RBI Imposes Rs 6 Lakh Penalty On The Mandi Cooperative Bank: Here's Why
The central bank also imposed a penalty of Rs 1 lakh on West Bengal's The Howrah District Central Co-operative Bank.
Mar 27, 2024, 21:17 PM IST
SBI Customers Alert! Bank warns people against KYC frauds: Here's how to remain safe
The embedded links in the text messages that mimic State Bank of India service notifications are cryptic URLs that allow unscrupulous scammers to access the customer's account details.
Mar 06, 2022, 15:46 PM IST
Beware! 64-year-old actress cheated in Airtel KYC cyber fraud, loses Rs 1.48 lakh
The SMS, which was apparently from Airtel, indicated that the number's Know Your Customer (KYC) details were out of date and that the number will be blocked if the necessary steps were not taken.
Mar 01, 2022, 16:26 PM IST
Airtel KYC fraud case: Airtel CEO warns customers against online scams; here's how to save yourself
Gopal Vittal, the CEO of Airtel, has contacted his customers to alert them about an issue that has purportedly victimised a few innocent people.
Oct 30, 2021, 13:31 PM IST
KYC Frauds: RBI warns customers against online scams; Here’s how to stay safe
RBI further said in a statement that certain details should not be shared via unverified or unauthorised channels/websites or even applications after getting such a request.
Sep 13, 2021, 19:29 PM IST
HDFC Bank launches video KYC facility for savings, corporate salary A/c, Personal Loans--Check benefits
The Video KYC facility has been deployed for Savings and Corporate Salary accounts and Personal Loans
Sep 17, 2020, 14:53 PM IST
PhonePe, Paytm have till February 2020 to update KYC
The deadline for mobile wallets to become full KYC compliant was earlier set to end on August 31. But on August 30 the RBI extended the deadline by six more months, with the warning that no further extension would be granted.
Sep 02, 2019, 15:07 PM IST
Not KYC, 'know your employee' too to check frauds: CVC to banks
"Several frauds are insider jobs or perpetrated with the abetment of insiders. Banks have to take extra care to have continuous vigil on their staff," it said.
Sep 11, 2017, 16:42 PM IST
RBI imposes Rs 75 lakh penalty on Bombay Mercantile Co-op Bank for violations of KYC norms
Bombay Mercantile Co-operative Bank was imposed with a penalty of Rs 75 lakh by the Reserve Bank of India on Thursday for violations of norms related to KYC and anti-money laundering.
Jan 19, 2017, 20:29 PM IST
Attention Punjab National Bank customers: Update KYC by October 1, or face account block
State-owned Punjab National Bank (PNB) has asked its customers whose accounts are due for KYC update to do so by October 1, failing which it may block all their banking transactions.
Sep 25, 2016, 10:41 AM IST
MFs to give KYC details of new investors by November 1
Mutual Fund houses will have to mandatorily provide additional KYC informations pertaining to gross annual income and net worth of new investors by November 1, as also their 'beneficial ownership' details.
Oct 29, 2015, 21:33 PM IST
Domestic investors, MFs pitch for easier taxation, uniform KYC
Rationalisation of tax rules and introduction of uniform KYC were some of the steps which were suggested by the domestic financial institutions (FIs) to promote ease of doing business and encourage retail participation in the securities market.
Oct 21, 2015, 16:57 PM IST
RBI imposes Rs 5 lakh fine on 16 banks for violation of norms
The Reserve Bank on Tuesday penalised 16 central cooperative banks with a fine of Rs 5 lakh each for non-adherence of the Know Your Customer and Anti-Money Laundering guidelines.
Mar 31, 2015, 23:27 PM IST
Money laundering: Over 480 urban cooperative banks under RBI lens
Over 480 urban cooperative banks across the country have come under the scanner of the Reserve Bank of India (RBI) for alleged violation of anti-money laundering laws.
Mar 09, 2015, 16:38 PM IST
RBI refuses to share inspection reports with intelligence agencies
The Reserve Bank of India (RBI) has refused to share its banks' inspection reports on alleged money laundering laws and other violations with Central Economic Intelligence Bureau (CEIB), citing legal hurdles.
Mar 03, 2015, 14:35 PM IST
Govt to test UIDIA's e-KYC for mobile SIM
Getting mobile SIM activated for Aadhaar number holders may be a matter of few minutes in the coming days as government has decided launch a pilot project to test UIDAI's electronic-Know-Your-Customer service.
Dec 17, 2014, 21:27 PM IST
Accept self-attested documents to open account: RBI to banks
The Reserve Bank on Tuesday relaxed 'know your customer' norms by allowing self-certification of documents needed for opening bank accounts.
Sep 30, 2014, 15:37 PM IST
RBI releases note, poster on KYC to help public open accounts
Reserve Bank on Tuesday released a note and a poster to increase awareness about Know Your Customer (KYC) norms for opening bank accounts.
Aug 26, 2014, 22:30 PM IST
SEBI board approves sharing KYC details with fin regulators
To ensure common Know-your-Client system for the entire financial sector, SEBI board on Thursday approved the proposal for sharing KYC details with entities regulated by other financial sector watchdogs.
Jun 19, 2014, 17:48 PM IST
