KYC

SIM cards being sold in Goa like "onions and potatoes": Director General of Police

Criminals are very easily obtaining SIM cards by submitting forged documents, they produce somebody else's photographs, name and even signature.

May 27, 2017, 16:33 PM IST
Axis Bank assures govt of action against errant officials

Axis Bank assures govt of action against errant officials

Finance Minister Arun Jaitley on Tuesday said the Axis Bank management has assured the government that it is taking action against erring officials who are involved in irregularities post demonetisation.

Dec 20, 2016, 14:57 PM IST
Demonetisation: Axis Bank suspends some suspicious accounts

Demonetisation: Axis Bank suspends some suspicious accounts

Hit by irregularities by some of its employees, Axis Bank on Monday said it has taken "unprecedented step" of temporarily suspending some of the suspicious accounts and has a rigorous compliance procedure.

Dec 19, 2016, 15:58 PM IST
Axis bank-Noida: Enforcement Directorate files money laundering case?

Axis bank-Noida: Enforcement Directorate files money laundering case?

A money laundering case has been registered by the Enforcement Directorate (ED) in the alleged forging of a customer's identity to conduct huge illegal transactions in an Axis Bank branch in Noida.

Dec 17, 2016, 16:42 PM IST
Attention Punjab National Bank customers: Update KYC by October 1, or face account block

Attention Punjab National Bank customers: Update KYC by October 1, or face account block

State-owned Punjab National Bank (PNB) has asked its customers whose accounts are due for KYC update to do so by October 1, failing which it may block all their banking transactions.

Sep 25, 2016, 10:41 AM IST
RBI imposes Rs 27-crore penalty on 13 banks

RBI imposes Rs 27-crore penalty on 13 banks

Reserve Bank of India (RBI) has imposed Rs 27-crore penalty on 13 public and private sector banks of the country for violation of Know Your Customer (KYC) norms.

Jul 27, 2016, 20:05 PM IST
Central Vigilance Commissioner calls for foolproof system to verify bank customers' data

Central Vigilance Commissioner calls for foolproof system to verify bank customers' data

CVC K V Chowdary today favoured putting in place a network of systems for bank officials to verify the genuineness.

Jul 08, 2016, 15:39 PM IST
'Need to make payments bank system fraud free'

'Need to make payments bank system fraud free'

Payments banks will help bring millions of people into the financial system but there is a need to make the system fraud free, a top official of Paytm Payments Bank said on Thursday.

Jul 07, 2016, 23:18 PM IST
Will take call on tightening P-Note norms soon: SEBI Chief

Will take call on tightening P-Note norms soon: SEBI Chief

Mumbai: Looking to prevent money laundering, SEBI Chairman U K Sinha on Thursday said the regulator is in discussions with the industry on tightening Know Your Client (KYC) mechanism for participatory notes (P-Notes) and will take a final decision on it soon.

May 19, 2016, 15:18 PM IST

Sebi mulls allowing bank KYC for securities markets

In a game-changer move, regulator Sebi is mulling doing away with the requirement of a fresh KYC (Know Your Client) for opening of new accounts in securities market if the investor has got a bank account

Mar 20, 2016, 13:21 PM IST
Withdrawal of provident fund to become lot more easier: Know what you need to do

Withdrawal of provident fund to become lot more easier: Know what you need to do

You will have to follow very simple procedures so that you don't have to run around your previous company for withdrawal of provident fund.

Dec 30, 2015, 12:06 PM IST

Govt to announce Central KYC Records Registry entity soon

The Reserve Bank Thursday said an announcement by the government naming the entity, which will function as the Central KYC Records Registry (CKYCR), is expected shortly.

Nov 26, 2015, 22:31 PM IST

MFs to give KYC details of new investors by November 1

Mutual Fund houses will have to mandatorily provide additional KYC informations pertaining to gross annual income and net worth of new investors by November 1, as also their 'beneficial ownership' details.

Oct 29, 2015, 21:33 PM IST

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.

Apr 05, 2015, 15:43 PM IST

FinMin asks banks to tighten norms for high value FDs

At the moment, different banks have varied definitions of high value fixed deposits.

Oct 05, 2014, 12:23 PM IST

FinMin asks banks to tighten norms for high value FDs

At the moment, different banks have varied definitions of high value fixed deposits.

Oct 05, 2014, 12:23 PM IST

Accept self-attested documents to open account: RBI to banks

The Reserve Bank on Tuesday relaxed 'know your customer' norms by allowing self-certification of documents needed for opening bank accounts.

Sep 30, 2014, 15:37 PM IST

Portable PF A/c number to be launched on October 16

Retirement fund manager EPFO's ambitious project to provide portable universal PF account numbers (UAN) to its subscribers will be launched on October 16.

Sep 21, 2014, 11:33 AM IST

RBI releases note, poster on KYC to help public open accounts

Reserve Bank on Tuesday released a note and a poster to increase awareness about Know Your Customer (KYC) norms for opening bank accounts.

Aug 26, 2014, 22:30 PM IST

RBI allows NBFCs to use e-KYC service to verify identity

Non-Banking Financial Companies (NBFCs) have been allowed to accept e-KYC service as a valid process to verify identity and address proof of customers to reduce risk of fraud and forgery.

Jul 14, 2014, 22:04 PM IST