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RBI’s new initiatives
June 1 , 2024
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- Reserve Bank of India has launched three major initiatives: the PRAVAAH portal, the Retail Direct Mobile App, and a FinTech Repository.
- These three initiatives were announced in April 2023, April 2024, and December 2023.
- Pravaah is a secure and centralised web-based portal for any individual or entity to seek authorisation.
- The retail direct site was introduced in November 2021 to let retail investors create Retail Direct Gilt accounts with the RBI via the Retail Direct Scheme.
- With the retail direct mobile app, retail investors may now deal in G-Secs using their cell phones.
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