Kyc

Showing of 1 - 20 from 101 results
Kyc - Total results - 101
IDFC First Bank launches video KYC facility for customers to open savings accounts
Business

IDFC First Bank launches video KYC facility for customers to open savings accounts

IDFC First Bank has launched video KYC facility so that customers can open savings accounts without the need to visit a branch office

SEBI eases compliance rules for processing of demat request, KYC application
Business

SEBI eases compliance rules for processing of demat request, KYC application

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

RBI Digital KYC: Advantages and importance, and how the new norms work
News & Analysis

RBI Digital KYC: Advantages and importance, and how the new norms work

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
Business

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.

Fintech panel for legislative changes for issuance of FDs, other instruments in demat form
Business

Fintech panel for legislative changes for issuance of FDs, other instruments in demat form

Dematerialisation of financial instruments is customer-friendly given the wide reach of mobile technologies

Govt to allow Aadhaar-based KYC for domestic retail investors; amendments to PMLA to be issued
Business

Govt to allow Aadhaar-based KYC for domestic retail investors; amendments to PMLA to be issued

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
Business

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 customer's consent: RBI
Business

Banks can use Aadhaar for KYC verification with customer's consent: RBI

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
Business

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
Politics

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
Business

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
Business

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
Business

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
Business

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 resumes KYC process for bank, wallet customers after nod from RBI
Business

Paytm Payments Bank resumes KYC process for bank, wallet customers after nod from RBI

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

Cabinet approves law amendment for voluntary Aadhaar linking with SIMs, bank account
News & Analysis

Cabinet approves law amendment for voluntary Aadhaar linking with SIMs, bank account

The Cabinet has approved amendments to the Telegraph Act and Prevention of Money Laundering Act.

NITI Aayog to hold meeting with digital payments industry on KYC issue
Business

NITI Aayog to hold meeting with digital payments industry on KYC issue

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.

Airtel, Reliance Jio and others to start using alternate non-Aadhaar KYC process
News & Analysis

Airtel, Reliance Jio and others to start using alternate non-Aadhaar KYC process

Each operator like Airtel, Vodafone Idea, Reliance Jio, others would carry out the process at two sites, per DoT notification.

Airtel replaces Aadhaar-based electronic verification with digital KYC process
News & Analysis

Airtel replaces Aadhaar-based electronic verification with digital KYC process

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
Business

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.