Stressing on the point that due diligence in financial services is sacrosanct, the Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch said that the KYC Registration Authority (KRA) system in the stock markets is absolutely essential to keep the sector safe.Taking the example of Paytm, Buch said that she cannot allow something … Read more
Anthony Heredia, Managing Director and CEO, Mahindra Manulife, says “for the last two or three months, there has been a clear shift away from small and midcaps being the flavour of the month to perhaps flexi and multi-cap funds being the more relevant product. But what I am also seeing increasingly is a huge interest … Read more
Folios of several mutual fund investors have been frozen since April citing non-compliance with Know Your Customer (KYC) norms. ET takes a look at what went wrong and how to rectify it if you are an affected investor: What is the controversy around the MF KYC non-compliance?The Securities and Exchange Board of India, India’s capital … Read more
FASTags with a valid balance but an incomplete KYC will get deactivated or blacklisted by banks post-January 31, the Ministry of Road Transport and Highways said on Monday. To enhance the efficiency of the electronic toll collection system and provide seamless movement at the toll plazas, National Highways Authority of India (NHAI) has taken the … Read more
