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RBI Releases New Aadhaar eKYC Application Guidelines For NBFCs

New Aadhaar Licence Procedure For NBFCs In a notification sent on September 13, 2021; RBI informed the chairpersons & CEOs of NBFCs of the new guidelines for applying for an Aadhaar licence to use online eKYC for client authentication via the client’s...

Everything You Need To Know About RBI’s New Video KYC Norms

Regulations,V-CIP,Video KYC

RBI amends Video KYC & KYC updation rules RBI announced an amendment to its Master Direction on KYC late on May 12, 2021. The amendment covers a broad range of topics concerning Video KYC, V-CIP (Video-based Customer Identification Procedure), and...

RBI Governor Announces Changes to KYC Norms; Emphasizes Video KYC

Regulations,Video KYC

RBI Governor Releases Statement On May 5, 2021, the governor of the RBI, Shaktikanta Das released a statement looking back on the year 2020. In his statement, the governor assessed the state of the Indian economy and announced several measures the RBI...

RBI introduces norms to curb digital lending malpractices

Regulations

In a recent notification, RBI introduced a set of fair practice codes and outsourcing guidelines for banks and NBFCs to follow when they make use of digital lenders to outsource financial services such as providing loans and recovering dues. But why is...

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