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RBI Imposes Rs 75 Lakh Penalty On HDFC Bank For Breach Of Norms
The Reserve Bank of India (RBI) has imposed a penalty of Rs 75 lakh on HDFC Bank, the country's largest private sector lender, for not complying with directions in the RBI's Know Your Customer (KYC) master direction, according to officials.
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"Multiple FASTags Won't Work", Says Highways Body As New Norm Comes Into Force
New FASTag rules: It is a pre-paid tag facility for vehicles that allows non-stop movement of traffic without having to wait at the toll plazas. The credit card-sized document is usually affixed on the windscreen of the car.
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FASTags With Incomplete KYC To Be Deactivated After Jan 31: Here's How To Avoid That
The National Highway Authority of India (NHAI) has announced that it will be deactivating those FASTags for which Know Your Customer (KYC) is not done.
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Telecom Bill Likely to Be Implemented in 6-10 Months, IT Minister Ashwini Vaishnaw Says
IT Minister Ashwini Vaishnaw said on Friday that the the new Telecom Bill that will replace the 137-year-old Indian Telegraph Act, Indian Wireless Telegraphy Act, and the Telegraph Wires (Unlawful Possession) Act, is likely to be in place within 6-10 months. The bill, once approved, may require over-the-top players like Whatsapp, Zoom and Google Du...
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For Flouting Norms, Government Action Against 21 Lakh Company Directors
The government has started the process of de-activating the identification numbers of nearly 21 lakh directors of companies as they failed to comply with KYC norms, according to a senior official.
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DoT Issues Norms for M2M KYC, Allows eSIMs
DoT issued a notice asking service providers which are offering Machine-to-Machine (M2M) services to follow KYC norms before issuing SIM cards.
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After RBI's Latest Move, Is Bitcoin Dead in India?
While banks are welcoming the move, Bitcoin insiders say things could have been handled better.
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RBI Imposes Rs 5 Crore Penalty On Airtel Payments Bank For Violating Norms
The Reserve Bank has imposed a penalty of Rs 5 crore on Airtel Payments Bank for violating operating guidelines and Know Your Customer (KYC) norms.
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Nearly 13.8 Lakh Biometric Aadhaar Scanners Used by Telcos Receive New Encryption: UIDAI
The move is aimed at adding a new device-level security layer at a time when Aadhaar-based e-KYC is being used by telecom industry for fresh connections and re-verification.
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How Sebi Has Stepped Up Surveillance On Money Laundering Activities
Sebi has also enhanced its cooperation with other regulators and agencies in India and abroad for investigations.
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8.7 Lakh Telecom Subscriber Forms Non-Compliant With Norms: Sinha
Telecom operators are mandated to verify all customers as per prescribed Know Your Customer (KYC) norms before enrolling them.
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RBI Master Directions 2017: What You Need to Know About the New Mobile Wallet Guidelines
The RBI has issued new directives for prepaid instruments including mobile wallets which put a lot of stress on security as well as putting the groundwork for new features such as interoperability.
-
RBI Imposes Rs 75 Lakh Penalty On HDFC Bank For Breach Of Norms
The Reserve Bank of India (RBI) has imposed a penalty of Rs 75 lakh on HDFC Bank, the country's largest private sector lender, for not complying with directions in the RBI's Know Your Customer (KYC) master direction, according to officials.
-
"Multiple FASTags Won't Work", Says Highways Body As New Norm Comes Into Force
New FASTag rules: It is a pre-paid tag facility for vehicles that allows non-stop movement of traffic without having to wait at the toll plazas. The credit card-sized document is usually affixed on the windscreen of the car.
-
FASTags With Incomplete KYC To Be Deactivated After Jan 31: Here's How To Avoid That
The National Highway Authority of India (NHAI) has announced that it will be deactivating those FASTags for which Know Your Customer (KYC) is not done.
-
Telecom Bill Likely to Be Implemented in 6-10 Months, IT Minister Ashwini Vaishnaw Says
IT Minister Ashwini Vaishnaw said on Friday that the the new Telecom Bill that will replace the 137-year-old Indian Telegraph Act, Indian Wireless Telegraphy Act, and the Telegraph Wires (Unlawful Possession) Act, is likely to be in place within 6-10 months. The bill, once approved, may require over-the-top players like Whatsapp, Zoom and Google Du...
-
For Flouting Norms, Government Action Against 21 Lakh Company Directors
The government has started the process of de-activating the identification numbers of nearly 21 lakh directors of companies as they failed to comply with KYC norms, according to a senior official.
-
DoT Issues Norms for M2M KYC, Allows eSIMs
DoT issued a notice asking service providers which are offering Machine-to-Machine (M2M) services to follow KYC norms before issuing SIM cards.
-
After RBI's Latest Move, Is Bitcoin Dead in India?
While banks are welcoming the move, Bitcoin insiders say things could have been handled better.
-
RBI Imposes Rs 5 Crore Penalty On Airtel Payments Bank For Violating Norms
The Reserve Bank has imposed a penalty of Rs 5 crore on Airtel Payments Bank for violating operating guidelines and Know Your Customer (KYC) norms.
-
Nearly 13.8 Lakh Biometric Aadhaar Scanners Used by Telcos Receive New Encryption: UIDAI
The move is aimed at adding a new device-level security layer at a time when Aadhaar-based e-KYC is being used by telecom industry for fresh connections and re-verification.
-
How Sebi Has Stepped Up Surveillance On Money Laundering Activities
Sebi has also enhanced its cooperation with other regulators and agencies in India and abroad for investigations.
-
8.7 Lakh Telecom Subscriber Forms Non-Compliant With Norms: Sinha
Telecom operators are mandated to verify all customers as per prescribed Know Your Customer (KYC) norms before enrolling them.
-
RBI Master Directions 2017: What You Need to Know About the New Mobile Wallet Guidelines
The RBI has issued new directives for prepaid instruments including mobile wallets which put a lot of stress on security as well as putting the groundwork for new features such as interoperability.
