India's first fully digital FPI licence has been issued by Kotak Mahindra Bank

India's first fully digital FPI licence has been issued by Kotak Mahindra Bank

¨     India's first fully digital FPI licence has been issued by Kotak Mahindra Bank.

¨     Kotak Mahindra Bank achieved a first in India’s financial sector.

¨     It issued a foreign portfolio investor licence through a fully digital process.

¨     The bank is the first custodian in the country to do so.

¨     The entire FPI account-opening process was completed online.

¨   Electronic signatures were used at every stage and no physical documents were required from investors.

¨     Kotak Mahindra Bank has already issued two FPI licences.

¨     Both licences were granted using only digitally signed documents.

¨     The move makes onboarding easier for overseas investors.

¨     It marks a significant step toward paperless investing in India.

¨     The initiative follows recent regulatory reforms.

¨     The Securities and Exchange Board of India enabled a unified digital workflow.

¨     SEBI operationalised this system in January 2026.