The Bank must also carry out on-going due diligence. A bank must update an AePS touchpoint operator’s KYC, if they have not performed any financial transaction for a continuous period of six months. Further, theNPCI and the banks must ensure that an AePS touchpoint operator is onboarded ...
Renewable energy contributed 18.5 GW of new capacity to net power generation capacity addition in FY24. Renewable energy was followed by coal/lignite at 5.7 GW (22.1%). Nuclear power capacity (1.4 GW) was added for the first time since FY17. Chief source of renewable energy capacity additions...
IRDAI issued guidelines for 'Bima Vahaks (BV)' with minor changes in the framework issued in May 2023. Under the new guidelines, there is no restriction on how many insurers a Bima Vahak is allowed to work with. IRDAI has removed the following clause: Work only with one life insurer, ...
Similar to Australia, India is also seeking to curb deceptive business practices/dark patterns. In June this year, the Department of Consumer Affairs (DoCA)conducted a sessionto discuss how to implementthe Guidelines for Prevention and Regulation of Dark Patterns, 2023. Notified inNovember 2023, th...
Financial Guidelines Financial Hardship Financial Health Financial History Financial Hub Financial Humor Financial Identification Financial Incentives Financial Inclusion Financial Independence Financial Index Financial Indicators Financial Indices Financial Industry Financial Insights Financial Instability Financial Institutio...
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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 ...
7. CoinDCX has launched a new feature called ‘Earn’. Earn is a feature through which customers can earn interest on their crypto assets. It has no lock-in-period. It allows withdrawals at any time. Registration and KYC compliance are needed to use the product. ...
A new MCA rule permits directors to alter their official email addresses and mobile numbers as well as other KYC information at any time of the year. Earlier, updates could only be made during the annual KYC filing. Topic: Corporates/Companies 5. LIC entered into tie-up with IDFC First Ban...