SEBI launches 'Saarthi 2.0' mobile app for investors

Daily Current Affairs / SEBI launches 'Saarthi 2.0' mobile app for investors

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Category : Business and economics Published on: June 07 2024

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The market regulator SEBI launched 'Saa ₹thi 2.0', a mobile app designed to help investors manage their personal finances with features like financial calculators, educational modules, and investor support tools.
Amid a surge in trading scams, India registered approximately 7,000 cyber-related complaints daily, with over 100,000 investment scam cases reported in 2023 and significant financial losses in 2024.
In the first four months of 2024, Indians lost Rs 1,760 crore to cybercriminals, including Rs 1,420 crore from trading scams, Rs 222 crore from investment scams, and Rs 13.23 crore from dating app frauds.

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SEBI launches 'Saarthi 2.0' mobile app for investors