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ARTICLE · 10 SEPTEMBER 2025

Sagus Speaks - August 2025 | Part 2

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The Reserve Bank of India ("RBI") by notification dated 14.08.2025 issued the RBI (Know Your Customer (KYC)) (2nd Amendment) Directions...

IndiaFinance and Banking
Sagus Legal LLP
Sagus Legal LLP

REGULATORY AND POLICY UPDATES

RBI issues Reserve Bank of India (Know Your Customer (KYC)) (2nd Amendment) Directions, 20251 .

The Reserve Bank of India ("RBI") by notification dated 14.08.2025 issued the RBI (Know Your Customer (KYC)) (2nd Amendment) Directions, 2025 ("KYC Amendment Directions") amending the RBI KYC Directions, 2016 ("KYC Master Directions"). Key highlights of the KYC Amendment Directions include as follows:

  1. A direct link to the Frequently Asked Questions (FAQs) on KYC has been added in the KYC Master Directions.
  2. RBI has clarified that the Customer Acceptance Policy to be framed by the regulated entities under the KYC Master Directions should not be applied in a manner that denies banking or financial services to the general public, especially to financially or socially disadvantaged persons, including Persons with Disabilities (PwDs). Further, no KYC application (whether for onboarding or periodic updation) shall be rejected without

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