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

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

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

The Reserve Bank of India has instructed banks and NBFCs to permit transactions for low-risk customers with pending KYC until ...

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

Reserve Bank of India (RBI) directs banks to provide advance notice for KYC updates, aiming to improve consumer protection ...

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

MUMBAI: In a major relief to bank accountholders, the Reserve Bank has empowered banking correspondents (BCs) to update the ...

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

As per the changes, regulated entities (REs) must allow all transactions for low-risk individual customers, even if their KYC ...

RBI instructs banks to update KYC for activating inoperative accounts, utilizing BCs and V-CIP, emphasizing rural branches.