Largely, the directions call for conducting KYC throughAadhaar number or Permanent Account Number (PAN). A bank that onboards an operator can conduct KYC using business or financial documents or documents equivalent to Aadhaar, such as passport, drivers licence, etc. in certain cases. However, it...
The Supreme Court of India struck down section 57 of the Aadhaar Act in 2018, effectively stating that the government cannot allow private companies to use Aadhaar-based KYC. As such, when the government tried to introduce this authentication for private companies in 2019, the petitioners took t...
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Companies issuing PPIs mustcomplywith RBI guidelines. These include customer verification processes, transaction limits, and maintaining a certain level of liquidity. The RBImandatescertain consumer protection measures, including ensuring the security of transactions and offering grievance redressal mechanisms. ...
According to Mohandas, previous discussions around health data governance focused on defining significant data fiduciaries by considering the sensitivity of the data they governed. However, she felt that the Rules only considered the aspect of data localisation when setting down guidelines for significant...