RBI issues amendment Directions on Know Your Customer (KYC) norms for Regulated Entities

The Reserve Bank of India (RBI), vide notifications dated December 29, 2025, issued amendments regarding Know Your Customer (KYC) norms (KYC Amendment Directions), applicable to each type of entity regulated by the Department of Regulation, RBI (Regulated Entities or REs). This was done in order to clarify the responsibility of entities uploaded customer records to and downloading the same from the Central KYC Records Registry (CKYCR), which was being undertaken based on the extant guidelines issued by the RBI.

The directions provide for the insertion of an explanation in the respective KYC Directions for each RE stated that, the RE that has last uploaded or updated the customer’s Know Your Customer (KYC) records in the CKYCR shall be responsible for verifying the identity and/or address of the customer, as applicable. Accordingly, any bank downloading and relying on such records from the CKCYR shall not be required to re-verify the authenticity of the customer’s identity and/or address, provided the KYC records downloaded from CKYCR are current and compliant with the PML Act or rules made thereunder. The bank downloading and relying on KYC records downloaded from the CKCYR shall remain responsible for all aspects of CDD procedure and provisions of these Directions, except verification of identity and/or address of the customer. 

For more details, kindly refer to the KYC Amendment Directions notified by the RBI, available from this link.