The Reserve Bank of India vide its Notification dated 19th May 2020 decided to extend the Master Direction – Know Your Customer (KYC) Direction, 2016 to all Housing Finance Companies.
RBI published the Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016 on 25th February 2016 which has consolidated the Know Your Customer (KYC), Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) directions. It shall be applicable to all Regulated Entities and also apply to those branches and majority-owned subsidiaries of the REs which are located abroad.
Click here to read the Notification.
