SEBI likely to take strict action on P-Notes in its meeting on 20th May

SEBI likely to take strict action on P-Notes in its meeting on 20th May

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SEBI to strict its norms on P-Notes

SEBI to strict its norms on P-Notes

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SEBI to make KYC compulsory for investments

SEBI to make KYC compulsory for investments

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Sebi to tighten KYC, transfer norms for P-Notes

Sebi to tighten KYC, transfer norms for P-Notes

 Acting upon recommendations of the Special Investigation Team on black money, market watchdog Sebi plans to tighten due diligence requirements for issuance and transfer of controversy-ridden P-Notes and put the onus on investors to ensure compliance with anti-money laundering law.

Remain alert on smaller forex transfers from single accounts: CVC to RBI, IBA

Remain alert on smaller forex transfers from single accounts: CVC to RBI, IBA

The Central Vigilance Commissioner has asked the Reserve Bank of India and Indian Banking Association to remain alert on smaller forex transactions from single accounts

Domestic investors, MFs pitch for easier taxation, uniform KYC

Domestic investors, MFs pitch for easier taxation, uniform KYC

Rationalisation of tax rules and introduction of uniform KYC were some of the steps which were suggested by the domestic financial institutions (FIs) to promote ease of doing business and encourage retail participation in the securities market.

RBI slaps Rs 4.5 crore penalty on Dena Bank, OBC, Bank of Maharashtra

RBI on Wednesday slappeds Rs 4.5 crore penalty on Dena Bank, OBC and Bank of Maharashtra for violation of KYC norms.

Easier KYC norm for sole owner cos to open co-op bank accounts

Relaxing KYC norms, the RBI has allowed sole proprietor firms to open accounts in co-operative banks by submitting a single proof of their business.

RBI imposes Rs 5 lakh fine on 16 banks for violation of norms

The Reserve Bank on Tuesday penalised 16 central cooperative banks with a fine of Rs 5 lakh each for non-adherence of the Know Your Customer and Anti-Money Laundering guidelines.

RBI eases KYC norms for NBFCs

The rules have been eased due to practical difficulties and constraints in getting Know-Your-Customers (KYC) documents at frequent intervals.

Sebi to simplify KYC norms for rural investors

After allowing rural customers to trade in cash up to Rs 20,000 at one time and Rs 50,000 per annum, Sebi is now working on simplifying KYC process for them in a bid to bring more such investors to capital markets.

RBI slaps Rs 50 lakh penalty on ICICI Bank, Rs 25 lakh on BoB

RBI on Wednesday imposed a penalty of Rs 50 lakh on ICICI Bank and Rs 25 lakh on Bank of Baroda for violation of KYC norms after they allowed opening of accounts in the name of a statutory body by fraudsters.

RBI asks rural banks to partially freeze KYC non-compliant a/c

The RBI has directed regional rural and central cooperative banks to partially freeze bank accounts of those customers who have not complied with the Know Your Customer (KYC) norms.

RBI simplifies KYC norms for opening of bank accounts

A bank account can be opened with just one address proof, permanent or local, says an RBI decision that will help migrant workers and employees with transferable jobs who at present face cumbersome procedure to access banking services.

Sebi to issue guidelines soon for crowd-funding

Crowd-funding typically involves young entrepreneurs and small groups of people raising funds for their ventures.

Shame many don't have bank A/c; KYC norms need a relook: Rajan

Reserve Bank Governor Raghuram Rajan on Friday said it is shameful that so many people in India don't have access to banking, and emphasised the need to make KYC norms less bureaucratic.

RBI tightens norms for pre-paid cards; caps value at Rs 50K

The Reserve Bank on Friday tightened and streamlined the norms regarding issuance of pre-paid payment instruments and capped their maximum value at Rs 50,000.

SEBI to accept UIDAI electronic KYC as address, identity proof

Market regulator SEBI Tuesday said it will accept e-KYC (Know Your Client) service of UIDAI as a valid proof of identity and address for opening accounts with brokerage firms, mutual funds, portfolio managers and other capital market entities.

SEBI eases KYC norms for foreign investors

Making Indian capital markets an easier place to invest, SEBI Thursday relaxed registration and disclosure norms for low-risk foreign investors and exempted the low-risk overseas entities from tedious paper work.

RBI relaxes KYC norms for UCBs to cater to foreign students

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.