• Capital markets regulator Securities and Exchange Board of India, SEBI, has launched India’s first Know Your Customer Registration Agency - KRA.

  • SEBI’s Chairman, Mr. U.K. Sinha launched the service at Bombay Stock Exchange.

  • This  system avoids duplication of customer details and is interoperable, which means that other market participants can share the data and bring in more uniformity.

  •  Sebi will soon launch a mass media campaign to educate retail investors about the simplified KYC norms.