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ARTICLE · 18 JUNE 2025

AKP Banking & Finance Digest June 16, 2025

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The Reserve Bank of India ("RBI") has released updated Frequently Asked Questions ("FAQs") on the Master Direction on Know Your Customer ("KYC") dated February 25, 2016.

IndiaFinance and Banking
Anuroop Omkar
Anuroop Omkar

We are delighted to share this week's AKP Banking & Finance Weekly Digest. Please feel free to write to us with your feedback at [email protected]. We shall now be hosting our weekly updates at Spotify!

1. Regulatory Updates

1.1. India

Reserve Bank of India (RBI)

1.1.1. RBI publishes updated FAQs on KYC compliance framework

The Reserve Bank of India ("RBI") has released updated Frequently Asked Questions ("FAQs") on the Master Direction on Know Your Customer ("KYC") dated February 25, 2016. The revised FAQs clarify procedural aspects including the definition of "Walk-in Customer," mandatory instances for KYC verification, and documentation norms for existing account holders.

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