Current Affairs · Banking Sector Regulations
Consider the following statements regarding RBI's KYC (Amendment) Directions, 2025: 1. Authorized Business Correspondents must conduct biometric-based e-KYC authentication before submitting documents. 2. RBI mandates at least two advance intimations and one reminder for KYC compliance. 3. Non-compliance with KYC updation results in automatic account closure without notice. 4. The implementation deadline for new KYC processes is January 1, 2026. Which one of the following options is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only 1, 2, and 4
- 2Only 2 and 3
- 3Only 1, 3, and 4
- 4Only 1 and 4✓
Correct answer
Only 1 and 4
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