Current Affairs - Banking - Discussion

Kotak Mahindra Bank achieved a significant milestone by becoming the first institution in India to issue a fully digital FPI licence. The entire process, from application to approval, was completed online using electronic signatures, without any physical paperwork. This was enabled by SEBI’s unified digital workflow, which allows seamless coordination among custodians and market intermediaries. The initiative simplifies onboarding for foreign investors, reduces time and compliance costs, and enhances transparency. By adopting global best practices in digital finance, this step strengthens India’s capital market infrastructure and supports the country’s broader push for ease of doing business and Digital India.