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RBI GUIDELINES FOR KYC
Top-level rejig hits mid-cap ITs; Fintechs wary of RBI wallet rulesHappy Thursday! Mid-sized IT firms are realigning leadership teams as AI-driven changes force a rethink. This and more in today's ETtech Mo...- No law bans withdrawal of cryptocurrency: BinanceIndian crypto exchanges are blocking user withdrawals fearing misuse for money laundering. Global exchange Binance, however, permits free w...
- RBI's new draft guidelines have digital wallets feeling the pinchFounders and senior industry executives told ET that the new draft guidelines released by the RBI on April 22, if implemented in the curren...
- NRI but using resident savings account? Here’s what you must know about NRE, NRO, and FEMA rulesNRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significan...
- RBI rejects NBFC pleas on funds, norms tighteningThe Reserve Bank of India has rejected several suggestions from Non-Banking Finance Companies. Equity investments in group entities will no...
- RBI proposes measures to strengthen Prepaid Payment Instruments frameworkThe Reserve Bank of India is introducing new rules for Prepaid Payment Instruments. These changes aim to boost the long-term growth of thes...
- RBI fines Pine Labs Rs 3.1 lakh for KYC lapses on prepaid payment instrumentsThe move follows a statutory inspection of the fintech’s operations conducted between July 2024 and May 2025. The RBI clarified that the ac...
- KYC, Unlock Kar Diya Jaye: Customer ID verification framework is making life difficult for the poorPoor people are facing increasingly more challenges due to stringent KYC norms, leading to many being unable to access their bank accounts....
- RBI cancels registration of Nagpur-based Zavron FinanceThe RBI has cancelled the certificate of registration of Zavron Finance due to irregular lending practices, including outsourcing core deci...
- Fresh KYC process can be done through video, says RBI"Fresh KYC process can be done by visiting a bank branch, or remotely through a Video based Customer Identification Process (V-CIP) (wherev...
- RBI issues new digital lending guidelines for banks, lenders to protect borrowersRBI has issued guidelines for digital lending apps. As per the guidelines issued by the central bank, the aim is to protect borrowers from ...
- New offline KYC rules will ease fintech's pains for nowThe banking regulator’s move has opened up opportunities for the fintech sector, with innovative means of leveraging the Aadhaar database.
- RBI mulls live video authentication for customer verificationRBI proposed a method of using XML internet format to extract limited information Aadhaar database.
- RBI slaps Rs 5 crore penalty on Airtel Payments Bank for violation of normsThe fine was imposed after RBI scrutinised the bank's documents relating to opening of accounts without any specific or clear consent from ...
- Telcos with payments bank licences like Jio, Airtel need to do fresh KYCThis could be a big positive for the non telecom payment banks like Paytm or Fino, who have been doing KYC formalities of their customers f...
- New RBI plan could bring bad news for m-wallets like Paytm and MobikwikFull KYC even for small-ticket transactions will be a big deterrent to use of these m-wallets, as it will increase customer acquisition cos...
- RBI imposes Rs 1 crore penalty on Dhanlaxmi BankThe penalty was levied for violation of RBI guidelines on Know Your Customer and Anti Money Laundering standards.
- RBI may investigate private banks on cobrapost.com allegationsThe website alleged that – HDFC Bank, Axis Bank, and ICICI Bank - agreed to help an individual who posed to front-man for politicians to co...
- RBI fines 48 banks for violation of KYC, AML norms in six monthsIn the first six months of 2011, the apex bank has slapped penalties on 48 erring banks, mostly co-operative, as compared to just 15 such a...
- Banks play safe, keep off FDs from non-clientsBanks are turning away potential customers due to a misinterpretation of RBI's ‘Know Your Customer’ norms. Will the tide turn for the stock...
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