July 04, 2025 03:41 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Vijay named as TVK's CM face for upcoming Tamil Nadu polls | India says only Dalai Lama can decide his successor, China responds with warning | Pakistan had 30-45 seconds to respond: Shehbaz Sharif's aide on India's BrahMos attack during Op. Sindoor | Calcutta HC orders closure of all Bengal college union rooms until fresh elections in wake of Kolkata rape case | ‘We will cross that bridge when we come to it’: Jaishankar’s response on US bill proposing 500% tariffs | 'We slapped because of his attitude': MNS worker justifies assault on shopkeeper for not speaking Marathi | 'Marathi will have to be spoken in Maharashtra': State minister after MNS workers' assault on shopkeeper | PM Modi conferred with 'The Officer of the Order of the Star of Ghana' | Three Indian nationals abducted in Al-Qaeda-linked group's attack in Mali, MEA expresses 'deep concern' | Pune woman raped by man posing as delivery boy, police probe on
Photo courtesy: File image/UNI

RBI introduces PRAVAAH portal, Retail Direct mobile app and FinTech Repository

| @indiablooms | May 29, 2024, at 04:39 am

Mumbai: The Reserve Bank of India (RBI) introduced three important initiatives on Tuesday: the PRAVAAH portal, the RBI Retail Direct mobile application, and the FinTech Repository, previously announced in April 2023, April 2024, and December 2023, respectively.

These initiatives were launched by Governor Shaktikanta Das in the presence of several industry leaders.

They are designed to improve regulatory processes, facilitate retail investment, and provide detailed information on the fintech sector,

According to the RBI, the PRAVAAH portal (Platform for Regulatory Application, VAlidation, and AutHorisation) is a secure, centralized online platform that allows individuals and entities to request authorizations, licenses, or regulatory approvals from the RBI.

The Retail Direct Mobile App, available on both Android and iOS, enables retail investors to easily buy and sell government securities (G-Secs) directly from their smartphones, simplifying transactions in both the primary and secondary markets.

Finally, the FinTech Repository aims to provide comprehensive data on Indian fintech firms, aiding in better regulatory understanding and policy development.

"Simultaneously, a related repository for only RBI regulated entities (banks and NBFCs) on their adoption of emerging technologies (like AI, ML, Cloud Computing, DLT, Quantum, etc.), called EmTech Repository is also being launched," the RBI said in a media release.

Both repositories, managed by the Reserve Bank Innovation Hub (RBIH), are designed to support policymakers and industry participants with valuable sectoral insights, it said.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
Close menu