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Finmin for enhanced KYC, due diligence for merchants & banking correspondents to check fraud | Finance News

April 14, 2024 by buzzluv.com

[ad_1] 3 min read Last Updated : Apr 14 2024 | 11:49 AM IST In a bid to check incidence of BoB World app scam and other such financial frauds, the finance ministry makes a case for an enhanced KYC procedure and extensive due diligence by banks and financial institutions for onboarding merchants to … Read more

FSDC meet discusses ways for simplification, digitisation of KYC process | Economy & Policy News

February 21, 2024 by buzzluv.com

[ad_1] Finance Minister Nirmala Sitharaman with RBI Governor Shaktikanta Das during the Financial Stability and Development Council meet in New Delhi on Wednesday The Financial Stability and Development Council (FSDC), an apex-level body constituted by the government, met here on Wednesday to discuss formulating a strategy to simplify and digitalise Know Your Customer (KYC) … Read more