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Tuesday, October 19, 2021

KYC norms

KYC NORMS NEWS

Payment operators can’t outsource core management functions: RBI

August 04, 2021 10:38 am

The service provider, unless it is a group company of the PSO, should not be owned or controlled by any director or officer of the PSO or their relatives.

Over 1 lakh national IDs of Indians put on dark net for sale: Cyber intelligence firm

June 03, 2020 4:15 pm

The scanned ID documents indicate that the data may have been leaked from a company's data base in the segment where they have to comply with 'Know Your Customer' (KYC) norms.

Telcos begin rolling out alternate digital KYC process for new connections

November 07, 2018 11:43 am

In the wake of the recent Supreme Court verdict on Aadhaar, the Telecom Department had issued detailed instructions to telcos on stopping the use of Aadhaar-based electronic-know your customer (e-KYC) and had asked them to report compliance by November 5.

KYC norms: Aadhaar, PAN to be made must for bank a/cs if govt asks, says RBI

April 22, 2018 7:46 am

The RBI said periodic updation should be carried out at least once in every two years for high risk customers, once in every eight years for medium risk customers and once in every ten years for low risk customers.

Fake MBBS Admissions: Nine banks under scanner for flouting KYC norms

July 23, 2015 4:58 am

The accused had maintained accounts in these banks in Chandigarh and Panchkula

Revamped Kisan Vikas Patra set to be launched next month

September 11, 2014 1:30 am

The New KVP is expected to have relaxed know-your-customer norms but will continue with its earlier tax treatment.

For the unbanked

August 12, 2014 1:55 am

Financial inclusion mission needs sustained supervision by finance ministry.

FSDC takes stock of progress on unified KYC, demat account

August 10, 2014 1:13 am

The proposals were announced in Budget 2014-15 and are expected to be implemented later this year.

Sebi board to meet today; decision on uniform KYC, revised ESOP regulations expected

June 19, 2014 9:31 am

Sebi is also expected to remove the anomaly in the minimum issue size of IPOs. This is expected to raise over Rs 50,000 crore from sale of excess promoter stake in state-run companies.

Cobrapost expose: RBI fines Axis Bank,HDFC Bank,ICICI Bank for rule violations

June 10, 2013 5:59 pm

Cobrapost had alleged widespread money laundering practices by these banks.