newsdesk:
The Reserve Bank of India (RBI) May 28, launched the Flow Portal, RBI Retail Direct Mobile Application and Fintech Repository to make things easier for retail investors and others. These three RBI initiatives will provide a major relief to retail investors in the near future. The central bank's move is aimed at streamlining the process of applying for approval of regulatory rules and promoting investor participation in the securities market.
With the launch of RBI's flow portal, retail investors will be able to buy and sell securities easily through their mobile phones. The RBI launched the flow portal in 2021. Facilitates the buying and selling of securities in the secondary market. According to the statement, the target of the fintech repository is to obtain essential information about financial technology entities, their activities, technology usage etc. for the purpose of taking regulatory approach and appropriate policy stance.
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