City
Epaper

Structural Reform: RBI gives retail investors direct access to G-sec market

By IANS | Updated: February 5, 2021 11:25 IST

Mumbai, Feb 5 The Reserve Bank of India (RBI) has decided to give retail investors direct access to ...

Open in App

Mumbai, Feb 5 The Reserve Bank of India (RBI) has decided to give retail investors direct access to the government securities market.

The major structural reform was announced by RBI Governor Shaktikanta Das on Friday.

According to Das, India will join a select group of countries offering such facility to investors.

The new arrangement, Retail Direct, will allow direct access to retail investors via the RBI.

This will allow such investors to open Gilt account with the apex bank.

( With inputs from IANS )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: FebruaryindiamumbaiReserve Bank Of IndiaThe finance ministry of indiaMonetary policy committee of the rbiCentral board of reserve bank of indiaReserve bank of india governorIndiFinance ministry and reserve bank of indiaUk-india
Open in App

Related Stories

MumbaiMumbai Fraud: Man Posing as BMC Official Held for Demanding Bribe Over Debris in Juhu

MumbaiMumbai Weather Update: Temperature Likely To Be 32 Degrees in City; AQI in 'Good' Category

MumbaiVirar Station Upgrade Completed: Platforms Expanded to Run 15-Coach Local Trains

MumbaiMumbai Fire: Blaze Erupts in Juhu Koliwada, One Injured

MumbaiMumbai Rain Update: Partly Cloudy Skies in City, Suburbs; IMD Issues Yellow Alert in Parts of Maharashtra

Business Realted Stories

BusinessIndian stock market surges over 3 pc over Iran ceasefire, Sensex jumps 2,775 points

BusinessStock Market Today: Sensex Jumps 2,500 Points Higher, Nifty Up 750 Points After US-Iran Ceasefire Deal

BusinessPM Modi highlights 11 years of PMMY, calls it a boost to self-employment among youth

BusinessS. Korea posts largest-ever current account surplus in Feb on chip upcycle

BusinessSeoul shares sharply up on US-Iran ceasefire