Securities and Exchange Board of India has relaxed Know Your Client requirements for overseas investors. This change enables non-resident Indians, Overseas Citizens of India, and foreign nationals to onboard digitally. Individuals from FATF-compliant countries can now submit KYC details remotely without being in India. Intermediaries are allowed to rely on existing KYC records and conduct video verifications when necessary.
Niva Bupa Q2 YoY profit after tax soars 124%
Niva Bupa Health Insurance reported an impressive 124% year-on-year profit surge in the second quarter, leading to a profit after tax of ₹136 crore, up