RBI AND SEBI TO EASE RULES FOR FOREIGN INVESTORS?

India engaging with stakeholders to streamline KYC norms

- Business Desk

The Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI) are in advanced discussions to ease entry processes for new overseas investors, at a time when oreign flows into the economy remain weak, according to a Reuters report on Tuesday.

The changes would include fewer and standardised documentation and less scrutiny on investors that are already regulated in other countries. That will reduce the time taken to register in India to 30-60 days from nearly six months, bringing them in line with global standards, said the sources, who have direct knowledge of the matter. They declined to be named as discussions are private.