The Centre will launch an updated Central KYC Registry in 2025, featuring AI-based matching algorithms and secure electronic formats for st...

In its recent meetings, FSDC, chaired by Finance Minister Nirmala Sitharaman, proposed to bring uniform KYC to verify customers, ease inter...

Banks are enhancing their KYC standards by adding extra verification layers to identify accounts and account holders. The plan includes upd...

The Indian government is considering enhancing scrutiny of certain corporates, including those with KYC requirements, to combat unscrupulou...

The Union Finance Minister, Nirmala Sitharaman, chaired the 28th meeting of the Financial Stability and Development Council (FSDC), focusin...

For the interest of investors and ease of transaction in the securities market, the client will be allowed to open an account with intermed...

Government could also put in place a uniform KYC process for exchanges

As the CKYCR is now fully operational for individual customers, it has been decided to extend the CKYCR to Legal Entities (LEs), regulator ...

The banks and gems and jewellery sector have formed a cordination committee, headed by SBI's deputy managing director P N Prasad.

Local brokerages, mutual funds and stock exchanges discussed the financial markets on the second day of deliberations called by the finance...

Domestic financial institutions and MF's pitched for rationalisation of tax provisions to improve ease of doing business in the country.

The sub-committee of the Financial Stability and Development Council (FSDC), headed by RBI Governor Raghuram Rajan, reviewed the major deci...

KYC norms have also been eased, which means KYC verification by one organisation will be accepted by another.

Introduction of uniform KYC norms and inter usability of the KYC records across the entire financial sector will also help in bringing unif...

FM P Chidambaram in his budget speech today said procedures for overseas investors would be simplified besides having uniform KYC norms for...

The finance ministry has proposed replacing the separate ‘know your customer’ checks run by banks and financial institutions with a single,...

With the government facing heat on the issue of black money, the Finance Ministry has begun an exercise to make identification norms unifor...