IDFC First Bank has launched video KYC facility so that customers can open savings accounts without the need to visit a branch office
Markets regulator SEBI on Thursday relaxed compliance norms for depository participants, stock brokers and share transfer agents with regard to the processing of demat request and KYC application amid the coronavirus pandemic
Video KYC brings in the additional benefit of being completely remote, since digital KYC still requires a visit.
E-nomination facility for EPF subscribers launched: Norms, procedures, benefits; all you need to know
Launching of the e-nomination facility is yet another step towards enhancing the digitisation framework aimed at accelerating the settlement of PF and pension claims.
Dematerialisation of financial instruments is customer-friendly given the wide reach of mobile technologies
In 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
Union Budget 2019-20: Fintech firms want digital payments to be incentivised, push towards tech-led infra, tax relaxations
Fintech firms expect the government to usher in a new set of reforms in the upcoming full Budget for the current fiscal
Banks 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
Narendra Modi govt mulling revival of estate duty, BCTT: Banking transactions should be encouraged with incentives
Banking cash transactions should be encouraged and correspondingly cash transactions discouraged through incentives for the former and not through tax on the latter.
Election Commission warning on electoral bonds: Opaqueness defeats idea of clean money in political funding
Electoral bonds scheme, which came into effect in January 2018, had clocked in over Rs 600 crore political funding by October 2018.
Mehul Choksi claims innocence, says not related to two firms involved in over Rs 14,000 cr PNB fraud
In a statement issued by his lawyers, the raids against Choksi were on the basis of "an old and dated (KYC) document" given to PNB
With Aadhaar out-of-bounds, payments industry wants RBI to allow them to use facial-recognition tech for KYC
Facing 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
RBI imposes Rs 1-cr fine on Bank of Maharashtra for non-compliance of KYC, fraud-classification norms
This 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.
Amazon begins doorstep verification of KYC services for e-wallet users; cost of operations to burn hole in firm's pocket
The Unique Identification Authority of India (UIDAI), the Aadhaar issuing authority had asked digital wallets and mutual funds registrars to stop using Aadhaar data
Paytm Payments Bank Ltd in June last year was asked to stop adding new customers after an audit by the RBI that made some observations about the bank's KYC processes
The Cabinet has approved amendments to the Telegraph Act and Prevention of Money Laundering Act.
FICCI and the NITI Aayog on Monday jointly organised a workshop on the 'Online Digital Payments Programme' aimed at capacity building and imparting training to the officials working in this area.
Each operator like Airtel, Vodafone Idea, Reliance Jio, others would carry out the process at two sites, per DoT notification.
Airtel's digital KYC process has begun with select circles including Delhi, UP (East) and UP (West).
Telecom operators seek time till 20 November to roll out new subscriber registration, verification process
The government on 26 October ordered telecom companies to stop using Aadhaar for electronic verification of existing mobile phone customers as well as for issuing new connections to comply with a recent Supreme Court order.