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According to RBI regulations, customer due diligence (CDD) is required for international money transfers involving customers who are not account holders . This is to ensure proper verification of the transaction and customer identity, as international transactions are more vulnerable to money laundering and fraudulent activities. REs must ensure they have adequate documentation and verification before proceeding with such transactions.
A bank listing its Additional Tier 1 (AT1) bonds on an international financial services center (IFSC) is primarily doing so to:
Which of the following investment of banks are not marked-to-market?
What is the risk weight for the housing loans with LTV Ratio (Loan to Value Ratio) lesser than 80%?
Which country's central bank signed a pact with NPCI International Payments Limited (NIPL) to develop a UPI-like instant payment system?
Which of the following instruments in the Indian money market is a negotiable, unsecured instrument issued by banks and financial institutions to raise ...
A bank finds it difficult to repay the short term deposits on maturity because the funds of the bank are locked in ____
What measures are being implemented to improve the resilience of India's external sector?
RSP Ltd has a net profit margin of 12% and a total asset turnover of 1.2 times and a financial leverage multiplier of 1.2 times. RSP Ltd’s return ...
Which of the following is the correct sequence of steps in the communication process?
What is the difference between life insurance and general insurance in India?