Nithin Kamath Praises SEBI Proposal To Simplify NRI Onboarding
· Business · NDTV Profit, Times of India
Zerodha founder Nithin Kamath has lauded a new SEBI proposal aimed at removing hurdles for non-resident Indian (NRI) investors. The proposal focuses on digitising the onboarding process, which Kamath estimates could reduce account opening times to just one or two days. Currently, the process for NRIs to open investment accounts in India is often lengthy and cumbersome. The move is expected to streamline participation for the Indian diaspora in domestic financial markets.
Why it matters
Simplifying the onboarding process for NRIs could significantly increase the flow of foreign capital into Indian stock markets by removing bureaucratic friction for retail investors.
Read the original report — NDTV Profit
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