RBI extends the master direction of KYC to Housing Finance Companies

May 20, 2020 | by Avantis RegTech Legal Research Team


Industry Specific Compliance

The Reserve Bank of India (RBI) on May 19, 2020 has decided to extend the Master Direction – Know Your Customer (KYC) Direction, 2016 to all Housing Finance Companies (HFC) as well. The Master Direction consolidates direction on Know Your Customer (KYC), Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) and is applicable to all Regulated Entities of the Bank.

[RBI Notification No. DOR.NBFC (HFC).CC.No.111/03.10.136/2019-20]

 


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