While often viewed as a bureaucratic hurdle, Know Your Customer rules serve a vital role in safeguarding the financial system. New approaches and increased flexibility aim to make KYC more effective and less burdensome for clients. Know Your Customer rules…
The Reserve Bank of India retains Tata Sons in the upper non-banking financial company layer for 2026-27, leaving the future of its market exit uncertain while the company seeks deregistration amid regulatory changes. The Reserve Bank of India has once…
The Saudi Insurance Authority mandates insurers to comply with new beneficial ownership transparency standards within 30 days, leveraging digital platforms to enhance anti-money laundering efforts and business transparency. Saudi Arabia’s Insurance Authority has told insurers to comply with the Kingdom’s…
India’s securities regulator is launching an extensive reform plan combining lighter compliance, advanced technology, and investor education to deepen and modernise markets in FY27, including AI-driven initiatives and regulatory simplifications. India’s markets regulator is preparing a wider reform drive in…
The Kerala Lok Ayukta has issued directives to ban unregistered bodies from using banking-related terms like ‘bank’ and ‘banker’, aiming to prevent public misrepresentation and safeguard financial trust. The Kerala Lok Ayukta has moved to curb the use of banking-related…
The Delhi Income Tax Appellate Tribunal clarifies that taxpayers cannot claim fresh capital gains exemptions after a notice under Section 148 unless such claims are included in a revised return, impacting property-related tax appeals. The Delhi bench of the Income…
LIC’s new Jeevan Akshay VII plan presents customised pension options for retirees seeking certainty, though with reduced payouts and limited inflation protection, highlighting a shift towards safety over growth in retirement income solutions. Life Insurance Corporation of India’s Jeevan Akshay…
India Post’s government-backed five-year time deposit scheme promises predictable returns at 7.5%, providing an accessible, low-risk savings option in a fluctuating interest rate environment. India Post’s time deposit scheme is being pitched as a low-risk way to turn a single…
India’s top court has extended mandatory third-party insurance periods for new vehicles, increasing upfront costs but aiming to improve road safety and crash victim payouts. India’s top court has effectively raised the cost of buying a new car or motorcycle…
The Centre confirms it will keep the Unified Pension Scheme as an option alongside the NPS, despite lingering employee concerns and ongoing debates about pension security and flexibility. The Centre has said it has no plan to alter the Unified…
