Mumbai, June 18 -- The market regulator Securities and Exchange Board of India (SEBI) on Wednesday approved a set of relaxations for Foreign Portfolio Investors (FPIs) investing in Indian Government Bonds (IGBs), also known as G-Secs.

The decision is part of a series of proposals cleared by the SEBI Board during its meeting that took place in Mumbai.

The market regulator has harmonised the periodicity of Know Your Customer (KYC) reviews for GS-FPIs with those mandated by the Reserve Bank of India.

SEBI Chairman Tuhin Kanta Pandey made the announcements of SEBI Board decisions on Wednesday.

In another critical relaxation, GS-FPIs will be exempt from submitting investor group details, a requirement primarily intended for monitoring equi...