Kotak Mahindra Bank Issues India’s 1st Fully Digital FPI Licence
In February 2026, Kotak Mahindra Bank Limited (KMBL), an Indian private sector bank, became the 1st custodian in India to issue a Foreign Portfolio Investor (FPI) licence and complete the entire onboarding process using electronic signatures(e-signature).
Key Details:
Digital Workflow: This development comes after the Securities and Exchange Board of India (SEBI) operationalised a unified digital workflow in January 2026, enabling the use of Digital Signature Certificates (DSCs) and electronic signatures through the FPI Common Application Form (CAF) portal.
In February 2026, Kotak Mahindra Bank Limited (KMBL), an Indian private sector bank, became the 1st custodian in India to issue a Foreign Portfolio Investor (FPI) licence and complete the entire onboarding process using electronic signatures(e-signature).
Key Details:
Digital Workflow: This development comes after the Securities and Exchange Board of India (SEBI) operationalised a unified digital workflow in January 2026, enabling the use of Digital Signature Certificates (DSCs) and electronic signatures through the FPI Common Application Form (CAF) portal.
- As per SEBI’s directions, DSCs must be issued by Indian certifying authorities in compliance with the Information Technology (IT) Act, 2000.
Digital Licence: Earlier, KMBL issued its first two FPI licences using fully digitally signed documents, eliminating the need for physical paperwork and wet signatures.
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