Recent Highlights
All Stories for Kyc Norms
Union Budget 2019: KYC norms for FPIs to be eased; listing norms for social enterprises: Nirmala Sitharaman
• 6 years agoSitharaman said investments by FIIs and FPIs in debt securities would be allowed to be transferred and sold to domestic investors in a timely manner.
Budget impact on stock markets: Sensex cracks over 450 points, Nifty declines 122 points in volatile session; power, metal stocks sink
• 6 years agoSensex was trading 458.94 points, or 1.15 percent, lower at 39,449.12 at 1330 hours
Reserve Bank of India fines HDFC Bank Rs 1 crore for not reporting frauds, violation of KYC norms
• 6 years agoReserve Bank of India (RBI) on Tuesday fined country's largest private sector lender HDFC Bank Rs 1 crore for not reporting frauds and non-compliance with other directions
RBI slaps penalties on 7 banks for non-compliance of norms; Rs 1.5 cr imposed on Allahabad Bank, Bank of Maharashtra, IOB
• 6 years agoThe 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.
RBI imposes fine of Rs 3 cr each on Deutsche Bank, J&K Bank for non-compliance of various norms
• 6 years agoRBI 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.
Reserve Bank of India orders Paytm Payments Bank to stop onboarding customers: Report
Fp Staff • 7 years agoPaytm 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.
Linking Aadhaar, PAN cards mandatory for opening of bank accounts under new KYC guidelines: RBI
• 7 years agoIn 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.
RBI slaps Rs 5 cr penalty on Airtel Payments Bank for violation of guidelines, KYC norms
• 7 years agoThe 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
RBI slaps penalty of Rs 3 cr on Axis Bank, Rs 2 cr on Indian Overseas Bank for violation of NPA, KYC rules
Ians • 7 years agoThe central bank also said the action on the two commercial banks is based on deficiencies in regulatory compliance.
Electoral bonds: Narendra Modi govt confers anonymity but nothing in them to attract wily donors
Smurlidharan • 7 years agoDonors 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