RBI to launch Mobile App to facilitate Investment in Government Securities:

RBI to launch Mobile App to facilitate Investment in Government Securities The Governor of the Reserve Bank of India, Shaktikanta Das, revealed plans on Friday to build a mobile app for accessing the Retail Direct Scheme and engaging in the government securities market. Das stated in his monetary policy statement that the app will greatly improve convenience for retail investors and assist in the growth of the G-sec market. "It has now been planned to build a mobile app for accessing the Retail Direct portal. This will be more convenient for regular investors and expand the G-sec industry," he said. Currently, retail investors can invest in a variety of financial instruments via the retail direct portal, including central government securities, treasury bills, state government securities, sovereign gold bonds, and floating rate saving bonds. Retail investors will benefit from increased transparency and a streamlined process, according to market participants. They feel that the RBI's app will create a more equitable atmosphere in the G-sec market. However, some are concerned that it would disrupt the market and provide a significant threat to market intermediaries. Given that the RBI's app operates within a regulated environment, market players believe regular investors may feel more confident utilizing it. If the RBI's app offers lower transaction costs, or even zero-cost transactions, than other market intermediaries selling identical products, it may attract retail investors looking to maximize their profits, they added. As a regulator, the RBI guarantees compliance with regulatory standards and protects investor interests.