Reusable KYC is not a silver bullet for all verification challenges; however, it gives us a glimpse into a future where ...

The Reserve Bank of India has introduced significant changes to simplify the Know Your Customer (KYC) process. From mandatory ...

Reserve Bank of India has updated KYC norms. Banking correspondent (BC) can now update KYC. This includes NGOs, SHGs, MFIs ...

Times of India brings the Latest & Top Breaking News on Politics and Current Affairs in India & around the World, Cricket, ...

This Thursday, the Reserve Bank of India (RBI) introduced a series of amendments to its Know Your Customer (KYC) norms. This ...

Self-declaration from the customer in case of no change in KYC information or change only in the address details may be ...

The RBI said it has noted a significant backlog in periodic KYC updates, including in accounts opened for receiving Direct Benefit Transfers or Electronic Benefit Transfers for various government ...

In another customer-friendly move, banks have been allowed to use Business Correspondents (BCs) for periodic KYC updates. BCs ...

The Reserve Bank of India (RBI) has issued fresh guidelines aimed at easing the process of know-your-customer (KYC) updates, ...