Soon, banks to add additional KYC verification layers; check details

[ New KYC updation process soon? Banks are working on strengthening their KYC (Know Your Customer) standards by adding extra verification layers to identify accounts and account holders. This initiative is being discussed with the Reserve Bank of India (RBI) and the government. The plan includes updating all existing accounts, especially those with a single … Read more

Regulators need not be too conservative, should respond fast to ‘accidents’ in financial sector: Uday Kotak | India Business News

[ NEW DELHI: Veteran banker Uday Kotak on Wednesday said regulators should not be too conservative and cautious but should respond fast to “accidents” in the financial sector.“Zero accident policy is also dangerous. If you are wanting to grow fast, there will be need for good regulations. We may have some accidents but it is … Read more

SBI CBO 2023 exam on Jan 21: Important topics and tips to score well in Banking Knowledge section

[ SBI CBO 2023: The State Bank of India is set to commence the SBI Circle Based Officer recruitment exam 2023 on January 21, 2024.Candidates who have registered for the recruitment exam for a vacancy of over 5,000 posts can download their admit cards from the official website at sbi.co.in/careers.SBI CBO 2023 exam patternThe SBI … Read more

Sebi streamlines criteria for grant of accreditation to investors

[ NEW DELHI: Capital markets regulator Sebi on Monday simplified the requirements for the grant of certification to accredited investors. A person or entity identified as an accredited investor based on net worth or income. Such investors can invest in securities that may not be available to retail investors. Under the framework, accreditation agencies, which … Read more