New KYC rules: Mandatory masking of key identity proofs in CKYC from Jan 20 to prevent fraud

New KYC rules: Mandatory masking of key identity proofs in CKYC from Jan 20 to prevent fraud

KYC fraud: In a bid to prevent Know Your Customer (KYC) data from fraud and misuse, the launch date for masking KYC identifiers in the Central KYC Records Registry (CKYCRR) has been extended to January 20, 2025. This effort, designed to enhance data security and curb potential misuse, will conceal sensitive KYC information such as Aadhaar, … Read more

RBI’s newest pitch Unified Lending Interface: How will it revolutionise credit availability

RBI’s newest pitch Unified Lending Interface: How will it revolutionise credit availability

The Reserve Bank of India (RBI) is all set to float its ‘Unified Lending Interface’ (ULI) technology platform, which is expected to offer “frictionless credit” and will soon be available nationwide. On Monday, RBI Governor Shaktikanta Das, while speaking at the Global Conference on DPI and Emerging Technologies, said the central bank is expecting the … Read more

RBI monitoring financial institutions for any increase in stress

RBI monitoring financial institutions for any increase in stress

Reserve Bank of India (RBI) is regularly in touch with financial institutions to gauge any build up in stress whenever it is observed, deputy governor Mahesh Kumar Jain said in a post policy interaction with journalists. Jain was replying to a question on whether the RBI is comfortable with the quality of assets of the … Read more