Nabard chief sees FY25 farm credit offtake to Rs. 27 lakh crore
Agriculture credit growth this financial year is likely to be more than 13 per cent, reaching Rs 27-28 trillion, said
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Banks hiring more officers, fewer clerks and sub-staff
India’s banking sector continues to be labour intensive but digital technologies are changing the composition of the workforce, more so
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RBI penalties up 88% in 3 yrs; KYC, AML top list
The number of penalties imposed by the Reserve Bank of India on financial institutions grew 88% in the past three
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Incomplete KYC: 1.3crore investor a/cs on hold
KYC registration entities, KRAs in market parlance, said out of nearly 11 crore investors under Sebi’s regulatory purview, about 1.3
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RBI bars fintechs from issuing biz credit cards on KYC worries
RBI has asked payment networks Visa and Mastercard to stop facilitating business credit card issues by fintech aggregators, also known
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FASTags with incomplete KYC to be deactivated post January 31
FASTags with a valid balance but an incomplete KYC will get deactivated or blacklisted by banks post-January 31, the Ministry
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No need to visit bank for confirming KYC, says Das
The Reserve Bank said banks should not ask for verifications/updates at the branch level in case a customer has done
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RBI penalises 3 co-operative banks
The Reserve Bank said it has imposed penalty on three cooperatives banks. In a statement, the RBI said a penalty
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RBI warns public on KYC frauds
RBI has asked members of the public not to respond to offers for getting their KYC (know-your-customer) details updated. The
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SBI introduces video KYC based savings account opening for customers
In order to help the customers open their respective accounts, SBI has recently launched a video KYC-based account opening feature
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