by AIP Online Bureau | May 23, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Regulation, Risk Management, Technology
“In order to further ease the process for the convenience of customers, the instructions regarding updation/periodic updation of KYC are being amended with the intent , inter alia, to allow BCs to facilitate in the process of KYC and KYC updation,” he...
by AIP Online Bureau | May 4, 2025 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
Tuhin Kanta Pandey,chairman , SEBI The Central KYC is an online database that maintains KYC records of customers in a centralised manner, aiming to streamline compliance across financial institutions Elaborating on Sebi’s AI-powered surveillance capabilities,...
by AIP Online Bureau | Apr 30, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology
A bench of Justices JB Pardiwala and R Mahadevan said the changes in digital KYC guidelines for people with disability, including blindness, and acid attack survivors are necessary as they are unable to complete the KYC process and avail facilities like opening bank...
by AIP Online Bureau | Mar 17, 2025 | Eco/Invest/Demography, Indian News, Regulation, Technology
Other areas where the banks need to focus on from a customer service perspective are misselling, digital frauds, and aggressive recoveries practices, said RBI Governor Sanjay Malhotra Mumbai: Reserve Bank of India (RBI) Governor Sanjay Malhotra on Monday asked banks...
by AIP Online Bureau | Dec 2, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
Expressing concern over the rising sums of money lying in such accounts, the RBI said its supervisory inspections have revealed a slew of problems due to which accounts are becoming inoperative or get frozen Mumbai: The RBI on Monday asked banks to...
