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3 weeks, 4 days ago

How integrating PAN 2.0 with Aadhaar and ‘e-Rupee’ can streamline investments and KYC

On your last vacation, remember the number of times you had to show your physical Aadhaar card and Permanent Account Number card to comply with know-your-customer norms at hotels and airports? Integrating the Aadhaar card’s address details in the dynamic QR code can make PAN 2.0 a universally acceptable single-point identity and address proof identifier for investments across asset classes. …

Aadhaar Digital Card Physical Rbi Code Pan

5 months, 1 week ago

RBI Imposes Penalties on Ola Financial Services, Manappuram Finance, Visa Worldwide for KYC Norm Violations And Unauthorized Payment Methods

Live Law

The Reserve Bank of India has imposed penalties on Ola Financial Services Pvt. Further, Ola Financial Services reported a shortfall in its escrow account balance and filed an application for compounding this violation. Similar to Ola Financial Services, Manappuram's failure to adhere to these crucial regulatory directions prompted the RBI to take action. The "Card Not Present transactions – Relaxation …

Financial Payment Ola Rbi Transactions Kyc Authentication

9 months, 2 weeks ago

Electoral bonds: Donor-party link public after SC push

Hindustan Times

The Election Commission of India on Thursday released State Bank of India data listing the unique serial number linked with each electoral bond and other details about beneficiaries and donors, allowing the matching purchasers of bonds with the political parties that received the funds. Under the 2018 EB scheme — which was quashed by a Constitution bench of the Supreme …

Supreme Court Constitution Political Data Political Parties Information Congress

11 months, 1 week ago

FASTag KYC Compliance Deadline Extended; Check Date & Other Details

News 18

The National Highway Authority of India extended the KYC compliance deadline for FASTags by one month — February 29, 2024 — a senior government official said. When a car with a FASTag on it approaches a toll booth, the system scans the tag and deducts the toll directly from the associated card or account. DOCUMENTS REQUIRED FOR FASTag KYC Vehicle …

Fastags Fastag Kyc Fastag Kyc Compliance Check Date Multiple Fastag Kyc Compliance

11 months, 1 week ago

FASTag KYC compliance deadline extended by one month

India TV News

FASTags update: Indian Highways Management Company, an arm of state-owned NHAI, will extend the KYC compliance deadline for FASTags by one month, a senior government official said today. To enhance the efficiency of the electronic toll collection system and provide seamless movement at toll plazas, it has taken the 'One Vehicle, One FASTag' initiative that aims to discourage the use …

One Month Toll Kyc Fastag Kyc Compliance Deadline

11 months, 1 week ago

Six members of online crime syndicate held for duping people of ₹15 crore: Police

Hindustan Times

Rourkela police have busted an international online crime syndicate that allegedly defrauded people of at least ₹15 crore, according to preliminary investigations, the police announced. Six members of the syndicate were arrested on Friday by a team of Rourkela Police led by subdivisional police officer Upasana Padhi from Rourkela, Bhilai, Raipur in Chhattisgarh, and Ludhiana in Punjab after the Indian …

India Victims Indian Joshi Sim Rourkela Accounts

11 months, 3 weeks ago

NHAI to deactivate these FASTags on cars from January 31; here's why

Hindustan Times

The state-owned National Highway Authority of India has announced that it will be deactivating the FASTags on some of the cars by January 31, 2024. NHAI has taken this step to further streamline and authenticate the new and improved toll collection system across India, and getting the KYC for your FASTag done is now mandatory till January 31 this year. …

Vehicle Rbi Nhai Toll Kyc Fastag Toll Plazas

1 year, 3 months ago

Aftab Shivdasani loses ₹1.5 lakh in KYC fraud

Hindustan Times

Bollywood actor Aftab Shivdasani became a victim of cyber fraud and lost ₹1.50 lakh after he received a text message in which he was asked to update his Know Your Customer details linked to a leading private sector bank, police said on Tuesday. The incident took place on Sunday and a case in this connection was registered the next day, …

His Account Shivdasani Kyc Details

1 year, 3 months ago

KYC And Aadhaar Related Service Provider ‘Karvy Data Management Services Ltd.’ Admitted Into Insolvency: NCLT Hyderabad

Live Law

The National Company Law Tribunal, Hyderabad Bench, comprising of Dr. Venkata Ramakrishna Badarinath Nandula and Shri Charan Singh, while adjudicating a petition filed in M/s Allied Hi-Tech Industries Private Ltd. v Karvy Data Management Services Limited, has initiated Corporate Insolvency Resolution Process against Karvy Data Management Services Limited. Background Facts Karvy Data Management Services Limited is a KYC Registration Agency …

Corporate Services Corporate Debtor Service Nclt Bench Shri

1 year, 9 months ago

Scam Alert! How scammers tricked 81 UPI users in Mumbai and stole over Rs 1 crore in KYC scam

