Employment of third-party vendors to conduct KYC processes is another issue. They bombard customers with document requests, ...

PNB has warned its customers to be careful when updating their KYC details. The Bank has asked them to be cautious of emails ...

Lack of activity for 24 months makes an account dormant, preventing fresh buy and sell orders till the re-KYC process is ...

Video KYC has transformed banking, but two smart upgrades—dynamic verification codes and PAN-Aadhaar API checks—can make it ...

RBI said that HDFC Bank violated Know Your Customer (KYC) norms, while Punjab & Sind Bank faced penalty for non-compliance ...

Only 1% of banks in Singapore have successfully automated the majority of their KYC and onboarding workflows. Here's why the ...

RBI imposes penalties on HDFC Bank, Punjab & Sind Bank, and KLM Axiva Finvest for non-compliance with regulations.

The Reserve Bank of India found HDFC Bank violated Know Your Customer (KYC) norms as laid down by RBI's Master Direction - ...

PNB’s advisory is meant for customers whose accounts are due for KYC (know your customer) updates by March 31. The ...

India’s largest private sector lender, HDFC Bank was monetarily penalized for Rs 75 lakh by RBI over omissions regarding KYC ...

According to RBI, the HDFC Bank did not categorise certain customers into low, medium or high risk category based on its ...

Customers can update KYC details by providing identity proof, address proof, a recent photo, PAN/Form 60, income proof, and ...