Question
Kotak Mahindra Bank became India’s first custodian to
issue which of the following in a fully digital manner using electronic signatures?Solution
Kotak Mahindra Bank became the first custodian in India to issue a Foreign Portfolio Investor (FPI) licence and complete the entire account-opening process using electronic signatures. This indicates that the licensing and onboarding for overseas portfolio investors was completed through a fully digital route without physical signatures.
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