kyc norms
Sitharaman in her maiden budget speech noted that a harmonised and hassle-free investment environment needs to be provided to foreign portfolio investors and KYC norms for them would be rationalised and simplified to be made more investment-friendly, without compromising on the integrity of cross-border capital flows. (Photo: Representational | PTI)
Budget 2019: KYC norms relaxation, other proposals for FPIs to boost economy: Experts
05 Jul 2019 7:33 PM

Finance Minister Nirmala Sitharaman in the Budget for 2019-20 proposed easing KYC norms for foreign portfolio investors.

RBI said the penalty has been imposed for non-compliance with certain provisions of directions issued by it on Know Your Customer norms.
RBI fines 4 bank, including PNB for violation of KYC norms
03 Jul 2019 8:45 AM

RBI imposed a penalty of Rs 1.75 crore on four public sector banks, including PNB and UCO Bank.

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