The Secretary,Department of Financial Services (DFS),M. Nagaraju, on Monday suggested means for doing fresh Know Your Customer (re-KYC) process for the Pradhan Mantri Jan Dhan Yojana (PMJDY) account holders.
The total number of client codes (accounts) registered with the leading exchange stands at 19 crore, the NSE informed.
In a move signalling a shift towards financial sector cohesion, India’s Financial Stability and Development Council (FSDC) has announced plans to standardise ‘know your customer’ (KYC) checks across the industry.
Reg-tech company TSS Consultancy on Monday said it has received an investment from VC firm WestBridge Capital at a valuation…
A RBI panel has suggested that in the long run, India will achieve higher level of trade linkages with other countries, as a result of which the rupee is likely to reach a level where it would be widely used, and proposed the currency’s inclusion in International Monetary Fund’s (IMF) Special Drawing Rights (SDR) basket.
A total of 169 entities, including 105 banks, are live on e-KYC.
Aadhaar usage and adoption continue to grow at a rapid pace with the number of authentication transactions surging to 219.71 crores in August, registering a growth of over 44 per cent when compared with the previous month, according to data released by the Ministry of Electronics & IT on Thursday.
"Members of public are hereby cautioned not to share account login details, personal information, copies of KYC documents, card information, PIN, password, OTP, etc. with unidentified persons or agencies. Further, such details should not be shared through unverified/unauthorised websites or applications,"
Giving this information on Monday, additional director general of police (law and order), Navdeep Singh Virk said that as many as 89,353 people have visited from January to December last year to enquire about the progress of their complaints.
This is a requirement of FATF (Financial Action Task Force) Dealers in Precious Metals and Precious Stones (DPMS) to carry out KYC and Customer Due Diligence only when they conduct such big cash transactions.
