July 23, 2025 06:44 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Air India completes inspections of Fuel Control Switch on Boeing aircrafts after deadly Ahmedabad crash | Supreme Court refuses to stop QR code directive for eateries along Kanwar Yatra route | 'Can't allow Aadhaar, Voter ID, Ration cards as eligible documents for SIR': Election Commission to Supreme Court | 'Wish him good health': PM Modi on Jagdeep Dhankhar's shock resignation | 'There are far deeper reasons': Congress on Jagdeep Dhankhar's shock resignation as Veep | Donald Trump ended India-Pakistan war: White House repeats 'ceasefire' claim | Bangladesh: 27 people, including 25 students, die in jet crash | Mamata Banerjee says SIR won't be allowed in Bengal, threatens to launch movement if exercise is attempted | Deeply shocked and saddened: Narendra Modi on Bangladesh aviation tragedy | Former Kerala CM VS Achuthanandan dies at 101 after prolonged illness
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