RGNUL Financial & Mercantile Law Review

This piece is authored by Adarsh Kumar, second-year, B.Sc. LL.B (Hons.) student and Raghav Kumar, third-year, B.A. LL.B (Hons.) student at Gujarat National Law University, Gandhinagar. Introduction The Reserve Bank of India (‘RBI’) issued the Reserve Bank of India (Commercial Banks – Know Your Customer) Amendment Directions, 2026 on 18 September 2026, extending to Foreign Portfolio Investors (‘FPIs’) the alternative procedure of documentary certification previously available