The Reserve Bank of India has issued the Reserve Bank of India (Non-Banking Financial Companies – Know Your Customer) Amendment Directions, 2025, effective immediately, to clarify responsibilities relating to the Central KYC Records Registry (CKYCR). Under the amendment, the regulated entity (RE) that last uploads or updates a customer’s KYC records in CKYCR shall be responsible for verification of the customer’s identity and/or address. Consequently, NBFCs downloading and relying on such KYC records are not required to re-verify identity or address, provided the records are current and compliant with the PML framework, while continuing to remain responsible for all other customer due diligence (CDD) obligations under the Directions.
Link – https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13236&Mode=0
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