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November 6, 2024, 09:16 PM - 2 min read
The RBI amended KYC norms to streamline customer due diligence and align with updated anti-money laundering rules, allowing existing customers to open new accounts or services without repeating KYC and mandating REs to update KYC data with the CKYCR within seven days.
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February 21, 2024, 07:05 PM - 2 min read
The gathering addressed critical issues pertaining to macro financial stability and India's readiness to confront them effectively. Among the key deliberations were ongoing inter-regulatory matters aimed at bolstering the Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC) to solidify its position as a global financial hub, facilitating foreign capital inflow and financial services for the domestic economy.
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February 15, 2024, 02:32 PM - 2 min read
RBI has restricted Visa and Mastercard from offering card based B2B payments to clampdown unauthorised digital transactions.
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