Question
What is the primary function of SEBI’s newly launched
MITRA platform?Solution
SEBI launched MITRA (Mutual Fund Investment Tracing and Retrieval Assistant) to help investors track inactive and unclaimed mutual fund folios. A folio is classified inactive if no transactions occur for 10 years. MITRA allows rightful claimants to retrieve lost investments.
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The Reserve Bank of India has increased the threshold limit for Banks to maintain Liquidity Coverage Ratio (LCR) on deposits and other extension of ...
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