RBI Governor Shaktikanta Das on
Tuesday (May 28) Launched three major digital initiatives namely PRAVAAH portal, retail direct mobile app and Fintech repository.
The FinTech and EmTech Repositories are secure web-based applications, managed by the Reserve Bank Innovation Hub (RBIH), a wholly owned subsidiary of RBI.
PRAVAAH Portal: Platform for Regulatory Application, Validation and
Authorisation is a centralised web-based portal for individuals and entities to apply for authorisation, license or various regulatory
approvals from the RBI.
At present, 60 application forms covering
different regulatory and supervisory departments of RBI have been made
available on the portal.
Retail direct mobile app: RBI launched the retail direct portal in November
2021 to facilitate investment in government securities by individual investors.
With the launch of the retail direct mobile app, retail investors can now
transact in G-Secs using the mobile app on their smartphones.
FinTech Repository: Aims to collect information regarding FinTech entities, their activities, technology applications, etc. It is intended to serve as rich repository of data on Indian FinTech firms (both regulated and unregulated), a repository which would be useful for both policymakers and participating industry members. can be accessed at https://fintechrepository.rbihub.in
EmTech Repository: Repository exclusively for RBI-regulated entities (banks and NBFCs) on their adoption of emerging technologies (like AI, ML, Cloud Computing, DLT, Quantum, etc.) can be accessed at https://emtechrepository.rbihub.in