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According to RBI regulations, customer due diligence (CDD) is required for international money transfers involving customers who are not account holders . This is to ensure proper verification of the transaction and customer identity, as international transactions are more vulnerable to money laundering and fraudulent activities. REs must ensure they have adequate documentation and verification before proceeding with such transactions.
Which bank has been assigned the Lead Bank Responsibility for the newly formed district of Maihar in the state of Madhya Pradesh?
Overall responsibility for management of liquidity risk lies with the
Which fintech company received RBI’s authorization to act as a payment aggregator in August 2024?
Under which conditions can a company declare or pay dividends for a financial year as per the Companies Act?
Under the Pradhan Mantri Mudra Yojana (PMMY), collateral-free institutional credit up to _________ is provided by Member Lending Institutions (MLIs).
Where did India Exim Bank open its East Africa Representative Office to enhance trade and business ties?
What is the maximum loan limit under PMEGP for manufacturing businesses?
Consider the following statements with reference to the IFSCA Act:
1) The IFSCA Act was enacted in 2019 to provide for the establishment of...
Which of the following best describes a "bulge bracket" investment bank?