PNB urges its customers to update KYC details by mid-December

New Delhi: Public sector lender Punjab National Bank (PNB) has asked its customers to update their Know Your Customer (KYC) information before December 18 to ensure the smooth functioning of their accounts, an official release said.

UIDAI approves CDSL Ventures Limited as local Authentication User Agency

Mumbai/IBNS: CDSL Ventures Limited, the wholly owned subsidiary of CDSL, has received the approval to begin its operations as a local Authentication User Agency (AUA)/e-KYC User Agency (KUA) with UIDAI.

Why background checks are vital for business success

Success of a business rides on several key elements. One such essential element is the practice of conducting a thorough background check either before employment of a candidate or before getting into a contract with another business entity.

Need to balance investor protection and punitive action to promote ‘ease of doing business’: SEBI Chairman

Mumbai, Dec 21 (IBNS): Financial Markets Regulator SEBI (Securities and Exchange Board of India) is not looking at taking up too many cases for punitive action – rather, it aims at taking action only in such cases where strong action is merited.

RBI backtracks on 5000 rupees directive, says those with KYC not to face questions

Mumbai, Dec 21 (IBNS) : Backtracking on its earlier directive, the Reserve Bank of India on Wednesday said bank customers with KYC need not to face any question while depositing up to Rs. 5,000 in old 500-rupee notes.

Walk out talking on Vodafone SuperNet with e-KYC

Mumbai, Aug 22 (IBNS): Vodafone India on Monday announced that effective Wednesday customers walking into its 4,500 plus select Vodafone stores and Vodafone mini stores across the country for a new connection, will be able to walk out talking on Vodafone SuperNetTM instantly.