RBI Guv Shaktikanta Das launches PRAVAAH, Retail Direct mobile app and FinTech Repository

Daily Current Affairs / RBI Guv Shaktikanta Das launches PRAVAAH, Retail Direct mobile app and FinTech Repository

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Category : Business and economics Published on: May 30 2024

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The Reserve Bank of India (RBI) introduced three significant initiatives on May 28, 2024: the PRAVAH portal, a mobile app for retail investors to trade in government securities, and a Fintech Repository.
The PRAVAAH (Platform for Regulatory Application, Validation, and Authorization) serves as a centralized web-based platform for individuals or entities to apply for authorization, licenses, or regulatory approvals from the RBI, offering 60 online application forms across various regulatory departments, ensuring a streamlined and time-bound process.

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RBI Guv Shaktikanta Das launches PRAVAAH, Retail Direct mobile app and FinTech Repository