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State Bank of India readies plan to ease KYC process

State Bank of India has embarked on a drive to cut the Know Your Customer (KYC) process to a single one across its branches, a top official said on Tuesday. IMAGE: Kindly note the image has been......

Sitharaman Orders Banks to Return Unclaimed Citizens' Money

Given that a sizeable part of this money is part of the coveted current accounts and savings accounts, it is surprising that banks are not in a hurry to revive these accounts, notes Tamal......

'Prime Minister Modi Has Been Fiscally Conscious'

'Spend, but create assets, spend but make sure that people benefit from it.' 'This has been a beautiful guiding principle. And I think as a finance minister I owe so much to the prime minister for......

Gross NPAs of banks decline to 12-yr low of 2.6%: RBI report

The Reserve Bank on Monday said asset quality of banks improved further and their gross non-performing assets (GNPA) or bad loans ratio declined to a 12-year low of 2.6 per cent in September 2024......

Uniform KYC Norms On The Cards

Illustration: Uttam Ghosh/Rediff.com   Days after the Financial Stability and Development Council (FSDC) discussed a proposal to bring out uniform Know Your Customer (KYC) norms, the......

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