Regulatory Application News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Shaktikanta Das, governor of Reserve Bank of India (RBI), launched three major initiatives of RBI, a platform for regulatory application, validation and authorisation (PRAVAAH) portal, a retail direct mobile app and a fintech repository. These three initiatives were earlier announced as part of RBI’s bi-monthly statement on development and regulatory policies in April 2023, April 2024 and December 2023, respectively.

The Reserve Bank of India launched three major initiatives, namely the PRAVAAH portal, the Retail Direct Mobile App, and a FinTech Repository, to facilitate individuals and entities reaching out to the apex bank. A gilt account is a savings account that holds government securities The scheme allows retail investors to buy G-Secs in the primary auctions and sell G-Secs in the secondary market.

The retail direct portal was launched in November 2021 to facilitate retail investors to open their Retail Direct Gilt accounts with the Reserve Bank of India under the Retail Direct Scheme.

The Reserve Bank of India (RBI) has launched three major initiatives to enhance regulatory processes, facilitate retail investment, and provide comprehensive data on the fintech sector. The PRAVAAH portal is a secure web-based platform for individuals and entities seeking authorizations, licenses, or approvals from the RBI. The RBI Retail Direct mobile application simplifies transactions for retail investors, and the FinTech Repository provides data on Indian fintech firms for better regulatory understanding and policy formulation.

The central bank also launched the PRAVAAH portal for any individual or entity to apply online for various regulatory approvals in a seamless manner.