NSE launches KYC Registration Agency

The National Stock Exchange (NSE) has launched a Know Your Customer (KYC) Registration Agency, or KRA, through its subsidiary, Dotex International. The move follows a Securities and Exchange Board of India circular, asking exchanges and depositories to start KRAs. The regulator’s initiative was aimed at benefitting investors, as their paper work would be reduced and they would have the option of going to another intermediary without repeating the KYC formalities.