Kyc Norms

Centre may announce Aadhaar-based KYC norms for small savings schemes

The simplified KYC, along with small savings rates for the April-June 2023 quarter, may be announced on March 31, the official said

Paytm Wallet now universally acceptable on all UPI QRs, online merchants

Homegrown Paytm Payments Bank, the largest issuer of KYC wallets (prepaid instruments) with over 100 million users, on Monday announced that its full KYC wallet customers will be able to make payments

RBI fines Amazon Pay (India) Rs 3 cr for not complying with PPI & KYC norms

Ola Financial Services, Obopay Mobile and Manapurram Finance other entities

Finance ministry pulls up PSBs over mis-selling of insurance products

Banks have been advised to ensure '100 per cent' compliance of know your customer (KYC) guidelines while sourcing insurance business

A step-to-step guide to transferring Amazon Pay balance to bank account

Note, however, that you can only do this if you have completed your KYC

Working to implement common KYC for financial transactions: FM Sitharaman

Says developed nations haven't done their bit on climate change

How to check your bank balance using Aadhaar card: A step-by-step guide

Aadhaar is a 12-digit unique identity number provided by the UIDAI to the residents of India after a certain verification process

India's crypto exchanges flouted KYC, money laundering norms: ED

The latest findings by the federal agency have come to light during its ongoing probe into forex violation by at least 11 crypto exchanges

KYC mandatory: What you must know about new rules for MF investments

Brokers will not be allowed to accumulate investors' funds; investors have to verify their personal details online

KYC norms likely for online skill gamers to curb money laundering

If platforms facilitating online gaming with stakes are brought within the PMLA's purview, such companies would have to follow the know your customer (KYC) norms while onboarding users

What is KYC and why is it mandatory to avail many financial services?

The RBI imposed a fine of Rs 93 lakh on a major private lender last week for rules violations -- including that of Know Your Customer or KYC. But what is KYC? Here is some insight

Monetary policy: RBI to revisit KYC rules after digital lending fraud

RBI Governor Shaktikanta Das said the RBI actions on KYC rules have to be in consonance with the Prevention of Money Laundering Act (PMLA)

KYC challenge for financial institutions

Months after Paytm IPO shook investors' confidence, a recent audit shook RBI's trust in its implementation of 'know your customer' norms. But are all financial institutions adhering to these norms?

'The Account Aggregator framework is a game-changer'

By sharing information digitally and securely through the AA framework, lenders get a host of data points like bill payments and investments to assess creditworthines

Sebi defers diktat requiring foreign investors to disclose KYC details

Most foreign investors do not permit sharing of mobile numbers officially and some consider it as a risk factor if an employee quits and his details remain in official records

Competition Commission paper on blockchain tech spells regulatory risk

In case of permission-less blockchains, network participants may be anonymous or pseudonymous - their identities are not known fully - the CCI discussion paper notes

KYC norms hindering financial penetration

CKYC is failing to have the desired impact due to lack of clear directions from the regulators, and lack of connectivity between the stakeholders and the repository

KYC must for cash purchase of jewellery above Rs 10 lakh, govt clarifies

Govt carified that any purchase of gold, silver, jewellery, or precious gems and stones below Rs 2 lakh does not require PAN or Aadhaar of a customer as mandatory KYC document

From Covid-19 insurance to easier KYC norms: IRDAI's initiatives in 2020

From Corona Kavach to Corona Rakshak, insurance regulator IRDAI made intense efforts throughout the pandemic-disrupted 2020

From KYC to KYB - know your bank

Customers have the right to know their banks as much as the banks do their customers