Kyc norms

RBI fines fours banks, including PNB, for violation of KYC norms

RBI fines fours banks, including PNB, for violation of KYC norms

1 min read . 02 Jul 2019

Nilekani report proposes to simplify KYC norms

Nilekani report proposes to simplify KYC norms

6 min read . 05 Jun 2019

E-wallet companies welcome extension in KYC deadline, say move will help financial inclusion story

E-wallet companies welcome extension in KYC deadline

1 min read . 26 Feb 2019

Currently, foreign entities are not permitted to directly participate in the Indian commodity derivatives market, even if they import/export various commodities from/to India. Photo: Mint

Sebi allows foreign entities in commodity derivatives market

2 min read . 09 Oct 2018

According to analysts investors had already factored in Sebi’s new norms, and, therefore, there might not be an immediate impact on investor sentiment.

How Sebi’s new KYC regulations will affect FPIs

2 min read . 24 Sep 2018

Sebi has approved a common application form for the registration of FPIs in the domestic markets. Photo: Abhijit Bhatlekar/Mint

Sebi approves KYC norms for FPIs, new settlement mechanism

1 min read . 18 Sep 2018

Paytm was also asked to remove Renu Satti as chief executive of Paytm Payments Bank following RBI’s objections about her ability to lead a banking services firm. Photo: Mint

RBI tells Paytm Payments Bank to stop adding new customers with immediate effect

2 min read . 01 Aug 2018

According to RBI, the norms have been revised because the government had amended laws on prevention of money laundering in June last year . However, it’s not clear when the new guidelines would come into force. Photo: Mint

Aadhaar seeding must for bank accounts under KYC norms, say new RBI guidelines

2 min read . 21 Apr 2018

RBI had issued a show cause notice to Airtel payments Bank on 15 January saying why penalty should not be imposed for non-compliance with guidelines and directions issued by the central bank. Photo: Indranil Bhoumik/Mint

RBI slaps Rs5 crore penalty on Airtel Payments Bank for violation of norms

1 min read . 09 Mar 2018

RBI says the action on the two banks is based on deficiencies in regulatory compliance and “is not intended’ to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Photo: Hemant Mishra/Mint

RBI slaps Rs3 crore penalty on Axis Bank, Rs2 crore on Indian Overseas Bank

1 min read . 05 Mar 2018

The RBI letter also said payments banks must comply with RBI Master Direction on KYC, which is amended from time to time. Photo: Aniruddha Chowdhury/Mint

RBI issues new KYC norms for payments banks

2 min read . 21 Feb 2018

Aadhaar increases reach and inclusion, where markets have traditionally failed. Photo: Indranil Bhoumik/Mint

Aadhaar: Universal access is for the greater good

3 min read . 13 Feb 2018

The UIDAI had sent a notice to Bharti Airtel in September after receiving complaints from citizens that it was opening payments bank accounts without the explicit consent of users. Photo: PTI

Bharti Airtel deposits Rs2.5 crore penalty with UIDAI

1 min read . 19 Dec 2017

A facilitative regulatory framework for the payments sector is a catalyst for achieving broader social objectives like financial inclusion. Photo: iStockphoto

The restrictive regulatory framework for PPIs

4 min read . 14 Nov 2017

Linking Aadhaar with mutual funds

2 min read . 12 Nov 2017

In a directive on 7 October, UIDAI made it mandatory for banks to act as both the Aadhaar registrar and enrolment agency. Photo: Priyanka Parashar/Mint

Aadhaar centres: Banks question UIDAI’s authority to issue directions

3 min read . 21 Oct 2017

The probe by Sebi and the income tax department is part of an ongoing probe into shell companies by the ministry of corporate affairs, which has identified some 16,000 potentially bogus firms. Photo: Aniruddha Chowdhury/Mint

Around 100 brokers under lens for helping shell companies

2 min read . 22 Aug 2017

RBI’s mobile application will be available on both Android and iOS platforms. Photo: Reuters

RBI launches mobile app version of its website

1 min read . 10 Mar 2017

UIDAI said there has been no breach to database of Aadhaar in any manner. Photo: HT

Aadhaar data not misused in Axis Bank case: UIDAI

2 min read . 06 Mar 2017

Old currency notes worth about Rs7,000 crore are lying with cooperative banks. Photo: Indranil Bhoumik/ Mint

Nabard starts verifying KYC norms of depositors at cooperative banks

2 min read . 16 Feb 2017