KYC

Markets regulator Sebi on Thursday allowed entities regulated by the IFSCA to access the systems of registered KYC registration agencies, facilitating seamless sharing of client information for financial services. The markets watchdog said the step will enable interoperability and facilitate sharing of information between Sebi-registered KRAs and entities regulated by IFSCA. Under the move, the International Financial Services Centres Authority (IFSCA) regulated entities can access KYC Registration Agencies (KRAs) records for carrying out KYC of clients who engage them for financial services, Sebi said. A KYC Registration Agency (KRA) is an agency that maintains investors' KYC (Know Your Customer) records. KYC is the process through which financial institutions verify the identity and other required details of their clients. The Securities and Exchange Board of India (Sebi) has included IFSCA-regulated entities under Regulation 16A(1) of the KYC Registration Agency Regulations, 201

Regulator seeks to ease onboarding in FATF-compliant countries via remote verification

The day's opinion highlights flaws in closing auctions, the funding challenge in digital payments, humane KYC, cognitive warfare and everyday gender discrimination

An effective KYC programme can make banking easy for genuine customers

Check Point Research warns that AI-generated faces, voices and identity documents are making remote identity verification less reliable, forcing banks to rethink digital trust and KYC security

Draft framework aims to eliminate repetitive KYC by introducing a unique client ID and mandatory KRA integration for regulated entities in GIFT City

Finance Minister Nirmala Sitharaman urges Sebi to simplify KYC, adopt anticipatory regulation, strengthen cybersecurity safeguards, and deepen bond markets to support long-term growth

The push comes as India's internet ecosystem expands rapidly

MCA has relaxed KYC norms for company directors, cutting the filing frequency to once every three years while mandating updates within 30 days of any change in personal details

New FASTags issued to cars will no longer require Know Your Vehicle checks from February 1, 2026, as NHAI aims to ease compliance and end post-activation inconvenience for users

Labour and Employment Minister Mansukh Mandaviya said EPFO will run a mission-mode KYC drive and roll out a digital platform to simplify claims for money stuck in idle accounts

Bharti Airtel CTO Randeep Sekhon explains how AI is boosting network efficiency, cutting costs, improving customer experience and preventing real-time fraud across Airtel's operations

Cap of Rs 20 lakh per work; 100% e-KYC and pre-estimation field visits mandatory

Under the proposed norms, through an app, it will be ensured that the GPS location captured by the intermediary matches that of the country given in the client's proof of address

Under the new proposal, first-time investments in newly created MF folios can only be made after KYC verification is completed by the KYC Registration Agency (KRA)

Risk assessment firms are using data available publicly or obtained through user consent but is not available through credit bureaus to detect mule accounts, syndicates, and risky borrowers

Sebi is considering new relaxations for foreign portfolio investors, including a common KYC system and wider use of India Digital Signature to simplify onboarding and compliance

Sebi on Friday issued a circular to streamline the process for surrendering KYC registration to ensure an orderly winding down of such agencies' operations while safeguarding investors' interests. In a circular issued on Friday, the Securities and Exchange Board of India (Sebi) said the framework is necessary to deal with voluntary exits by KRAs due to business decisions and involuntary exits triggered by financial distress or regulatory action. "It is decided that the process for surrender of KRA registration should be streamlined for voluntary/involuntary scenarios so that critical operations and services of KRA are wound down in an orderly manner," the regulator said. According to the framework, the Know Your Client (KYC) Registration Agencies (KRAs) are required to maintain interoperability and portability of investor KYC records. Under the new norms, the regulator said KRAs surrendering their registration will be required to transfer all KYC records, including modifications an

Bima Sugam, the Irdai-backed digital insurance marketplace, is expected to launch Phase I in December with e-KYC and initial products, sources said, after missing earlier timelines

RBI reports 3.5 mn bank accounts have completed re-KYC during nationwide financial inclusion camps running from July to September 2025 at Gram Panchayat level