PM Jan Dhan Yojana: Govt mandates KYC update at 10-yr mark – here’s how
Around 10.5 crore PMJDY accounts were opened rapidly between August 2014 and December 2014
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November 2024
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April 2020
70 lakh mobile connections involved in online financial frauds disconnected: Finance ministry
Defrauded money to the tune of ₹900 crore has been saved benefitting 3.5 lakh victims.
RBI imposes fines on Axis Bank, Manappuram Finance, Anand Rathi Global Finance
The central bank slapped fines of ₹90.92 lakh on Axis Bank, ₹42.78 lakh on Manappuram Finance, and ₹20 lakh on Anand Rathi Global Finance.
DPI reshaping India into ‘one mega economy’: Nilekani
India has transformed in many ways over the last several years and digital transformation is at the heart of its economic growth, says Nandan Nilekani
Centre discontinues bulk SIM cards, makes KYC mandatory
Govt makes biometric and police verification mandatory for SIM card dealers
RBI slaps fine on 9 co-operative banks for violating norms
The monetary penalties were imposed based on deficiencies in regulatory compliance, as per the RBI.
TRAI to propose unified KYC to check fraudulent callers
At present, identifying the culprit who engages in fraudulent activities has been one of the major challenges for TRAI to curtail fraudulent calls.
Why jewellers still prefer cash deals
Many believe cash deals up to ₹2 lakh without KYC leaves a loophole for jewellers and bullion dealers to exploit.
Will Mauritius regain the tag of India’s top investor?
Mauritius last week got the ‘eligible country’ status from India. Investment entities from the island country can register with SEBI as category–1 FPIs with less stringent KYC requirements.
