Priyanka Tiwari
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Suspense crime, Digital Desk : In a bid to step up its communication, clarify recent developments and address the investors’ feedback, the Securities and Exchange Board of India (SEBI) has, altogether, contacted more than 2000 foreign portfolio investors (FPIs).
“There’s an FPI outreach…” for the purpose of engagement and issue resolution, explained Pandey.
Reforms in Registration Result in Quicker Approvals
The most notable achievement so far has been the significant decrease in the time it takes to register for something. In the words of Pandey:
The FPI registration process now takes, on average, less than 30 days.
This has served to resolve delays which were far worse previously.
All 200 plus cases pending for over four months have been cleared.
Pandey noted the impact of the new common application form and the simplified processes on the operational efficiency bottom line.
Gratification From Global Investors From Above
FPI’s praises for the new initiative were welcomed positively. The SEBI chairman, who took office on the 1st of March, gave the statement noting that the foreign portfolio investors (FPIs) were appreciative of the possibility of interaction. “It’s a good learning process for us too,” he said, asking regulators to understand more about foreign investors’ requirements which makes such interactions very useful.
As I Look Over Cross-Cultural Perspectives
Pandey attended an IOSCO conference where he interacted with international investors. He was particularly struck by the extent to which foreign institutions are interested in India—not merely in the markets but also in the human resource ecosystem.
Some of the larger international banks have already set up operations in India and employed between 20,000 to 40,000 staff in Chennai, Pune, Mumbai, and even in rising tier 2 cities.
As Pandey underscores, this brings additional advantages for India as a center for financial operations and business processing.
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