Page 7 - Kyc

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

Video KYC: Private banks hit the ground the running, while PSBs lag

Contactless identification could be a gamechanger in the post-Covid world

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

Irdai urges use of video KYC with geo-tagging, live photo of customer

In January this year, RBI had allowed banks and NBFCs to complete full KYC remotely. A number of banks have rolled out this service since the RBI's nod

Sebi relaxes guidelines for investment through non-FATF countries

Move to benefit investors from countries and regions like Mauritius, Cayman Islands who are eyeing Category-I licence

From KYC to KYB - know your bank

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

Unjust tirade: Need for soul searching on the state of Indian economy

If the KYC norms are not followed strictly, toxic accounts could creep into the system

This is how you can protect your e-wallet from new wave of KYC frauds

Since RBI has made KYC mandatory, many fraudsters use this as entry point

Street signs: Dabba trading worry for brokers, MFs seek common KYC and more

In dabba trading, brokers cut deals on paper chits, instead of the exchange platform to save costs and steer clear of all regulations

RBI approves Aadhaar-based video authentication as alternative to e-KYC

Video KYC will have to be verified through Aadhaar

Tools to detect frauds have to be far superior, says Infrasoft Tech CEO

Assessment of frauds have taken a shorter time because banks have the systems in place, says Rajesh Mirjankar

No need to declare religion for opening bank accounts: Rajiv Kumar

The clarification comes after a news report suggested that Indian banks may ask depositors and customers to list their religion.

RBI slaps Rs 1.75-crore penalty on Indian Bank for non-compliance

The non-compliance included the opening of savings bank accounts of a co-operative society and non-adherence with directions on KYC

BS Fund Manager: Credit events unlikely to halt industry's growth story

Seven top executives discuss the road ahead for the fund industry, how they plan to restore investor confidence and woo millennials

Linking Aadhaar with social media or ending encryption is counterproductive

The need of the hour is sustained research and development of privacy protecting surveillance mechanisms

Nilekani panel recommends simplifying KYC process for mutual fund investing

Proposes allowing MF investing with KYC-compliant bank account; move will help penetration in B-30 markets

Banks can use Aadhaar for KYC with customer's consent, says RBI

The RBI specifies Know Your Customer (KYC) norms to be followed by banks and other entities regulated by it for various customer services, including opening of bank accounts

Over 1.6 million DINs deactivated for non-compliance with KYC requirements

The deactivated DINs are reactivated only after a particular electronic form is submitted along with the prescribed fee by the individual concerned

KYC non-compliance: Govt deactivates ID numbers of 2.1 million directors

The balance of around 2.1 million individuals failed to comply with the requirement

Cos' directors to furnish personal mobile numbers for verification: Govt

The e-form -- DIR-3 KYC -- would be "notified and deployed shortly" as part of updating the ministry's registry