🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

RBI To Roll Out Mobile App For Retail Investors To Invest In Govt Securities

Inc42Inc42 · 1y ago
RBI To Roll Out Mobile App For Retail Investors To Invest In Govt Securities
Medial

The Reserve Bank of India (RBI) has announced the launch of a mobile application for retail investors to participate in government securities (G-Secs) market. The RBI Retail Direct Scheme, launched in November 2021, aims to provide convenience to retail investors and deepen the G-Sec market. The mobile app will streamline access to the Retail Direct portal, enhancing convenience and fostering deeper engagement with the G-Secs market. Additionally, the RBI has proposed allowing cash deposits through UPI in cash deposit machines and enabling UPI payments from prepaid payment instruments (PPI) wallets through third-party UPI apps, aiming to increase customer convenience and digital payment adoption.

Mobikwik secures SEBI nod to launch stockbroking operations

EntrackrEntrackr · 1m ago
Mobikwik secures SEBI nod to launch stockbroking operations
Medial

Mobikwik secures SEBI nod to launch stockbroking operations Fintech firm Mobikwik has received approval from the Securities and Exchange Board of India (SEBI) to operate as a stockbroker and clearing member through its wholly owned subsidiary, Mobikwik Securities Broking Private Limited (MSBPL). The regulatory clearance, granted under SEBI’s Stock Broker Regulations, 1992, allows the company to buy, sell, and deal in securities on behalf of clients, as well as carry out clearing and settlement of trades. MSBPL may also undertake other exchange-approved activities. Mobikwik had incorporated MSBPL in March 2025, marking its formal entry into the capital markets ecosystem. With this move, the company joins the crowded stock broking space dominated by platforms such as Groww, Zerodha, AngelOne, Upstox, and ICICI Direct. Groww currently leads the sector in terms of active user base, followed by Zerodha and AngelOne. The development signals Mobikwik’s continued push to diversify beyond payments into broader financial services. Soon after launching MSBPL, the company set up a wholly owned NBFC subsidiary, while another subsidiary, Zaakpay, received RBI approval to operate as a payment aggregator.

Govt forms Inter-ministerial committee to strengthen fintech ecosystem

EntrackrEntrackr · 4m ago
Govt forms Inter-ministerial committee to strengthen fintech ecosystem
Medial

The Government of India has constituted an Inter-Ministerial-Industry Committee on Fintech (IMICF) to address key issues in the fintech sector and recommend measures to enhance its ecosystem, according to a government order reviewed by Entrackr. The decision has been taken with the approval of the Hon’ble Finance Minister. The newly formed committee will be chaired by the Secretary, Department of Financial Services (DFS) and will include representatives from the Ministry of Electronics & Information Technology (MeitY), Department for Promotion of Industry and Internal Trade (DPIIT), Department of Economic Affairs (DEA), NITI Aayog, Reserve Bank of India (RBI), and Securities Exchange Board of India (SEBI). Additionally, industry experts such as Ajay Kaushal (Bill Desk), Jitendra Gupta (Jupiter), Varun Dua (Acko General Insurance), Lalit Keshre (Groww), Vishnu Pillai (KPMG), and Ashish Garg (McKinsey) will also be part of the committee. The newly constituted committee has been tasked with assessing the growth of the fintech sector and its contribution to the broader Banking, Financial Services, and Insurance (BFSI) industry. It will examine challenges faced by fintech companies, review existing policies and regulations, and analyze global best practices in fintech governance. Based on these insights, the committee will develop a long-term vision strategy and propose recommendations to enhance the fintech ecosystem in India. The committee is expected to submit its report within three months from the date of its first meeting. The CS&FT section of the Department of Financial Services (DFS) will act as the secretariat for the committee.

Download the medial app to read full posts, comements and news.