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KYC REGISTRY
RBI fines Canara Bank for violations related to KYC, inactive accountsThe Reserve Bank of India has taken action against Canara Bank, slapping a substantial Rs 41.8 lakh fine for failing to comply with Know Yo...- Telcos urge TRAI to regulate OTT apps as spam shifts onlineTelecom firms report most spam now bypasses regulations via internet apps. They urge the regulator to bring these platforms under control. ...
- RBI slaps Rs 10.10 lakh penalty on City Union Bank, 2 more entitiesThe Reserve Bank of India has levied fines on three financial entities. City Union Bank faced a penalty for incorrect loan charges and data...
- Nifty Bank crashes 900 points as SBI, IndusInd, Yes Bank, other lender stocks tumble up to 4%. What lies ahead?The Nifty Bank index plunged nearly 900 points, driven by weak earnings from State Bank of India and broader market sentiment. SBI shares l...
- RBI imposes penalties on YES Bank, Hinduja Housing FinanceThe RBI said the bank failed to put in place a system of using KYC Identifier assigned by Central KYC Records Registry for the purpose of e...
- Regulators against bankers, insurers trading in commodities: Tuhin Kanta PandeyIndia's banking and insurance regulators are against allowing lenders and insurers to trade in commodity markets due to valid concerns, acc...
- Lenders need OTP consent for KYC data accessThe Central KYC Registry will mandate OTP-based consent for sharing customer data from May 9, 2025, adding a security layer to prevent misu...
- PSU banks plan common video KYC hubState-run banks are planning to establish a common video KYC hub to integrate their processes with the central KYC registry (CKYCR) to enha...
- Revamped Central KYC system to be launched: Expected to ease KYC for investorsCentral KYC: The government has announced that the central KYC registry is set to be revamped in 2025. Central KYC Records Registry said in...
- Budget: Govt to launch KYC Registry in 2025. All you need to knowThe Centre will launch an updated Central KYC Registry in 2025, featuring AI-based matching algorithms and secure electronic formats for st...
- Think beyond masked Aadhaar: Mandatory masking of all KYC identifiers to prevent CKYC data fraud, check detailsCentral KYC (CKYC): The deadline to implement masking of know your customer (KYC) details in the CKYC database has been extended to January...
- IRDAI extends CKYCR to legal entitiesAs the CKYCR is now fully operational for individual customers, it has been decided to extend the CKYCR to Legal Entities (LEs), regulator ...
- Now, CKYC in MFs: What it means for youCentral KYC Registry, or CKYCR, will re place the existing multi ple KYC submission pro cesses one needs to go through for various fi nanci...
- ET In the classroom: CKYC in Mutual FundsCentral KYC Registry or CKYCR will now replace the existing multiple KYC submission process while opening savings bank accounts.
- RBI asks banks to upload KYC with central registry from Jan 1Regulated entities other than banks are to upload the KYC data pertaining to all new individual accounts opened on or after from April 1, w...
- Will centralised KYC make investing easy?A central KYC registry will help banks, mutual funds, brokerage firms and depository participants offer services without asking customers t...
- Submit KYC documents just once for all account openingSoon, completing KYC requirements with one bank will be good enough for opening an account.
- Government to announce Central KYC Records Registry entity soonRBI said an announcement by the government naming the entity, which will function as the Central KYC Records Registry, is expected shortly.
- Central registry to store records of a customer to be established this monthThe permanent account number, Aadhaar, passport, driving licence or national population registry number will count as proof of identity.
- Centralised KYC registry can happen after UCIC issuance: RBISetting up of a centralised KYC (know your customer) registry for the entire financial sector will be possible only after implementation of...
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