alleryBeneficial owner identification is not needed for a customer that is:
ALending in India
BListed in India
CLocated in India
DLicensed in India
Answer & Solution
Correct answer: B. Listed in India
1. The exemption also covers subsidiaries of such entities.
2. Public disclosure already covers the ownership.
3. It applies to an entity listed on an Indian stock exchange.
_Source: Reserve Bank of India (Commercial Banks - Know Your Customer) Directions, 2025_
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