B.Com. (Banking and Insurance) KYC in Banking and Insurance Syllabus - Mumbai University
This is the SY BBI syllabus under NEP 2020, in force from the academic year 2025-26. The University still sets the earlier Choice Based papers alongside it for ATKT candidates, so check which scheme your exam form names before you revise.
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Syllabus for KYC in Banking and Insurance
Module I: Fundamentals of KYC & Regulatory Framework
- Unit 1: Introduction to KYC and Customer Due Diligence (CDD): Definition, objectives, and significance of KYC, Customer identification and verification process, Role of KYC in financial fraud prevention
- Unit 2: Regulatory Guidelines & Legal Framework: RBI, SEBI, IRDAI, and FIU-IND guidelines on KYC, AML and CFT regulations, Penalties for non-compliance and regulatory actions
Module II: Practical Applications & Emerging Trends in KYC
- Unit 1: Types of KYC & Documentation Requirements: KYC for individuals vs. businesses (PAN, Aadhaar, Voter ID, GSTIN, etc.),CKYC (Central KYC) and Digital KYC processes, Re- KYC and periodic updates
- Unit 2: Technology in KYC & Fraud Prevention: Role of AI, machine learning, and blockchain in KYC, e-KYC and Aadhaar-based authentication, Risk-based KYC approach and fraud detection techniques
Reference Books
- 1 "Anti-Money Laundering & Know Your Customer" – Indian Institute of Banking and Finance
- 2 "Banking Theory and Practice" – K.C. Shekhar & Lekshmy Shekhar
- 3 "Big Data: A Source of KYC in Reference of Indian Banking" – Jitendra Kumar, Kiran Kumar Pattanaik, and Arvind Pandey
- 4 "Analysing India's KYC Framework through the Privacy Lens" – Amber Sinha and Srinivas Kodali
- 5 "Know Your Customer (KYC) Direction, 2016" – Reserve Bank of India
Reproduced from the University of Mumbai syllabus for B.Com. (Banking & Insurance) under NEP 2020, in force from the academic year 2025-26. Wording is as printed in that syllabus. Module numbering is as printed there too.
The complete syllabus
This subject is cut from the University circular for its year. Open a document here if you want the whole thing rather than a single subject.