The Reserve Bank on Monday amended its master direction on know your customer to further leverage the video-based customer identification process (V-CIP) and simplify the process of periodic updation ...

V-CIP is an alternate method of customer identification. Under this the customers KYC details are updated using facial recognition by an authorised official of the regulated entity. This process ...

The Reserve Bank of India (RBI) has amended the Know Your Customer (KYC) norms for banks and other financial institutions. The new norm, after amendment, allows these financial institutions to use ...

The RBI Governor Shaktikanta Das last week in his address to the nation amid covid crisis has relaxed the norms of physical KYC to customers of banking and financial services. V-CIP is an alternate ...

Giving immediate response to the Reserve Bank of India's (RBI's) initiative for rationalisation of compliance to KYC requirements, the IDBI Bank has launched the facility of periodic KYC updation ...

Businesses in India use Aadhaar verification online to meet KYC requirements with clarity, consent, and auditability. This introduction frames the process, compliance touchpoints, and best practices ...

The Reserve Bank of India’s Monetary Policy Committee today decided to maintain the status quo and keep its policy stance accommodative to facilitate growth for the covid-hit Indian economy. The ...