The Reserve Bank of India has introduced amendments to its KYC norms, streamlining customer onboarding through Aadhaar-based e-KYC, video K...

KYC updation rules eased: The RBI has issued a draft comment on simplifying KYC rules. The proposed rules will make the bank customers' liv...

A money laundering scheme is uncovered. Some business correspondents are exploiting banking loopholes. They misuse payment aggregator APIs....

The Reserve Bank of India mandated banks and payment operators to keep a trail of domestic fund transfers to curb money laundering and frau...

Finance ministry stresses rigorous KYC and due diligence to prevent financial frauds, focusing on data security, safeguarding the financial...

To counter financial frauds like the BoB World app scam, the finance ministry proposes reinforced KYC procedures and due diligence for merc...

This has been done keeping in view the overall objectives of clean note policy and to ensure that all bank branches provide better customer...

State Bank of India (SBI) chairperson Arundhati Bhattacharya says that if borrowers want to know what EMIs they have to pay, they can opt f...

The entire notion of the last mile could change as the Mor panel sees a greater role for smaller intermediaries and telecom companies than ...

Seashore Group, accused of cheating depositors of Rs 300-400 cr, puts in bid of -0.06% to become banking correspondent for Odisha.

Little wonder that every five years, we start wondering how to solve the last-mile problem in Indian banking.

RBI may permit banks to engage any individual to act as business correspondent, a move that will provide more flexibility to banks for taki...

Interest rates have bottomed out and rates will harden after six months. For now, the interest rate movement will depend on inflation. High...