The central bank had relaxed the rules first in May last year due to the pandemic
The watchdog has also given time till December 31 to brokers for operating the trading terminals from designated alternate locations
The RBI had in December said that all regulated entities have to upload 'Know Your Customer' data pertaining to the accounts of legal entities opened on or after April 1, 2021
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
PSBs get Rs 70,000 crore; home, auto loans to become cheaper
Necessary notification for amendments in Prevention of Money Laundering Act would be issued
Out of 3.3 mn active directors, only around 1.215 mn directors completed the KYC process by September 15