Shaktikanta Das, governor of Reserve Bank of India (RBI), launched three major initiatives of RBI, a platform for regulatory application, validation and authorisation (PRAVAAH) portal, a retail direct mobile app and a fintech repository. These three initiatives were earlier announced as part of RBI’s bi-monthly statement on development and regulatory policies in April 2023, April 2024 and December 2023, respectively.
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The retail direct portal was launched in November 2021 to facilitate retail investors to open their Retail Direct Gilt accounts with the Reserve Bank of India under the Retail Direct Scheme.
The RBI launched retail direct portal in November 2021 to facilitate retail investors to open their Retail Direct Gilt accounts with the Reserve Bank of India under the Retail Direct Scheme.