The new rules, developed in coordination with the government of India and the Securities & Exchange Board of India, establish ...

New Delhi: RBI Deputy Governor Swaminathan J has asked banks to follow KYC guidelines with both "precision and empathy", failing which regulatory actions will be taken against them by the central bank ...

New guidelines have been introduced by the Reserve Bank of India (RBI) for the Domestic Money Transfer (DMT), which would ...

Tracking money laundering for terrorist activities entails better data mining and adjusting KYC for different levels of risk ...

The Reserve Bank of India has issued an operational framework to classify foreign portfolio investments as foreign direct investments if a breach of investment limits occurs. This framework, with ...

Financial regulators, the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (Sebi), issued new ...

The Reserve Bank of India (RBI) recently announced some important updates to its Know Your Customer (KYC) guidelines. These updates taking effect immediately from November 6, 2024 are expected to ...

RBI has been turning up the heat to strictly enforce KYC guidelines, which mandate banks and other lenders to ask for proofs ...

The new framework aims to streamline foreign investments, offering FPIs a compliant route to maintain stakes in Indian firms ...

This directive prompted banks to express concerns to the government about increased funding costs. In a separate July ...

The Reserve Bank of India (RBI) has streamlined the process for Foreign Portfolio Investors (FPIs) to reclassify their ...

MUMBAI: The Reserve Bank of India (RBI) and the Securities and Exchange Board (Sebi) have directed foreign portfolio ...