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RBI Fines 4 Banks For Violating KYC Norms
The Reserve Bank of India (RBI) has imposed a penalty of Rs 1.75 crore on four public sector banks, over non-compliance with KYC (know-your-customer) requirements and norms issued by it for opening of current accounts. The central bank imposed a fine ...
Rbi Fines 4 Banks For Violating Kyc Norms

Digital Wallets, NBFCs May Soon Be Able To Access Aadhaar Based e-KYC
Financial Technology Companies may soon be allowed to access Aadhaar database to perform KYC verification. The Economic Times reported that a revenue department note has been circulated that hints that entities providing non-banking financial services, (that are bound by the Prevention ...
Digital Wallets Nbfcs May Soon Be Able To Access Aadhaar Based Ekyc
KYC Compliance Deadline For E-Wallets Extended By 6 Months
Bringing relief to the e-wallet companies, the Reserve Bank of India (RBI) has extended the deadline for compliance with Know Your Customer (KYC) norms by six months for prepaid payment instrument (PPI) issuers. The deadline was earlier set as 28 February. ...
SBI Customers Complete KYC As Else You May Not Transact
KYC or know your customer is a process to simply not let anybody take undue advantage from your account and recently SBI is sending messages to all its customers to complete the process, as if left unattended to, the customer with ...
Sbi Customers Complete Kyc As Else You May Not Transact
BSNL Introduces Alternate Digital KYC For New Customers
Bharat Sanchar Nigam Limited (BSNL), state-run telecom major, has introduced alternate digital KYC (know your customer) procedure for new customers across different circles. Anupam Shrivastava, Chairman and Managing Director of BSNL is quoted in a PTI report as saying, "We have ...
Bsnl Introduces Alternate Digital Kyc New Customers
Mutual funds To Not Use Aadhaar-Based Authentication For KYC
Similar to telecom companies, now the UIDAI body has asked mutual fund industry including the various asset management companies, online distributors and registrar and transfer agents (R&T) to discontinue using aadhaar-based authentication to complete KYC or know your customer process for ...
Mutual Funds Not Use Aadhaar Based Authentication Kyc
New KYC Process Required To Delink Aadhaar From Mobile
The Supreme Court last week cancelled Section 57 of the Aadhaar Act which provided that private companies can ask for consumers aadhaar details for identity verification. So, if you have given your aadhaar details to your TSP or telecom service provider ...
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