In Brief:
The Reserve Bank of India (RBI) has introduced three initiatives:
- The PRAVAAH portal for streamlined regulatory approvals
- The Retail Direct Mobile App for easier access to government securities for retail investors
- A Fintech Repository to enhance transparency and collaboration in the fintech sector.
These initiatives aim to improve efficiency, security, and innovation within the financial industry, earning praise from industry leaders for fostering a more competitive and inclusive financial environment.
