budget 2025, Union Finance Minister Nirmala Sitharaman said that the government will introduce a New ...

To simplify Know Your Customer (KYC) process for citizens and financial services firms, the government will soon rollout a revamped central KYC (CKYC) Registry-- the centralised database of all ...

A Sion resident received a call for KYC verification of his bank account, but soon realised he had lost Rs 1 lakh in 20 transactions carried out by cyber fraudsters, the official said. “Our probe ...

To implement the earlier announcement on simplifying the KYC process, the revamped central KYC registry will be rolled out in 2025, Sitharaman says. A streamlined system for periodic updating will ...

The Reserve Bank of India's $5 billion 6-month dollar/rupee buy-sell swap auction was oversubscribed five-fold on Friday, with the central receiving bids totaling $25.59 billion from 253 participants.