Everything You Need To Know About RBI’s New Video KYC Norms Everything You Need To Know About RBI’s New Video KYC Norms Regulations,V-CIP,Video KYC RBI amends Video KYC & KYC updation rules RBI announced an amendment to its Master Direction on KYC late on May 12, 2021. The amendment covers a broad range of topics concerning Video KYC, V-CIP (Video-based Customer Identification Procedure), and... Read More
RBI Governor Announces Changes to KYC Norms; Emphasizes Video KYC RBI Governor Announces Changes to KYC Norms; Emphasizes Video KYC Regulations,Video KYC RBI Governor Releases Statement On May 5, 2021, the governor of the RBI, Shaktikanta Das released a statement looking back on the year 2020. In his statement, the governor assessed the state of the Indian economy and announced several measures the RBI... Read More
RBI introduces norms to curb digital lending malpractices RBI introduces norms to curb digital lending malpractices Regulations In a recent notification, RBI introduced a set of fair practice codes and outsourcing guidelines for banks and NBFCs to follow when they make use of digital lenders to outsource financial services such as providing loans and recovering dues. But why is... Read More