KYC

Plea filed in Telangana HC against SBI for seeking NPR as proof

Advocate Khaja Aijazuddin said that the SBI corporate centre, Mumbai, issued a notification on January 26 stating that KYC updation has to be carried out periodically for all its customers.

published on : 26th February 2020

Banks, fintech firms await government word on Aadhaar

One can self-volunteer to link Aadhaar and opt for the e-KYC process, which empowers customers, but customers can now opt not to, even it may limit credit access.

published on : 28th September 2018

Telecom operators to face challenges as Supreme Court order stops Aadhaar-based e-KYC

According to industry sources, all telecom operators have moved completely to e-Know Your Customer system to verify customers using Aadhaar

published on : 27th September 2018

Department of Telecom puts Aadhaar based face authentication on hold 

The Department of Telecom (DoT) in a letter dated September 19, 2018, to the UIDAI CEO said that the judgement on petition filed in the apex court challenging Aadhaar based e-KYC process

published on : 24th September 2018

RBI penalises two UP-based cooperative banks for violating KYC norms

The RBI has also imposed a penalty of Rs 2 lakh on National Urban Co-operative Bank, Bahraich for non-filing of a return on asset and liabilities.

published on : 18th September 2018

Aadhaar seeding must for bank accounts under KYC norms: RBI

The Reserve Bank of India (RBI) has made linking of national biometric ID Aadhaar to bank accounts mandatory as part of it's updated 'Know Your Customer (KYC)' guidelines.

published on : 21st April 2018

Paytm spokesperson denies aksing for Aadhaar number

Paytm gives users an option to do KYC with any document as suggested in KYC guidelines.; Aadhaar number is not mandatory - he said.

published on : 29th March 2018

UIDAI's 'Virtual ID' for Aadhaar: Here is how the new VID will work

The Unique Identification Authority of India introduced 'Virtual ID' (VID) to safeguard Aadhaar cardholders' data.

published on : 10th January 2018

Airtel Payments Bank MD and CEO Shashi Arora quits after firm's Aadhaar e-KYC misuse

Airtel Payments Bank Managing Director and CEO Shashi Arora has resigned in the wake of the firm's eKYC licence suspension by Aadhaar-issuing body UIDAI.

published on : 22nd December 2017

UIDAI gives conditional nod to Airtel for resuming telecom eKYC verification till January 10

The Aadhaar-issuing body UIDAI today allowed Bharti Airtel to conduct eKYC verification for its telecom subscribers till January 10 with stiff riders but maintained its 'suspension' order.

published on : 21st December 2017

Stop Aadhaar-based SIM verification: UIDAI tells Bharti Airtel, Payments Bank

The action follows allegations of Bharti Airtel using the Aadhaar-eKYC based SIM verification process to open payments bank accounts of its subscribers without their 'informed consent'.

published on : 16th December 2017

UIDAI temporarily suspends Airtel, Payments Bank's Aadhaar linked e-KYC services

The Unique Identification Authority of India has temporarily suspended telecom major Bharti Airtel and Airtel Payment Bank's "Aadhaar linked e-KYC" services.

published on : 16th December 2017
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