know your customer

RBI slaps ₹1.32 crore financial penalty on PNB

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The Reserve Financial institution of India (RBI) has imposed a financial penalty of ₹131.80 lakh on Punjab Nationwide Financial institution (PNB) for non-compliance with its instructions issued on ‘Loans and Advances’ and ‘Know Your Buyer (KYC)’. Based mostly on supervisory findings of non-compliance with its instructions (after Statutory Inspection for Supervisory Analysis on the subject … Read more

Authorities blocks 392 cell handsets, reverifies 31,740 connections towards electrical energy KYC replace rip-off

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The Division of Telecommunications (DoT) on Monday, stated it has initiated focused actions to guard residents in response to stories of fraudulent actions involving cell numbers in electrical energy know your buyer (KYC) replace scams. Additionally learn:Airtel prepays ₹7,904 cr to DoT to clear spectrum dues The Division stated it has directed pan India worldwide … Read more