Page 6 - Kyc

Sebi comes out with new guidelines for KYC Registration Agencies

Under the notified rules, such agencies will have to maintain an audit trail of the upload/modification/download with respect to KYC records of clients

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?

TMS Ep129: KYC challenges, digital transactions, Raamdeo Agrawal, NEFT

What are the KYC challenges facing financial institutions? How have digital transactions changed in India? What opportunity does Raamdeo Agrawal see in markets? What is NEFT? All answers here

Banks told to tighten monitoring, have ironclad KYC to avoid new 'Jamtara'

Banking sources indicate there have been brazen violations of Section 17 of the RBI's Master Direction on KYC norms

Top headlines: LIC virtual road shows underway, Ukraine tensions drag on

Regulator asks commercial banks to make KYC ironclad as frauds rise. More on that story in our top headlines.

Now, make central KYC registry fully operational

When you change your address or carry out any other KYC formality with one entity (say, your bank), this information should spread to ­all entities

Sebi notifies KRA rules; mandates audit trails of client's KYC records

The markets regulator has notified new norms to make them responsible to carry out independent validation of the KYC records uploaded onto their system by the Registered Intermediary (RI).

RBI extends deadline for periodic KYC update to March 31, 2022

The central bank had relaxed the rules first in May last year due to the pandemic

Aadhaar linkage to demat KYC: Finish these compliance tasks before Dec 31

Failure to do so could result in penalties or lead to hassles later in financial planning

Indian Bank launches video KYC facility enabled by VCIP technology

The Video KYC facility further simplifies the subsequent steps and would deliver the cheque book and ATM card to the registered address of a customer

How to safeguard yourself from financial frauds, online and offline

Cyber Crime: There's very little you can do at your end, apart from being more vigilant. But certain things that you should do can make a lot of difference

Reserve Bank of India cautions against frauds in the name of KYC updation

The central bank has been receiving complaints about customers falling prey to frauds being perpetrated in the name of KYC updation.

CoWIN launches new API 'Know Your Customer's/Client's Vaccination Status'

The Co-WIN portal has developed a new API called 'Know Your Customer's/Client's Vaccination Status', the Union health ministry said on Friday.

Sebi gives more time to brokers, clearing members to comply with rules

The watchdog has also given time till December 31 to brokers for operating the trading terminals from designated alternate locations

Sebi gives foreign investors more time to furnish contact, income details

The regulator is also meeting custodians this week to thrash out a solution and address investors' concerns

Full KYC PPIs have to enable interoperability by March 31, 2022: RBI

Customers of full KYC-compliant PPIs issued by non-bank PPI issuers can withdraw a maximum of Rs 2,000 per transaction and Rs 10,000 per month per PPI

NBFCs are key to reaching underserved segments

Most small borrowers don't have other standard KYC documents and hence Aadhaar authentication becomes critical

E-wallets are similar to bank accounts, but more convenient: Experts

Will help those who can't ensure minimum balance

MobiKwik denies KYC breach of 3.5 mn users amid IPO plans, says data 'safe'

According to the researchers, the entire database is available for 1.5 Bitcoin (nearly $84,000) on the Dark Web

Sebi extends Central KYC Registry to legal entities

Sebi on Wednesday asked regulated entities to upload 'Know Your Customer' data pertaining to accounts of legal entities opened on or after April 1, onto the Central KYC Registry