<br/>The Reserve Bank of India has directed banks and financial institutions to update their list of terrorists or terror-related organisations with the latest UN list of organisations linked with Al-Qaida and Taliban.<br/><br/>The RBI said in a notification that that Banks, financial institutions are required to update the consolidated list of individuals, entities as circulated by Reserve Bank and before opening any new account, it should be ensured that the name/s of the proposed customer does not appear in the list.<br/><br/>Earlier in August, the RBI had issued a similar direction to scheduled commercial banks and financial institutions asking them to be on vigil so that no account is opened or maintained for entities mentioned in the United Nation's list.