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Informist, Thursday, Sept. 10, 2026

 

MUMBAI – Citi Thursday launched a service that will cut the registration time for foreign portfolio investors across geographies to five business days, it said in a release. The "eFPI @ Citi" was launched at the Global Fintech Fest with heads of markets regulator Securities and Exchange Board of India and The National Securities Depository Ltd. in attendance.

 

The service would cut down the registration time from several months or weeks to five business days now, Citi said, adding that it was the first in the market to do so. The US-based lender's Indian unit handles around a third of FPI assets under custody in the country. SEBI has over the past 15 months taken several steps to simplify the registration process for FPIs investing in India, particularly those picking up only government securities. 

 

"The service is being rolled out in phases, with the first phase now live and covering regulated public funds — including mutual funds and unit trusts — from the United States, Ireland and Luxembourg," according to a release. The second phase will include Singapore, Canada, Australia, and the UK, Citi said.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by Nandini Sinha

Edited by Deepshikha Bhardwaj

 

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