Firstpost

UPDATE: The National Payments Corporation of India shared an official statement which has been added to the end of the article. That hasn’t prevented scam artists from coming up with novel methods to defraud people using popular mobile payment applications. However, if the user returns the money using one of these UPI applications, the scammer will gain access to all …

Scam Payment Users Upi Kyc Kyc Scam

1 year, 10 months ago

Claim your shares and money lying with the IEPF

Live Mint

Did you know that more than ₹5,000 crore is lying with the Investor Education and Protection Fund in the form of unclaimed dividends on shares and interest on bonds and debentures, besides 1.16 billion unclaimed shares. Such amounts—dividends, application money, matured deposits/ debentures —that are unclaimed by investors for seven years are transferred to the IEPF. Government of India'established the …

Investors Pan Kyc Rta Iepfa Iepf Unclaimed Securities

1 year, 11 months ago

Union Budget 2023: Read Nirmala Sitharaman's full speech here

Hindustan Times

Union finance minister Nirmala Sitharaman presented the Union Budget 2023-24 in the Parliament on Wednesday. I propose to provide enhanced limits of ` 3 crore and ` 75 lakh respectively, to the tax payers whose cash receipts are no more than 5 per cent. It is proposed to make amendments relating to exemption provided to charitable trusts and institution to …

India Infrastructure Development Financial Life Tax Urban Infrastructure

2 years, 2 months ago

Aadhaar e-KYC transactions go up by 7.7% to 25.25 crore in September: Govt

Hindustan Times

The number of e-KYC transactions executed using Aadhaar surged to 25.25 crore in September, registering a growth of 7.7% as compared to August, according to data released by the Ministry of Electronics and IT on Tuesday. The cumulative number of e-KYC transactions via Aadhaar so far has increased to 1297.93 crore by the end of September, the government data showed. …

Aadhaar Crore Transactions Kyc Authentication

2 years, 4 months ago

Jan Dhan Accounts Grow Threefold To 46.25 Crore Since Inception; Know Key Benefits

News 18

Financial inclusion scheme Pradhan Mantri Jan Dhan Yojna was launched by Prime Minister Narendra Modi on August 28, 2014. The success of the PMJDY since August 28, 2014 is reflected in terms of opening of over 46 crore bank accounts with deposit balance of Rs 1.74 lakh crore with its expanded coverage to 67 per cent rural or semi-urban areas …

Financial Inclusion Financial Inclusion Crore Cent Jan Accounts

2 years, 5 months ago

ED issues order to freeze ₹64.67 crore linked to WazirX

The Hindu

The Enforcement Directorate has conducted searches against one of the directors of Zanmai Lab Private Limited, which owns crypto-currency exchange WazirX, and issued an order to freeze ₹64.67 crore kept in bank accounts. “These companies and the virtual assets are untraceable at the moment.maximum amount of funds were diverted to WazirX exchange and the crypto assets so purchased have been …

Crypto Assets Funds Binance Transactions Exchange Kyc

2 years, 7 months ago

BPL cards with no e-KYC compliance set to be suspended in Karnataka

The Hindu

Five years after the e-KYC was made mandatory for all BPL card beneficiaries, the State government is set to keep about 22 lakh BPL cards under suspension, as about 35.5 lakh beneficiaries are yet to provide their thumb impression in their respective public distribution shops across the State. Increasing compliance Food and Civil Supplies Minister Umesh Katti said that the …

Karnataka State Card Cards Lakh Complete Kyc

2 years, 10 months ago

Safety Hacks You Should Know to Stay Protected from Rising Online Banking Frauds in India

News 18

With the significant rise in the use of digital systems over the years, cybercriminals have swarmed the internet to perform online crimes such as data fraud, theft as well as hacking and the banking sector is also not out of their reach. Devious ways The most common forms of banking fraud in India are: Vishing- Phone calls pretending to be …

Online Phone Rbi Banks Details Kyc Frauds

3 years ago

Global Spam Report 2021: KYC Emerged As Popular Scamming Method In India. Check Details

ABP News

New Delhi: Did you know that one of the most common scams in the country remains the popular know your customer scam? According to the findings of the Global Spam Report 2021, KYC scam was the most widespread where fraudsters pretended to be a bank, wallet, or digital payment service asking for user KYC documents as mandated by the Reserve …

Global India Report Month User Spam Spam Calls

3 years, 8 months ago

Covid-19: RBI Governor announces measures to tackle 2nd wave, promises more steps

India Today

The Reserve Bank of India on Wednesday announced a slew of measures to help India tackle the unprecedented Covid-19 crisis during the second wave. RBI MEASURES TO TACKLE SECOND COVID WAVE RBI Governor Shaktikanta Das said the measures proposed today are part of the first round of calibrated and comprehensive strategy against the pandemic. The RBI has also proposed “On-tap …

