Telecom firms report most spam now bypasses regulations via internet apps. They urge the regulator to bring these platforms under control. ...

Around 80 lakh women are now ineligible for the Mukhyamantri Majhi Ladki Bahin Yojana. The Opposition claims this is due to a financial cri...

At least once a year, pull a consolidated account statement to see everything in one go: check for overlap across schemes; flag any fund tr...

PPFAS Mutual Fund introduced the Rs 250 choti SIP facility across five schemes to encourage first-time investors and improve financial incl...

Founders and senior industry executives told ET that the new draft guidelines released by the RBI on April 22, if implemented in the curren...

HSBC's top executive Georges Elhedery stated that artificial intelligence will reshape jobs in finance. The bank is actively retraining its...

Holding a stock is not an act of blind faith. It is not refusing to change one’s mind. It is not averaging down because the stock has falle...

The Reserve Bank of India has fined IIFL Finance Rs 3.1 lakh for not returning surplus amounts from gold auctions to borrowers. Appnit Tech...

The Reserve Bank of India has eased rules for non-bank entities facilitating outward remittances. Prior approval from the RBI is no longer ...

One of the industry’s most recognisable voices on investing, Radhika Gupta, MD and CEO, Edelweiss Mutual Fund, has helped shape both her fu...

The Nifty Bank index plunged nearly 900 points, driven by weak earnings from State Bank of India and broader market sentiment. SBI shares l...

The 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...

We are living in times when the morning may see conciliatory exchanges between the US and Iran, leading to a cooling in crude oil prices. B...

If there is no negative development over the next few days, there is unlikely to be pressure on a large part of the market. It is, in fact,...

Finance Minister Nirmala Sitharaman called for a single know-your-customer system across the financial sector. She asked the Securities and...

While imposing a penalty on Bandhan Bank, the RBI said the bank failed to carry out periodic review of risk categorisation of certain categ...

Banks are not the only entities that would be well served by implementing know-your-customer (KYC) norms.