RBI extends KYC deadline to March 31
The Hindu
The Reserve Bank of India (RBI) extended the deadline for mandatory periodic updation of customer KYC by regulated entities till March 31, 2022.As per a May 5, 2021 circular, regulated entities were
The Reserve Bank of India (RBI) extended the deadline for mandatory periodic updation of customer KYC by regulated entities till March 31, 2022.
As per a May 5, 2021 circular, regulated entities were asked not to impose restrictions on operations of non-updated accounts till December 31 due to the pandemic. This relaxation has been extended by three months.
“In view of the prevalent uncertainty due to new variant of COVID-19, the relaxation provided in the aforementioned circular is hereby extended till March 31, 2022,” the RBI said on Thursday. Failure by regulated entities to carry out periodic updation of KYC of existing customers, the accounts would not be allowed to operate.
Rupee strengthens to 89.96 per US dollar amid corporate inflows and falling crude prices, signaling improved market sentiment.
Alembic Pharma gets U.S. FDA approval for its generic Travoprost ophthalmic solution
Aurobindo Pharma's subsidiary receives five observations from the U.S. FDA
Shares of Dell Technologies down 3.2% and HP Inc losing 3.5% on Thursday, missing out on tech rally sparked by an outsized profit forecast from Micron Technology.
Meta’s outgoing chief artificial intelligence scientist Yann LeCun is holding early talks to raise 500 million euros ($586.00 million) for a new startup
India’s trade data for November reveals continued resilience in exports despite mounting U.S. tariffs on several key products. This is particularly significant given that the U.S. remains India’s largest export partner by a substantial margin. Interestingly, overall exports have not only grown, but shipments specifically to the U.S. have also rebounded.
Bharti Airtel Ltd. Chief Executive Officer-designate Shashwat Sharma, who is currently the firm’s chief operating officer, will take over the firm’s reins as CEO on January 1, 2026.
India's crude processing rose 2.3% YoY in November, with state-owned refiners handling two-thirds of the total.
The government is working to amend the Sugar Control Order and further align it with the requirements of the industry at present, Secretary (Food) at the Ministry of Consumer Affairs, Food and Public Distribution Sanjeev Chopra said Thursday.
Indian stock markets decline for the fourth day due to weak global trends and uncertainty over a U.S. trade deal.
The rupee gained 12 paise to 90.26 against the dollar, supported by crude prices and RBI intervention.
India and Oman sign a free trade agreement, enhancing trade access and reducing tariffs on numerous goods and services.
Cyient Semiconductors to acquire a majority stake in Kinetic Tech for $93 million, enhancing its power IC leadership in Edge AI markets.