Latest News on Kyc
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Kyc - Total results - 97
Sep 03, 2019
Fintech panel for legislative changes for issuance of FDs, other instruments in demat formDematerialisation of financial instruments is customer-friendly given the wide reach of mobile technologies
Aug 24, 2019
Govt to allow Aadhaar-based KYC for domestic retail investors; amendments to PMLA to be issuedIn order to improve market access for the domestic retail investors, Aadhaar-based KYC will be permitted for the opening of demat account and making an investment in mutual fund
Jun 01, 2019
Union Budget 2019-20: Fintech firms want digital payments to be incentivised, push towards tech-led infra, tax relaxationsFintech firms expect the government to usher in a new set of reforms in the upcoming full Budget for the current fiscal
May 30, 2019
Banks can use Aadhaar for KYC verification with customer's consent: RBIBanks can use Aadhaar for KYC verification with the customer's consent, the Reserve Bank said Wednesday as it updated its list of documents eligible for identification of individuals
May 27, 2019
Narendra Modi govt mulling revival of estate duty, BCTT: Banking transactions should be encouraged with incentivesBanking cash transactions should be encouraged and correspondingly cash transactions discouraged through incentives for the former and not through tax on the latter.
Mar 29, 2019
Election Commission warning on electoral bonds: Opaqueness defeats idea of clean money in political fundingElectoral bonds scheme, which came into effect in January 2018, had clocked in over Rs 600 crore political funding by October 2018.
Mar 28, 2019
Mehul Choksi claims innocence, says not related to two firms involved in over Rs 14,000 cr PNB fraudIn a statement issued by his lawyers, the raids against Choksi were on the basis of "an old and dated (KYC) document" given to PNB
Feb 27, 2019
With Aadhaar out-of-bounds, payments industry wants RBI to allow them to use facial-recognition tech for KYCFacing difficulties after the Supreme Court ordered that Aadhaar cannot be made mandatory for financial/banking transactions, the payments industry wants the Reserve Bank to allow facial recognition-based software to meet the know-your-customer norms
Jan 16, 2019
RBI imposes Rs 1-cr fine on Bank of Maharashtra for non-compliance of KYC, fraud-classification normsThis penalty has been imposed taking into account the failure of the bank to adhere to directions issued by the RBI, the central bank said in a statement.
Jan 11, 2019
Amazon begins doorstep verification of KYC services for e-wallet users; cost of operations to burn hole in firm's pocketThe Unique Identification Authority of India (UIDAI), the Aadhaar issuing authority had asked digital wallets and mutual funds registrars to stop using Aadhaar data