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Know your customer (KYC) guidelines and regulations in financial services require professionals to verify the identity, suitability, and risks involved with maintaining a business relationship with a customer. The procedures fit within the broader scope of anti-money laundering (AML) and counter terrorism financing (CTF) regulations.
Protean eGov Technologies Limited (previously NSDL e-Governance Infrastructure Limited) is an Indian technology company headquartered in Mumbai. [1] The company focuses on developing digital public infrastructure (DPI) and e-governance initiatives for various governmental bodies in India. [ 2 ]
This is the latest update in response to an earlier FIR filed by Mumbai Police raising questions of insider trading at MCX. [73] The court in its findings cited an audit report conducted by PWC, ruling that it was based on hearsay and dismissed the protest petition. It however accepted the C-summary report filed by the investigating officer. [74]
National Securities Depository Limited (NSDL) is an Indian central securities depository under the jurisdiction of Ministry of Finance, Government of India based in Mumbai. The enactment of Depositories Act, December 1995 paved the way for establishment of NSDL. It was established in 1995 as the first electronic securities depository in India ...
The subscribers should comply with the Know Your Customer (KYC) norms as detailed in the subscriber registration form. Should not be Un-discharged insolvent and individuals of unsound mind. A non-resident can open an account, but the account will be closed if the citizenship status of the NRI has been changed.
In 2015, eleven companies received In-principle approval from the Reserve Bank of India to set up Payments Bank under the guidelines for Licensing of Payments Bank. [6]On 11 April 2016, Airtel Payments Bank became the first company to receive the Payments Bank license from the Reserve Bank of India under Section 22 (1) of the Banking Regulation Act, 1949.
www.onlineservices.nsdl.com A permanent account number ( PAN ) is a ten-character alphanumeric identifier Foundational ID, issued in the form of a laminated "PAN card", by the Indian Income Tax Department , to any person who applies for it or to whom the department allots the number without an application.
[4] [5] [6] In 2021, the bank received a scheduled bank status from the RBI. [7] [8] Vijay Shekhar Sharma holds 51 percent in the entity with One97 Communications holding 49 percent. Vijay Shekhar Sharma is the promoter of Paytm Payments Bank, and One97 Communications Limited is not categorized as one of its promoters.