SynopsisInvestments by Non-Resident Indians (NRIs) in Indian stock markets are slowing, despite a rise in account openings. While global uncertainties play a role, stringent Know Your Customer (KYC) rules are a major hurdle. Industry insiders believe easing these regulations, particularly through digitisation and e-notarisation, could significantly boost remittance flows.At a time when foreign deposits into Indian banks are dominating policy conversations, investments by non-resident Indians (NRIs) into Indian stock markets have also slowed down, data from the central depositories showed.While larger geopolitical uncertainties coupled with the underperformance of the Indian markets have played a critical role in this slowdown, stringent and cumbersome know your customer (KYC) regulatory guidelines pertaining toNow Playing
Strict KYC rules hit NRI equity investments - The Economic Times
Investments by Non-Resident Indians (NRIs) in Indian stock markets are slowing, despite a rise in account openings. While global uncertainties play a role, stringent Know Your Customer (KYC) rules are a major hurdle. Industry insiders believe easing these regulations, particularly through digitisation and e-notarisation, could significantly boost remittance flows.
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