Latest News on Kyc Norms
Showing of 0 - 10 from 14 results
Kyc Norms - Total results - 14
Feb 13, 2019
RBI slaps penalties on 7 banks for non-compliance of norms; Rs 1.5 cr imposed on Allahabad Bank, Bank of Maharashtra, IOBThe Reserve Bank further said Rs 20 lakh fine each on HDFC Bank, IDBI Bank and Kotak Mahindra Bank for non-compliance with various directions on KYC norms and anti-money laundering standards.
Nov 14, 2018
RBI imposes fine of Rs 3 cr each on Deutsche Bank, J&K Bank for non-compliance of various normsRBI said the penalties on these two banks have been imposed taking into account the failure of the banks to adhere to the directions issued by it.
Aug 01, 2018
Reserve Bank of India orders Paytm Payments Bank to stop onboarding customers: ReportPaytm was reportedly asked to remove Renu Satti as the chief executive of its payments bank, with the RBI raising objections about her ability to lead a banking services firm.
Apr 23, 2018
Linking Aadhaar, PAN cards mandatory for opening of bank accounts under new KYC guidelines: RBIIn the amended Customer Due Diligence (CDD) procedure, RBI said, "The Aadhaar number, the PAN or Form No. 60" need to be obtained from an individual who is eligible for applying for the biometric ID.
Mar 09, 2018
RBI slaps Rs 5 cr penalty on Airtel Payments Bank for violation of guidelines, KYC normsThe fine was imposed after RBI scrutinised the Airtel Payment Bank's documents relating to opening of accounts without any specific or clear consent from the customers
Mar 06, 2018
RBI slaps penalty of Rs 3 cr on Axis Bank, Rs 2 cr on Indian Overseas Bank for violation of NPA, KYC rulesThe central bank also said the action on the two commercial banks is based on deficiencies in regulatory compliance.
Jan 03, 2018
Electoral bonds: Narendra Modi govt confers anonymity but nothing in them to attract wily donorsDonors of bonds dare not use their black money for this munificence because they have to be bought from designated branches of the State Bank of India through one’s bank account complying with KYC norms
Jan 02, 2015
Reserve Bank of India eases KYC norms for NBFCsArray
Oct 05, 2014
Lessons learnt? FinMin asks public banks to tighten norms for high value FDsThis is is seen as a move to check the kind of frauds suspected to have been committed at Dena Bank and OBC.
Sep 12, 2013
Sebi eases KYC norms for foreign investorsSebi also classified foreign investors eligible to make portfolio investments in the country under three broad segments as per their risk profile, while putting the government and other sovereign entities in the lowest-risk Category I.