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Banking Current Affairs 15 October 2017

RBI Introduces Strict KYC Norms to Keep E-Wallets Safe

Through its most recent arrangement of rules for E-Wallets, Reserve Bank of India (RBI) has presented strictly know your client (KYC) standards which have evoked a blended reaction from advanced wallet organizations.

  • E-Wallet firms have been told to guarantee KYC consistency of existing clients by December 31, 2017.
  • Clients who don’t have stipulated KYC set up will be permitted to keep just up to Rs 10,000 in wallets post the deadline.No credit office will be given to such clients if KYC isn’t finished inside next a year

HDFC Bank dispatches SmartUp zones to sustain, work together with new companies

In an offer to end up plainly favored financier for the start-up group in India, HDFC Bank has reported the dispatch of SmartUp zones in its branches crosswise over India.

About HDFC Bank’s SmartUp Zones:

  • A selective zone inside the branch premises of HDFC Bank (to allude as SmartUp Zones) will be devoted to new companies.
  • Uniquely prepared HDFC bank staff will be available in these Smartup Zones, who will offer tailor-made managing an account and counseling answers for business people.
  • To begin with, SmartUp zones will be propelled in more than 65 HDFC Bank offices in 30 urban communities including Tier-2 and-3 urban areas that are developing as start-up center points.
  • With regards to this news, it is critical to realize that HDFC Bank has included various esteem included administrations like SmartUp entry, progressed lawful advisories, and industry-the scholarly community connection, among others to its current item called ‘SmartUp’ which was propelled in 2016.

15 October 2017 Current Affairs in India