Samyag

Corporate Actions

Back

RBI governor say digital public platforms have proved to be central to inclusive growth in India

17-Oct-25 10:36 Hrs IST

Sanjay Malhotra, Governor, Reserve Bank of India has stated that digital Public Platforms have proved to be central to inclusive growth in India. He noted in a speech that the impact of such platforms on welfare transfers, democratisation of payments and deepening of financial inclusion has, indeed, been transformative. During India's G20 Presidency, Digital Public Platforms were formally defined as a set of shared digital systems built upon minimal, modular digital building blocks that can be utilized by governments, businesses, academia, and civil society to facilitate society-wide development.

India's Digital Public Platforms constitute a well-structured, multi-layered system of interconnected digital building blocks including digital identity through Aadhaar, instant payment systems via the Unified Payments Interface (UPI), and secure data sharing through the Data Empowerment and Protection Architecture (DEPA). Around 85% of the digital payment transactions in India today are carried out through UPI. About 20 billion transactions are made using UPI every month, representing value equivalent to over 280 billion USD, he noted further.

Powered by Capital Market - Live News

Attention Investors: Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.|| KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.|| No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.