KYC

Sebi eases requirements for FPIs, allows smart cities to issue municipal bonds

Sebi eases requirements for FPIs, allows smart cities to issue municipal bonds

Mumbai: Unveiling a raft of reform measures, markets watchdog Sebi on Wednesday relaxed compliance requirements for foreign portfolio inv...Read More

RBI imposes penalty on four banks for non-compliance of KYC/AML rules

RBI imposes penalty on four banks for non-compliance of KYC/AML rules

While Punjab National Bank, Allahabad Bank and UCO Bank have been fined Rs 50 lakh each, Corporation Bank has been asked to pay Rs 25 lak...Read More

Ministry of Corporate Affairs to launch KYC process to get rid of con accountants and company secretaries

Ministry of Corporate Affairs to launch KYC process to get rid of con accountants and company secretaries

To get rid of unqualified persons fraudulently carrying out functions of chartered accountants, cost accountants, and company secretaries...Read More

KYC and ease of doing business

KYC and ease of doing business

Long ago, fraudsters used to lay their hands on cheques and documents in transit and get them transferred in their names. Moreover, docum...Read More

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Sebi issues revised KYC guidelines for FPIs

New Delhi : Markets regulator Sebi on Friday issued revised KYC norms for foreign portfolio investors, wherein resident as well as non-re...Read More

Revised KYC norms for FPIs soon

Revised KYC norms for FPIs soon

Mumbai : In a significant move, Sebi on Tuesday said it would soon come out with revised KYC norms for foreign investors and also allow o...Read More

Identity theft: Cheats secure bank loan by tampering with KYC papers in Bhayandar

Identity theft: Cheats secure bank loan by tampering with KYC papers in Bhayandar

Bhayandar: The next time you hand over your ‘know your customer’ (KYC) documents to loan processing agents or other unknown people for fi...Read More

Rubique MD and CEO Manav Jeet: We provide best lending options keeping in mind borrower’s need

Rubique MD and CEO Manav Jeet: We provide best lending options keeping in mind borrower’s need

A technology-based marketplace—Rubique, which serves both retail and SME borrowers, offers loan products with speed and accuracy based on...Read More

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‘Know your employee’ to check frauds: CVC

Due diligence on employees and professionals like CAs, valuers and advocates involved in the loan assessment and sanctioning processes is...Read More

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RBI imposes monetary penalty on Union Bank

New Delhi : The Reserve Bank of India (RBI) had earlier this week imposed a monetary penalty of Rs 3 crore on Union Bank of India for non...Read More

Aadhaar verification for mobile users soon

Aadhaar verification for mobile users soon

New Delhi: After making Aadhaar mandatory for filing income tax returns and applying for a permanent account number (PAN), the government...Read More

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Trai may suggest Aadhaar eKYC for SIM buyers

New Delhi :  Telecom regulator Trai is likely to recommend to the Department of Telecom (DoT) that Aadhaar-based eKYC be allowed even for...Read More

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RBI’s 20th FAQs on scrapped notes

New Drlhi : The Reserve Bank of India on Thursday came out with its 20th edition of the Frequently Asked Questions (FAQs) on the scrapped...Read More

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Big relief: Banks stop quizzing depositors

New Delhi : Banks on Wednesday began accepting the junked Rs 500/1000 notes in KYC complaint accounts without any questions following RBI...Read More

RBI withdraws one-time deposit norm, Rs 5,000 limit for KYC-accounts

RBI withdraws one-time deposit norm, Rs 5,000 limit for KYC-accounts

New Delhi, The Reserve Bank of India (RBI) in a sharp U-turn on Wednesday withdrew the circular for KYC-compliant accounts that barred pe...Read More

Black Money: Govt places a Rs 5,000 cap on deposit of old currency till 30 Dec

Black Money: Govt places a Rs 5,000 cap on deposit of old currency till 30 Dec

The government continues its crack-down on the black money. Since demonetisation was announced on 8 November, several changes on withdraw...Read More

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Axis bank-Noida: ED files money laundering case

New Delhi: The Enforcement Directorate (ED) has registered a money laundering case in the alleged forging of a customer’s identity to con...Read More

RBI imposes restrictions  on withdrawal from  certain bank accounts

RBI imposes restrictions on withdrawal from certain bank accounts

Mumbai : Tightening the noose around people who misused banking channels to park unaccounted money, the Reserve Bank on Thursday imposed ...Read More

Axis bank branch under  I-T lens for suspect a/cs

Axis bank branch under I-T lens for suspect a/cs

`100 crore found in 44 suspect accounts after note ban

RBI imposes penalty of Rs 5 crore   on BoB & Rs 2 cr on HDFC Bank

RBI imposes penalty of Rs 5 crore on BoB & Rs 2 cr on HDFC Bank

BoB was fined for the Rs 6,100 cr scam & HDFC for lapses in KYC adherence

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