Question
What is the purpose of performing Due Diligence by banks
under KYC norms?Solution
Due diligence helps banks understand the nature and background of customers, including their financial standing and intent, helping assess potential credit or fraud risks. It's a key part of the risk-based KYC process.
Which of the following Union Ministry recently receives Porter Prize 2023?
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Which of the following city of India recorded the highest sequential contraction in Housing price index report of Q4:2021?
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Recently Flipkart signed an MoU under its Samarth programme which state Government to support self-help groups (SHGs), artisans and weavers in the state...
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Who won the menās Ballon dāOr in 2024?
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