Come June, LPG customers with multiple connections, who fail to submit a Know Your Customer (KYC) form, will have their connections blocked by the oil companies. This is a part of the oil companies' move to weed out multiple connections and ensure that all ... Times of India, 3 days ago
OMCs likely to stop supplies to multiple connections with no KYC details - Penn Energy, 4 days ago
Submit KYC form or get ready to face supply cut of LPG cylinders from June 1 - Daily Bhaskar, 4 days ago
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Oil-marketing companies in the country have been directed by the government to stop supplies of LPG refills from June 1 to households with multiple connections for which no KYC (Know Your Customer) details have been provided. No transactions, ...New Indian Express, 3 days ago No KYC? No more cheap refills New Indian Express, 3 days ago June 1 KYC deadline for LPG users Times of India, 4 days ago 5/21/2013: Corporate Buzz: LPG supplies to households with multiple connections to stop from June 1 Hindustan Times, 19 hours ago
Cobrapost has thrown sand in the wheels of commerce by drawing attention to the flouting of know your customer (KYC) norms across the banking system. Those KYC norms make it difficult to invest white, black or grey money productively. By ...Sify, 3 days ago
ICICI Bank and HDFC Bank, the lenders found to have violated basic Know-Your-Customer (KYC) norms, have ordered their staff to go slow on sale of insurance products that are seen as the main means used by customers to avoid taxes and legitimise ...Nagaland Post, 3 days ago Cobra-stung private banks go easy on cover for now Economic Times, 4 days ago ICICI, HDFC Bank direct staff not to push insurance products India Infoline, 1 day ago
The Government and the Reserve Bank of India are contemplating amending the law relating to know-your-customer (KYC) guidelines so that steeper penalty can be imposed on banks violating the same. The proposal to increase penalty for KYC violations comes in ...Business Line, 5 days ago Cobrapost effect: RBI sends notice to ICICI, HDFC Bank, Axis First Post.com, 6 days ago ICICI, HDFC Bank, Axis flouted norms but no money laundering Livemint.com, 6 days ago SBI California operations under scanner Livemint.com, 2 weeks ago
RBI has sent show-cause notices to the erring banks and is awaiting their replies to take appropriate corrective measures PTI First Published: Fri, May 17 2013. 12 14 AM IST Referring to the Cobrapost expose and the punitive actions being planned on ...Livemint.com, 4 days ago Cobrapost fallout: Govt, RBI looking at hiking penalty Business Line, 5 days ago Cobrapost fallout: Govt, RBI mull higher penalty amount for banks Deccan Herald, 5 days ago Cobrapost fallout: Govt, RBI may hike penalty amount to more than Rs 1 cr First Post.com, 5 days ago
New Delhi: The Reserve Bank of India (RBI) has unearthed various discrepancies, including non-compliance of KYC norms and fictitious PAN, in its probe following the Cobrapost expose that alleged money laundering by banks.There were definitely violations of ...Deccan chronicle, 1 week ago Cobrapost expose: RBI completes probe; to take action against violators News on Air, 1 week ago RBI report finds discrepancies in banking operations Press Trust of India, 1 week ago Cobrapost sting: RBI probe finds anomalies in PAN, KYC usage First Post.com, 1 week ago
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The Reserve Bank of India, which had stepped in after investigative website Cobrapost alleged few executives at private sector lenders Axis Bank, HDFC and ICICI Bank have been indulging in money laundering activities, has found violation of know your customer ...Hindustan Times, 1 week ago RBI-probe-on-pvt-banks-finds-KYC-violations Hindustan Times, 1 week ago
KYC norms for social networking sites?The Hindu, 1 week ago RBI may tweak KYC norms to stem banking aberrations Financial Chronicle, 4 weeks ago RBI says will tweak 'know your customer' norms if required NDTV Profit, 4 weeks ago Will tweak KYC norms if required: Chakrabarty Press Trust of India, 4 weeks ago
Banks, which have come under scrutiny following allegations of money laundering by investigative portal Cobrapost, have blamed pressure from the government to meet increased deposit and lending growth targets for relaxing know your customer (KYC) norms.Hindustan Times, 1 week ago Banks blame govt pressure for going easy on KYC norms Hindustan Times, 1 week ago
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