Shriram Capital Receives RBI Approval to Launch ARC
The Reserve Bank of India (RBI) Governor Shaktikanta Das has unveiled three major initiatives: the Pravaah portal, the Retail Direct Mobile App, and a FinTech Repository. These initiatives, previously announced in the RBI’s bi-monthly Statement on Development and Regulatory Policies in April 2023, April 2024, and December 2023, aim to enhance regulatory processes, provide easier access to government securities for retail investors, and improve the understanding of the FinTech sector.
The Pravaah portal is designed to streamline the application process for various regulatory approvals. It allows individuals and entities to apply online, enhancing the efficiency of the processes related to granting approvals and clearances by the Reserve Bank.
The Retail Direct Mobile App aims to provide retail investors with seamless access to the retail direct platform. It simplifies the process of transacting in government securities (G-Secs), making it more convenient for individual investors.
The FinTech Repository is a comprehensive database of Indian FinTech firms. This repository is intended to offer a better understanding of the sector from a regulatory perspective and aid in the formulation of appropriate policy approaches.
On April 5, 2025, President Droupadi Murmu gave her assent to the Waqf (Amendment) Act,…
On April 6, 2025, Prime Minister Narendra Modi inaugurated the New Pamban Bridge in Tamil…
The SBI Clerk Mains Exam 2025 is expected to be conducted in April 2025, and…
Ram Navami is a very special Hindu festival that celebrates the birth of Lord Ram.…
Seema Agrawal, a senior Indian Police Service (IPS) officer, has been appointed as the new…
Tamil Nadu has achieved the highest real economic growth rate in India for the year…