KFIN Technologies Subsidiary Receives SEBI Approval as KYC Registration Agency

KFin Technologies Limited informed that its wholly-owned subsidiary, KFin Services Private Limited (KSPL), has secured in-principle approval from the Securities and Exchange Board of India (SEBI) to act as a KYC Registration Agency (KRA). This clearance is a landmark for KSPL, which earlier had proposed availing several registrations, such as KYC Registration Agency with SEBI and other ancillary services with the Unique Identification Authority of India. This is in line with KFin Technologies' initiative to broaden its service bouquet in the financial segment. This comes after the company's previous announcement of a proposed investment of up to INR 20 crore in KSPL for its growth programs.

 

Source: MarketScreener