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RBI Simplifies KYC Rules For Foreign Portfolio Investors, Eases Certification Requirements For Document Copies

RBI Simplifies KYC Rules For Foreign Portfolio Investors, Eases Certification Requirements For Document Copies
Photo: Free Press Journal · view original

Mumbai: The Reserve Bank of India has simplified Know Your Customer compliance for foreign portfolio investors, allowing Indian banks to accept specified documents certified by authorised officials outside India. The relaxation was introduced through the RBI (Commercial Banks–Know Your Customer)...

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