by AIP Online Bureau | Jul 24, 2026 | Eco/Invest/Demography, Indian News, Technology
The new system, known as Central Know-Your-Customer 2.0 (CKYC), will only require the customer’s consent for these institutions to fetch data stored at a central registry when opening an account or updating their details. Mumbai: Indian banks and insurers will...
by AIP Online Bureau | May 15, 2026 | Indian News, Regulation, Risk Management
Sanjay Malhotra,Governor,Reserve Bank of India “The FSDC-SC reaffirmed its commitment to enhancing financial sector resiliencethrough inter-regulatory coordination; and keeping a close watch on emerging challenges, including those from heightened geopolitical...
by AIP Online Bureau | Jan 1, 2026 | Data, Regulation, Technology
A revised KYC form has been introduced, which can be used not only for KYC compliance but also for updating mobile numbers, email addresses and residential addresses, as well as for reactivation of the Document Identification Number (DIN). New Delhi: The Corporate...
by AIP Online Bureau | Sep 16, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy
This has resulted in the opening of over 61 lakh new Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts and more than 2.6 crore fresh enrollments under the three Jan Suraksha social security schemes, reflecting a strong momentum towards universal financial inclusion, the...
by AIP Online Bureau | Jun 27, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management, Technology
The RBI has asked the acquiring bank to carry out due diligence of all ATOs before onboarding the AePS Touchpoint Operator (ATO), which is the same as the one followed while acquiring a customer, as per the directions. Mumbai: The Reserve Bank on Friday issued...
