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Periodic Updation Of Kyc

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Dazed by demonetisation twists? Read the new FAQ

 Prime Minister Narendra Modi promised on November 8 that the pain due to demonetisation will ease within 50 days, yet within this duration the Reserve Bank of India has changed the rules at least......

Banks urge RBI for boards' workload mgmt

 Private sector bank board members have urged the Reserve Bank of India (RBI) top brass to consider workload management of the boards as they feel there are too many issues that go to the boards for......

RBI releases draft rules on AePS to counter frauds on payments system

 The Reserve Bank of India (RBI) on Wednesday released draft guidelines for streamlining the onboarding and monitoring of Aadhaar Enabled Payment System (AePS) operators to counter frauds......

Now, no need to visit bank to update KYC

 Bank account holders are no longer required to visit their bank branches to update 'know your customer' (KYC) details provided they have already submitted valid documents and not changed their......

RBI panel suggests a host of customer-centric initiatives for banks

 An RBI-appointed panel on Monday recommended hosts of customer-centric initiatives for banks, including online settlement of claims by heirs of deceased account holders, flexibility for submission......

IRDAI mulls linking insurance frauds with individuals' credit score

 The Insurance Regulatory and Development Authority of India (IRDAI) is considering a proposal to make insurance frauds a parameter for calculating credit scores in an attempt to put a lid on the......

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