Economy, Banking and Finance · 8 February 2026

Kotak Mahindra Bank issues India's first fully digital Foreign Portfolio Investor (FPI) licence

Exam-focused facts from the 8 February 2026 current affairs briefing.

Key facts

  • Kotak Mahindra Bank has become the first custodian in India to issue a Foreign Portfolio Investor (FPI) licence through a fully digital onboarding process.
  • The bank completed the entire account-opening process for overseas investors using electronic signatures.
  • The bank has already issued two FPI licences based entirely on digitally signed documents.
  • The move follows the Securities and Exchange Board of India (SEBI) operationalising a unified digital workflow in January 2026.

View this story in the full daily briefing

Earlier coverage selected by topic similarity to help connect developments over time.

1729 Capital gets RBI nod to raise Suryoday stake

RBI granted approval to foreign portfolio investor 1729 Capital to hold a total stake of 7.14% in Suryoday Small Finance Bank. As of September 30, the foreign portfolio investor held a 3.81% stake in the bank.