Finance Minister Nirmala Sitharaman has urged the Securities and Exchange Board of India (Sebi) to lead the implementation of uniform Know Your Customer (KYC) norms across the financial sector. This initiative aims to simplify compliance and facilitate seamless updates for investors. Sitharaman emphasized the need for a 'seamless, secure, and portable' KYC framework. The proposal has been discussed at the Financial Stability and Development Council (FSDC). Sitharaman highlighted Sebi's unique position to drive this initiative. She also emphasized the need to deepen India’s bond markets, strengthen credit enhancement mechanisms, and develop municipal bonds. On a global scale, Sitharaman encouraged Sebi to strengthen engagement with international regulators. Sebi Chairman Tuhin Kanta Pandey highlighted the rapid growth of India’s capital markets.