The RBI has provided directions for those operating AePS terminals. It stated that the bank responsible must carry out due diligence of all AePS touchpoint operators according to Master Direction – Know Your Customer (KYC) Direction, 2016. Largely, the directions call for conducting KYC throughAa...
In such cases, if a person who wants to open an account and is not able to produce documents mentioned in Annex I of this Master Circular, banks should open an account for him, subject to: Introduction from another account holder who has been subjected to full KYC procedure. The ...
process from Drafting of Initial MoU, preparation of KYC documents as per the RBI requirements, submission of the same to RBI for approval for change of management; and after receiving approval from RBI finally completing the takeover process of NBFC Companies by executing Share Purchase Agreement ...
RBI/2022-23/92 DoR.AUT.REC.No.27/24.01.041/2022-23 RBI 2022 23 92 DoR AUT REC No 27 24 01 041 2022 23 April 21 2022 Master Direction Credit Card and Debit Card Issuance and Conduct Directions 2022 In exercise of