KYC or ‘Know your customer’ is a verification process, mandated by the Reserve Bank of India, for institutions to confirm and thereby verify the authenticity of customers. To verify their ...

KYC or KYC checks are the “mandatory process of identifying and verifying the client's identity when opening an account and periodically over time.” In simpler terms, financial institutions ...

During the COVID-19 pandemic, board meetings, family get-togethers, new product launches, etc. are happening via video calls. Banks are not far behind in adopting the video platform technology to ...

In-person verification (IPV), mandated by Sebi in 2011, is a part of the KYC process used to establish the identity of the person. IPV is the physical verification of the information provided in ...

They declined to go on record. They said the execution of the new norm looked flawed although a central KYC agency was mooted to ease the investment process, help speed up financial inclusion and ...