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RBI Eases KYC Rules For FPIs, Overseas Certification Now Allowed

RBI Eases KYC Rules For FPIs, Overseas Certification Now Allowed
Photo: Free Press Journal · view original

New Delhi: The Reserve Bank of India has simplified Know Your Customer compliance for foreign portfolio investors by permitting Indian banks to accept original certified copies of specified documents verified by authorised officials overseas. The relaxation, introduced through the RBI (Commercial...

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