New Delhi, Aug. 18 -- SEBI's proposal to allow Non-Resident Indians (NRIs) and other eligible overseas investors to complete their KYC digitally without being physically present in India could make it easier and faster for overseas money to enter Indian markets, Zerodha Founder and CEO Nithin Kamath said.

Kamath welcomed SEBI's move in a social media post, saying the proposal could remove a long-standing hurdle faced by NRIs seeking to invest in India.

Last week, SEBI released a consultation paper, "Review of Know Your Client Process for Individual Persons Resident Outside India" and proposed the relaxation for individual Persons Resident Outside India, including NRIs, Overseas Citizens of India (OCIs) and foreign nationals living abroa...