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The Reserve Bank of India has instructed banks and NBFCs to permit transactions for low-risk customers with pending KYC until June 30, 2026, provided reminders are sent. Self-declaration via banking correspondents is now allowed for unchanged KYC or address updates. Banks can update KYC for inactive accounts and unclaimed deposits across branches, including through video identification.
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Rachel Reeves refuses to rule out future tax rises after economy contracted in April
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An Air India passenger plane bound for London with more than 240 people on board crashed Thursday in Indias northwestern city of Ahmedabad, and there were no known survivors, officials said.
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