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    Question

    Who is considered a Beneficial Owner under RBI KYC

    norms?
    A Any nominee of the company Correct Answer Incorrect Answer
    B Person authorized to operate the bank account Correct Answer Incorrect Answer
    C Individual holding ≥25% of controlling interest or capital Correct Answer Incorrect Answer
    D Promoter of the company Correct Answer Incorrect Answer
    E Chartered Accountant of the firm Correct Answer Incorrect Answer

    Solution

    A Beneficial Owner is someone who ultimately owns or controls the business. Under RBI norms, this typically refers to individuals holding ≥25% ownership or voting rights, and banks must identify them to assess actual credit exposure and risk.

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