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SEBI board approves sharing KYC details with fin regulators

Last Updated: Thursday, June 19, 2014, 17:48

To ensure common Know-your-Client system for the entire financial sector, SEBI board on Thursday approved the proposal for sharing KYC details with entities regulated by other financial sector watchdogs.

SEBI notifies norm to make KYC process easier for investors

Last Updated: Wednesday, March 19, 2014, 22:57

Making know-your-client process easier for investors, SEBI has notified a net set of norms that allow various market entities such as brokers and MFs to get details from centralised KYC agencies, rather than carrying out a fresh KYC verification procedure.

The MobileStore offers EMI to users without credit cards

Last Updated: Monday, January 20, 2014, 15:50

The personal finance option, introduced in Mumbai, Delhi, Pune, Kolkata and Chennai, will allow consumers to buy smartphones by submitting their Know Your Customer (KYC) documents, The MobileStore (TMC) said in a statement.

RBI relaxes KYC norms for UCBs to cater to foreign students

Last Updated: Tuesday, September 10, 2013, 23:12

To help foreign students studying in the country to open bank accounts, the Reserve Bank Tuesday extended relaxation in mandatory know-your-customer norms to urban cooperative banks (UCBs) for this purpose.

Aadhaar card valid proof for opening bank account: FinMin

Last Updated: Wednesday, August 21, 2013, 21:59

Aadhaar card is a valid proof for opening a bank account under the know your customer (KYC) norms, government said Wednesday.

UIDAI makes KYC process paperless to improve customer service

Last Updated: Monday, August 19, 2013, 23:31

Unique Identification Authority of India that provides 12-digit Aadhaar identity number, has made its Know Your Customer service (KYC) process paperless to enhance customer convenience as well as improve business efficiency.

RBI warns banks to strictly follow KYC norms or face action

Last Updated: Friday, July 12, 2013, 21:41

Concerned over violation of anti- money laundering norms by banks, the RBI Friday warned them to meticulously follow its instructions with regard to walk-in customers while selling insurance, mutual fund, gold and other products above Rs 50,000 or face action.

KYC norms for SHGs eased, all members need not be verified

Last Updated: Thursday, March 28, 2013, 20:35

To address problems faced by Self Help Groups during opening of savings bank accounts and credit linking, the RBI on Wednesday simplified KYC norms for them by stating that verification of all SHG members is not required.

Govt working on having common KYC norms for FIIs: FM

Last Updated: Monday, March 11, 2013, 15:42

To attract more overseas investment into the country, government is working on bringing new norms for a common KYC for foreign institutional investors, Finance Minister P Chidambaram said Monday.

RBI eases KYC norms for money changing activities

Last Updated: Wednesday, January 02, 2013, 21:46

The Reserve Bank Wednesday eased the 'Know Your Customer' (KYC) norms for money changing activities.

Multiple LPG connections without KYC will entail cancellation

Last Updated: Friday, December 07, 2012, 20:43

Cooking gas (LPG) consumers with multiple connections who do not submit Know Your Customer (KYC) forms by month end will lose subsidised LPG supply and will be charged commercial rates, the government said Friday.

Govt extends deadline for filling KYC form by LPG consumers

Last Updated: Thursday, November 15, 2012, 19:43

The government on Thursday extended by 15 days the deadline for filling the Know Your Customer (KYC) form by LPG consumers to month-end.