Economy · India
SEBI Proposes Digital Onboarding for Foreign Investors
India's market regulator, SEBI, has proposed a fully digital Know Your Customer (KYC) process for Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), and other foreign nationals. This initiative aims to boost foreign participation in Indian securities markets. The proposal includes utilizing video verification for clients located abroad and accepting KYC details from other SEBI-registered entities. SEBI has also expanded the scope of online bond platforms to include IFSCA-regulated products and tax-saving bonds, emphasizing clear labeling and disclaimers for investor transparency.
How outlets across the spectrum covered it
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- Centre (4): Business Today, The Economic Times, The Hindu BusinessLine, The Tribune