New Delhi, June 6 -- Startup Policy Forum (SPF), an industry body representing India's new-age companies, has urged regulators to simplify Know Your Customer (KYC) and digital onboarding processes for Non-Resident Indians (NRIs), citing operational hurdles that may be limiting investment inflows into Indian financial markets.

Industry Body Seeks Easier Digital Onboarding For NRIs

In a submission to the Securities and Exchange Board of India (SEBI) and the Finance Ministry, SPF highlighted several challenges faced by NRIs while accessing Indian financial services and proposed reforms to create a more seamless digital onboarding framework.

The recommendations come shortly after the Reserve Bank of India proposed increasing the investment...