BE/RBI NOTE/15/2018 Updates on KYC Norms (Know Your Customer Norms) have now come out from Reserve Bank of India for Banks and financial entities. RBI for the first time since 2016 has strictly regulated these institutions from opening fictitious named accounts. The guideline adds: The REs (Regulated Entities) should ensure that no accounts are opened,
BE/RBI NOTE/15/2018 Updates on KYC Norms (Know Your Customer Norms) have now come out from Reserve Bank of India for Banks and financial entities. RBI for the first time since 2016 has strictly regulated these institutions from opening fictitious named accounts. The guideline adds: The REs (Regulated Entities) should ensure that no accounts are opened,