In a significant step toward deepening foreign participation in India’s capital markets, Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey announced that the regulator is prioritising the simplification of Know Your Customer (KYC) procedures for non-resident Indians (NRIs) to enable remote onboarding.

Speaking at an event organised by the Bombay Stock Exchange Brokers’ Forum on October 11, Pandey said SEBI’s immediate goal is to ensure NRIs no longer need to travel to India to complete their KYC requirements. Advertisement

“We are yet to establish an easy and secure KYC access for NRIs to facilitate their participation in the securities market. This will be an urgent goal for us,” Pandey said.

Remote KYC for global Indian investors

SEBI is currently in discuss

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