India Small Businesses Crore Small Das Facility Governor

4 years ago

Big fraud! ED attaches assets worth Rs 225 crore of companies fraudulently availing agri loans

India TV News

The Enforcement Directorate has attached properties worth Rs 255 crore in a case connected to fraudulent availing of agricultural loans in the name of poor farmers. The agency provisionally attached assets worth Rs 255 crore of Gangakhed Sugar Energy Ltd, Yogeswari Hatcheries, and Gangakhed Solar Power Ltd under Prevention of Money Laundering Act in an agricultural bank loan fraud case. …

Fraud Farmers Bank Loans Loan Crore Banks

4 years, 11 months ago

Fact-check: Has the RBI really asked banks to accept NPR letter as a KYC document?

India TV News

The Central Bank of India on Jan 11 issued an Reportedly, around Rs 4.5 crore cash, large deposits in savings bank accounts have been withdrawn from the Kayalpattinam branch of the Central Bank of India, Tuticorin, since Saturday. Fact-checking news website BoomLive has found that the central bank has indeed issued a new set of guidelines, as per which the …

Bank Guidelines Rbi Document Kyc Central Bank Of India Npr Letter

5 years, 5 months ago

Is self-regulation the way forward for the MF industry and intermediaries?

Live Mint

The topic of the third panel discussion at the sixth edition of Mint Mutual Fund Conclave was: Building Investor Centricity: Regulatory Direction. What has happened in the debt market has somewhat reduced the validity of the ‘Mutual funds sahi hai’ campaign. As market players, we didn’t really appreciate that, but now when I look at it in hindsight, I think …

India Market Industry Regulation Indian Mutual Funds Right

5 years, 6 months ago

RBI Imposes Rs 1.75 Cr Fine On Four Private Sector Banks Including PNB For Violation Of KYC Norms

ABP News

New Delhi: The Reserve Bank of India on Monday imposed penalty on as many as four public sector banks ranging between Rs 25-50 lakhs for non-compliance of Know Your Customers norms and anti-money laundering standards. Giving details, the RBI said the penalty has been imposed for non-compliance with certain provisions of directions issued by it on Know Your Customer norms …

Bank Rbi Banks Hdfc Bank Pnb

5 years, 11 months ago

Budget 2019: Industry wants clarity in e-KYC norms, rationalisation in GST and increase in tax deduction limits

Firstpost

The government may come out with new policies or benefits even though this is only an interim budget, says India Inc Finance minister Arun Jaitley will present the interim budge for 2019-20 fiscal on February, 2019. In order to build investor confidence, hope the government lessens regulatory compliance and introduces certain tax reliefs such as extending the tax exemption window …

India Growth Tax Hope Budget Startups Fintech

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Articles for Kyc, search results for crore

How integrating PAN 2.0 with Aadhaar and ‘e-Rupee’ can streamline investments and KYC

RBI Imposes Penalties on Ola Financial Services, Manappuram Finance, Visa Worldwide for KYC Norm Violations And Unauthorized Payment Methods

Electoral bonds: Donor-party link public after SC push

FASTag KYC Compliance Deadline Extended; Check Date & Other Details

FASTag KYC compliance deadline extended by one month

Six members of online crime syndicate held for duping people of ₹15 crore: Police

NHAI to deactivate these FASTags on cars from January 31; here's why

Aftab Shivdasani loses ₹1.5 lakh in KYC fraud

KYC And Aadhaar Related Service Provider ‘Karvy Data Management Services Ltd.’ Admitted Into Insolvency: NCLT Hyderabad

Scam Alert! How scammers tricked 81 UPI users in Mumbai and stole over Rs 1 crore in KYC scam

Claim your shares and money lying with the IEPF

Union Budget 2023: Read Nirmala Sitharaman's full speech here

Aadhaar e-KYC transactions go up by 7.7% to 25.25 crore in September: Govt

Jan Dhan Accounts Grow Threefold To 46.25 Crore Since Inception; Know Key Benefits

ED issues order to freeze ₹64.67 crore linked to WazirX

BPL cards with no e-KYC compliance set to be suspended in Karnataka

Safety Hacks You Should Know to Stay Protected from Rising Online Banking Frauds in India

Global Spam Report 2021: KYC Emerged As Popular Scamming Method In India. Check Details

Covid-19: RBI Governor announces measures to tackle 2nd wave, promises more steps

Big fraud! ED attaches assets worth Rs 225 crore of companies fraudulently availing agri loans

Fact-check: Has the RBI really asked banks to accept NPR letter as a KYC document?

Is self-regulation the way forward for the MF industry and intermediaries?

RBI Imposes Rs 1.75 Cr Fine On Four Private Sector Banks Including PNB For Violation Of KYC Norms

Budget 2019: Industry wants clarity in e-KYC norms, rationalisation in GST and increase in tax deduction limits