At a time when foreign deposits into Indian banks are dominating policy conversations, investments by non-resident Indians (NRIs) into Indian stock markets have also slowed down, data from the central depositories showed.
While larger geopolitical uncertainties coupled with the underperformance of the Indian markets have played a critical role in this slowdown, stringent and cumbersome know your customer (KYC) regulatory guidelines pertaining to NRI customers are a major reason, according to stock brokers.
