Quick Summary
Shri Shaktikanta Das, Governor, Reserve Bank of India launched three major initiatives of the Reserve Bank of India, namely the PRAVAAH portal, the Retail Direct Mobile App and a FinTech Repository in the presence of Shri Satish Kashinath Marathe, Prof. Sachin Chaturvedi, Directors on the Central Board of the Reserve Bank; Prof. H. Krishnamurthy, member of Board, Reserve Bank Innovation Hub (RBIH); Dr. M D Patra, Shri M Rajeshwar Rao, Shri T Rabi Sankar, Shri Swaminathan J, Deputy Governors of t
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FAQ :
PRAVAAH is a secure, web-based portal launched by the RBI that allows any individual or entity to submit applications online for various regulatory approvals and authorisations.
The app provides retail investors with a convenient way to access the Retail Direct platform and transact in government securities (G-Secs) directly from their smartphones.
The FinTech Repository collects information on the Indian FinTech sector, including entities, activities, and technology usage, to help regulators better understand the sector and formulate policies.
Yes, the PRAVAAH portal allows users to submit applications online, track their status, respond to queries, and receive decisions from the RBI in a timely manner.
These repositories are managed by the Reserve Bank Innovation Hub (RBIH), which is a wholly owned subsidiary of the RBI.
The Retail Direct Mobile App facilitates transactions in government securities (G-Secs), allowing retail investors to buy and sell them in both primary and secondary markets.
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