At a time when fraud attacks on the Indian financial services ecosystem is going up, banks are pushing the adoption of video KYC instead of electronic KYC as a way to open digital accounts, according ...

According to the central bank, a statutory inspection found that HDFC Bank had adopted multiple benchmarks within the same loan category, violating regulatory guidelines. Additionally, the bank was ...

Financial services organizations are under increasing pressure from regulators to focus on KYC and client due diligence. This pressure is exhibited in the form of fines and penalties that have been ...