RBI launched the PRAVAAH portal; the Retail Direct Mobile App; and a FinTech Repository. These initiatives are aimed to enhance regulatory processes and financial access. The PRAVAAH portal streamlines online applications for regulatory approvals, improving efficiency. The Retail Direct Mobile App allows retail investors to conveniently trade government securities (G-Secs) via their smartphones. The FinTech Repository gathers essential data on the Indian FinTech sector to aid in policy development. These tools are expected to improve the regulatory environment and facilitate market participation.
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