RBI’s new KYC rules confound banks
The central bank’s directive to intensify scrutiny of customers onboarded through Central KYC or DigiLocker seems to be at odds with the government’s Digital India mission.
6 June, 2023•6 min
0
6 June, 2023•6 min
0
More in Internet
Internet
PhonePe’s transition from payments to a financial services company is incomplete
The company’s IPO plans come amid weak numbers, slow growth of new platforms, challenges in its core payments business and a rather dull stock market.
You may also like
Business
The hidden debt behind rural India’s ‘prosperity’
How well rural consumption is doing is subjective. What isn’t subjective is how growing indebtedness, combined with stagnant income growth, is creating a tinderbox for households, banks and consumer companies that no one is talking about.
Business
Why IndusInd Bank promoter Ashok Hinduja was never really in the dark
As the private lender reeled from serial scandals, Hinduja insisted he was merely a shareholder. Board-level links, conflicts of interest and regulatory blind spots suggest otherwise.
Business
Banking on growth in 2026
A tumultuous year comes to a close for Indian banks, as they await a revival in borrowing in the new year.