⁠Re-KYC (Know Your Customer) is a regulatory requirement aimed at ensuring that customer information remains accurate and up-to-date. The Reserve Bank of India (RBI) guidelines state that re-KYC ...

RBI imposed a monetary penalty of ₹75 lakh on HDFC Bank over non-compliance with KYC norms. The RBI had also conducted a statutory ‘Inspection for Supervisory Evaluation’ of the bank, based on its ...

In financial markets, compliance requirements evolve to ensure transparency, security, and regulatory adherence. One such recent regulatory requirement in India pertains to the revalidation of Know ...

The report stated that smartphones use the 'active listening’ technology for listening to our conversations (Image: Freepik) Re-KYC, while a regulatory necessity aimed at maintaining the accuracy and ...

The Reserve Bank of India has imposed a penalty of Rs 91 lakh on HDFC Bank for violating certain provisions of the Banking Regulation Act. The central bank stated that the penalty is imposed on ...

Regulated Entities (RE) shall adopt a risk-based approach for periodic updation of KYC. However, periodic updation shall be carried out at least once every two years for high-risk customers, once ...

You are no longer required to visit the bank branches to update ‘ know you customer ’ (KYC) details if you have already submitted the valid documents and have not changed your address. If there is no ...