CVL KRA stands for KYC Registration Agency, which is registered with SEBI (Securities and Exchange Board of India) . As a KRA, CVL facilitates centralized storing, safeguarding, and retrieving the KYC (Know Your Client) information of investors and disseminating it to intermediaries as and when required. The core purpose of the KRA system is to obviate the need for submitting KYC documents again by an investor in the capital markets, once the same is updated in the KRA. The KRA facilitates single point change management and helps to maintain uniformity of data across intermediaries and improve compliance levels.

In summary, CVL KRA is a centralized system that stores and maintains KYC information of investors in the capital markets, which can be accessed by intermediaries as and when required. It helps to maintain uniformity of data across intermediaries and improve compliance levels.