Hyderabad, April 23 (IANS) Hyderabad Police Commissioner V. S. Sajjanar on Thursday asked the banks to focus on preventing cyber frauds by ensuring zero mule accounts.The Hyderabad police chief recommended the introduction of a twin-challenge framework to reorient bank branch priorities away from account-opening targets and towards citizen safety and institutional integrity.He strongly advocated that both these challenges should be embedded as formal Key Performance Indicators (KPIs) at the bran…
Latest KYC compliance News & Updates
New Delhi, Feb 19 (IANS) The Delhi High Court has agreed to examine a public interest litigation (PIL) seeking framing of comprehensive guidelines to curb the growing menace of frauds perpetrated through the Unified Payments Interface (UPI). Issuing notice, a bench of the Chief Justice D.K. Upadhyaya and Justice Tejas Karia sought responses from the Union government, the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) on the plea filed by retired Central governm…
Ahmedabad, Feb 10 (IANS) Against the backdrop of rising incidents of digital fraud and the increasing misuse of bank accounts, the Reserve Bank of India (RBI) is currently conducting “Financial Literacy Week-2026” from February 9 to 13, with a renewed focus on strengthening Know Your Customer (KYC) compliance as a key safeguard for secure banking, officials said on Tuesday. The programme has been organised annually by the RBI since 2016 to promote public awareness on important financial issues t…