Question
By when did the Reserve Bank of India (RBI) direct all
banks to ensure full compliance with KYC provisions, as per the guidelines introduced in 2002?Solution
The Reserve Bank of India introduced KYC guidelines for all banks in 2002. In 2004, RBI directed that all banks ensure that they are fully compliant with the KYC provisions before December 31, 2005. The purpose was to prevent money laundering, terrorist financing and theft.
Which class of algae is commonly known as brown algae?
World Tourism Day is observed annually on?
What is the full form of NUCFDC?
The leaning temple "Ratneshwar Mahadev temple" is located in which city of Uttar Pradesh?
What does the SARFAESI Act, 2002 allow secured creditors to do?
Kuchipudi is a classical dance form originating from which Indian state?
Nirmala Mishra passed away on 31st July, she was a renowned______?
As of July 2024, what position does India hold in the Henley Passport Index, providing visa-free or visa-on-arrival access to 58 countries?
Who among the following was the first Governor Uttar Pradesh after independence?
Which organization has launched the "Red List of Mangrove Ecosystems"?
