Sitharaman Prompts SEBI to Improve KYC Processes
Mumbai– Finance Preacher Nirmala Sitharaman has contacted the Stocks and Exchange Board of India (SEBI) to spearhead the simplification and digitalization of Know Your Customer (KYC) standards throughout the Indian protections market. Talking at SEBI’s Foundation Day, Sitharaman highlighted the demand for a smooth, safe, and mobile KYC experience for residents throughout economic systems.
- Standardization: SEBI urged to drive standardized issuance paperwork for company bonds.
- Cybersecurity: Regulators and entities need to reinforce defenses against significantly advanced AI-led cyberattacks.
- Local Bonds: Encouraged SEBI to collaborate on improving the framework for municipal bonds.
