Question
What is the purpose of performing Due Diligence by banks
under KYC norms?Solution
Due diligence helps banks understand a customer's financial profile and intentions, allowing them to identify credit risks and prevent fraud. It’s a core step in a risk-based KYC process, especially for MSME borrowers where documentation may vary.
With reference to Section 126 of The Indian Contract Act, 1872 read the following statements and select the correct option from below:
1. Guar...
Order 32 of CPC is related to:
Under Section 36 of the BNSS, 2023, which of the following is NOT a mandatory requirement for a police officer while making an arrest?
The Act makes online mediation possible by:
Under which section does the LLP Act provide for the removal of a designated partner?
Under The Specific Relief Act, 1963, any person having the possession or control of a particular article of movable property, of which he is not the own...
In light of the given statement, identify the Doctrine based on which the court will decide constitutional issues only if strict requirement compels it ...
The assets in India of every banking company at the close of business on the last Friday of every quarter or, if that Friday is a public holiday at the...
The Court shall take Judicial Notice of certain facts. Which of the following facts is not included?
In which of the ways can a contract be discharged?
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