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...
Both corporate and individual Bima Vahaks will be authorized to carry out activities such as collection of proposal information and Know Your Customer (KYC) documents and coordination of claims-related services. Monthly Banking/ Financial Awareness Books Topic: Indian Economy/Financial Market 6. India...
Lokmangal Co-operative Bank did not carry out periodic review of risk categorisation of accounts. It did not carry out periodic updation of KYC as per the risk categorisation of the customers. RBI has imposed Rs 2 lakh penalty on The Satara Sahakari Bank and Rs 1 lakh penalty on The Udgir...
Maheshwari mentioned that it is courtesy of online news platforms that the MIB does not have the regulatory powers it had under Rules 9(1) and 9(3) of theInformation and Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 (IT Rules, 2021). He explained that these...
adding that full KYC (know your customer details) of the people who buy these instruments will need to be maintained by the banks, non-banking financial institutions and other entities.Further, the non-bank and non-NBFC issuers would need to have a networth of ' 1 crore and a minimum pai...
KYC KYD Kyoto Protocol L Share Labor Labor and Capital Labor Contracts Labor Contributions Labor Costs Labor Division Labor Economics Labor Force Labor Law Labor Laws Labor Market Labor Markets Labor Mobility Labor Productivity Labor Relations Labor Rights Labor Standards Labor Statistics LaborDay Laddering...
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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...