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

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

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

Reserve Bank of India (RBI) has imposed a penalty of Rs8.35 lakh on five cooperative banks, including four from Gujarat and one from Odisha, for non-compliance with the directions issued by the ...

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 ...

The Indian government is pushing back on two key proposals of the central bank, which will require banks to set aside more ...

Last month, RBI raised the limit of each transaction on UPI 123 from ₹5,000 to ₹10,000. NPCI has, therefore, told banks and ...

It is estimated that India’s total imports from FTA partners (ASEAN, UAE, SAFTA, Australia, South Korea, Japan, Mauritius) ...

Paytm users can now conveniently pay for various services including shopping, dining, and local experiences abroad using UPI ...

The Deputy Governor also asked the board members of banks, particularly the chair of the Customer Service Committee, to ensure that KYC guidelines are followed with both precision and empathy.