Question
Mintifi Finserve, an NBFC, was penalised by RBI for
failing to upload KYC records to which registry within the prescribed timeline?Solution
RBI imposed a penalty of Rs 3.10 lakh on Mintifi Finserve for failure to upload certain customers' Know Your Customer (KYC) records to the Central KYC Records Registry (CKYCR) within the prescribed timeline. CKYCR is a centralised repository of KYC records.
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