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RBI extends deadline to update KYC details on e-wallets

The Reserve Bank of India (RBI) extended the deadline that was imposed for e-wallet users to update their Know Your Customer (KYC) details on the...

Mutual fund sector to discontinue Aadhaar-based identification, as per UIDAI’s direction

The Unique Identification Authority of India (UIDAI) issued a letter to mutual fund houses, the registrar, transfer agents, as well as online distributors saying...

RBI requires full KYC for online wallets, Rs.12,000 crore business at...

The Reserve Bank of India has directed online wallets to fulfill KYC requirements for the entire customer base. The move will put 80% of...

Airtel’s eKYC licence suspended

Unique Identification Authority of India (UDAI), has forbidden Bharti Airtel from performing the e-KYC process of mobile customers and payments bank. The telecommunication giant...

SBI: Blockchain with smart contracts next month, KYC to follow soon

By next month, State Bank of India (SBI) will launch beta versions of blockchain-enabled smart contracts. The country’s largest lender will also rollout blockchain-enabled...

RBI directs all banks to provide doorstep facility for senior citizens...

The RBI has issued a directive to banks to make basic banking easier for senior citizens above the age of 70 and for those...