Search For "know your customer"
RBI slaps over Rs 3-crore penalty on Amazon Pay
Updated : 2 weeks, 3 days ago IST
According to a statement from the central bank, the action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the entity with its customers.
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RBI imposes monetary penalty on 5 cooperative banks for rules violation
Updated : 2 months, 1 week ago IST
The Reserve Bank of India (RBl) has imposed a monetary penalty on five cooperative banks for some contravention or for non-compliance with varied central bank directions.
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Airtel Payments Bank rolls out e-KYC-based face authentication for opening
Updated : 3 months, 4 weeks ago IST
The payments bank said the new facility would help business correspondents (BCs) of the bank to open an account just by undertaking face authentication through electronic know-your-customers (e-KYC).
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RBI imposes penalties on nine cooperative banks for violating compliances
Updated : 4 months ago IST
Those banks are The Berhampur Cooperative Urban Bank, The Kendrapara Urban Co-operative Bank , The Jamshedpur Urban Cooperative Bank, Krishna Mercantile Co-operative Bank , Renuka Nagarik Sahakari Bank Maryadit, Jila Sahakari Kendriya Bank Maryadit, Osmanabad Janata Sahakari Bank, The Santra
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Government aiming to bring 'Light Touch' regulations for OTT: Union Minist
Updated : 5 months, 4 weeks ago IST
New Delhi [India], September 23 (ANI): Union Minister Ashwini Vaishnaw on Tuesday said that the government through its Telecom Bill is aiming to bring in 'Light Touch' regulations for Over the Top (OTT) platforms.
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RBI imposes monetary penalty on Indiabulls Commercial Credit Limited
Updated : 6 months, 1 week ago IST
Mumbai (Maharashtra) [India], September 10 (ANI): The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 12.35 lakh on Indiabulls Commercial Credit Limited for non-compliance with certain KYC-related provisions.
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RBI imposes monetary penalty on Gauhati Co-operative Urban Bank
Updated : 7 months, 3 weeks ago IST
Mumbai (Maharashtra) [India], July 28 (ANI): The Reserve Bank of India (RBI) on Thursday said it has imposed a monetary penalty on Guwahati-based co-operative bank The Gauhati Co-operative Urban Bank Limited for non-compliance with KYC-related compliance.
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RBI imposes monetary penalty on Ola Financial Services
Updated : 8 months, 1 week ago IST
Mumbai (Maharashtra) [India], July 12 (ANI): The Reserve Bank of India (RBI) on Tuesday said it has imposed a monetary penalty of Rs 1.68 crore on Ola Financial Services Private Limited for non-compliance with certain provisions of payment instruments and know your customers (KYC).
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RBI imposes monetary penalty on Bettiah-based Cooperative Bank
Updated : 8 months, 1 week ago IST
Mumbai (Maharashtra) [India], July 11 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed Rs 2 lakh monetary penalty on Bettiah (Bihar)-based National Central Cooperative Bank Limited for non-compliance with directions related to KYC and depositor education and awareness fun
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RBI imposes monetary penalty on Bank of India
Updated : 8 months, 2 weeks ago IST
Mumbai (Maharashtra) [India], July 8 (ANI): The Reserve Bank of India (RBI) said on Friday it has imposed a monetary penalty of Rs 70 lakh on the Bank of India for violation of Know Your Customer (KYC) related regulations.
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RBI imposes monetary penalty on IndusInd Bank
Updated : 8 months, 2 weeks ago IST
Mumbai (Maharashtra) [India], July 4 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 1 crore on IndusInd Bank for non-compliance with certain directions related to Know Your Customer (KYC).
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RBI imposes Rs 10 lakh penalty on The Tiruchengode Co-operative Urban Bank
Updated : 8 months, 3 weeks ago IST
New Delhi [India], June 28 (ANI): The Reserve Bank of India (RBI) has imposed a penalty of Rs 10 lakh on The Tiruchengode Co-operative Urban Bank, Tiruchengode, Tamil Nadu, for non-adherence or violation of directions issued under various guidelines including Know Your Customer (KYC) Guideli
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