All posts tagged "Aadhaar"
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229AML / KYCSEBI Allows Intermediaries, Funds to Use Aadhaar for e-KYC
Intermediaries and mutual fund distributors are not allowed to store investors’ Aadhaar numbers “under any circumstances”.
November 8, 2019 -
447AML / KYCRBI Grants Another Extension for e-Wallet KYC Compliance
This is the fourth time the deadline has been extended. Wallet companies were first asked to complete KYC processes for each customer by December 2017.
September 3, 2019 -
509AML / KYCIndia Withdraws FPI Tax Surcharge Amid Foreign Pressure
The surcharge, introduced last month, increased capital gains tax on foreign trusts investing in India to over 40%, prompting the stock market’s worst July in 17 years.
August 26, 2019 -
830FeatureIndia Enables Consent-Based Financial Data Sharing
Four years of collaboration between India's major financial regulators has resulted in a new platform that enables financial services providers to share data with other institutions based explicitly on user consent.
July 26, 2019 -
534AML / KYCSET Unveils Gateway to Access National Digital ID Platform
The new gateway will reduce the setup costs required to access the NDID and enable financial firms to enable full digitisation of customer onboarding more quickly.
July 22, 2019 -
467AML / KYCRBI Allows Banks to Use Aadhaar for KYC
The RBI will allow banks to use Aadhaar to authenticate and verify customer identities, provided customer consent is obtained.
May 31, 2019 -
653AML / KYC
RBI Extends KYC Compliance Deadline for e-Wallet Firms
Following months of intense lobbying by e-wallet providers, the RBI has extended the deadline for completion of KYC processes by six months.
February 27, 2019 -
517InternationalIndia Tops Global Data Breach List For 2018 – Report
India, Vietnam and Australia were among the top five jurisdictions globally in terms of records exposed.
August 22, 2018 -
415AML / KYC
India’s Biometric Identity Database Vulnerable to Cyber Attacks: RBI Research
Aadhaar throwing up issues around data security even as financial benefits of the nation-wide biometric identification system are unclear.
January 11, 2018
