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KYC DIGITALISATION
FM Nirmala Sitharaman pushes unified KYC framework, asks Sebi to leadFinance Minister Nirmala Sitharaman called for a single know-your-customer system across the financial sector. She asked the Securities and...- Financial sector regulators to work on universal KYCFinancial sector regulators, led by the RBI, are developing a universal KYC framework with the CKYCR to streamline verification processes. ...
- FM Nirmala Sitharaman asks regulators to expedite refund on unclaimed deposits, streamline KYCFinance Minister Nirmala Sitharaman urged regulators to expedite unclaimed deposit refunds and streamline KYC processes during the 29th FSD...
- SC’s e-accessibility order to push firms on digital inclusivityThe order confirmed that digital tools used for compliance must correspond with the provisions of the Rights of Persons with Disabilities A...
- India at forefront of digital revolution, says RBI Deputy Governor PatraIndia's digital economy is booming, with fintech driving digital payments and e-markets expanding rapidly. Deputy Governor of Reserve Bank ...
- Make EPFO faster, higher, strongerEmployees' Provident Fund Organisation (EPFO) has been grappling with high claim rejections and inefficiencies. Despite ongoing improvement...
- KYC rules to change: Uniform KYC for all — opening bank account to buying insurance to investing in stocks, mutual fundsIn its recent meetings, FSDC, chaired by Finance Minister Nirmala Sitharaman, proposed to bring uniform KYC to verify customers, ease inter...
- Banks to bring in extra KYC verification layersBanks are enhancing their KYC standards by adding extra verification layers to identify accounts and account holders. The plan includes upd...
- How to avoid rejection of EPF withdrawal claim; Steps provident fund member should takeEPF Withdrawal claim rejection: Many individuals are struggling to get their EPF money at the time of withdrawal. The reason for rejection ...
- Govt may look at enhanced KYC requirements for certain class of corporatesThe Indian government is considering enhancing scrutiny of certain corporates, including those with KYC requirements, to combat unscrupulou...
- Plans afoot to digitalise KYC, curb illegal online lendingThe Financial Stability and Development Council (FSDC), led by Nirmala Sitharaman, plans to digitalize the KYC process and curb unauthorise...
- FSDC holds 28th meeting; to formulate strategy to simplify and digitalise KYC process in financial sectorThe Union Finance Minister, Nirmala Sitharaman, chaired the 28th meeting of the Financial Stability and Development Council (FSDC), focusin...
- Retail investors driving India's stock market surge: What has changed over the years?For the typical Indian individual, savings were limited to risk-free avenues, such as bank accounts, FDs, and PPFs.
- RBI to launch pilot for 'Public Tech Platform' on August 17The platform would enable linkage with services such as Aadhaar e-KYC, land records from onboarded state governments (Madhya Pradesh, Tamil...
- Exim Bank launches factoring subsidiary in GIFT cityExim Bank has launched India Exim Finserve, its subsidiary, in GIFT City, Gujarat. The company will provide a range of services for Indian ...
- Infibeam Avenues posts Rs 13 cr net profit in Q1Its gross revenue more than doubled to Rs 216 crore in the first quarter of the current fiscal compared to Rs 98 crore in the corresponding...
- Tablet shipments in India dip 11% in 2017 to 3.2 million units: IDCShipments tumbled 32% to 717,000 units for the three-month period ended December 2017 from the preceding quarter and were flat when compare...
- Axis Bank suspends some suspicious accounts after being hit by irregularities by its employeesThe bank further said that it has already filed STRs with the FIU-IND about the potentially suspect accounts which were later probed by inv...
- Demonetisation is a masterful stroke by the PM Narendra Modi: Hemendra Kothari of DSP BlackRock MF"Any reasonably advanced countries the 70% to 90% people have invested in GDP of that particular country are in the mutual fund side where ...
- Trai to stick to August 23 deadline for DAS rolloutTrai is not budging from its August 23, 2013 deadline for full implementation of the DAS within the cable TV network in Kolkata.
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