RBI's retail direct, integrated ombudsman schemes off to a good start

Over 35,000 registrations on retail direct platform; complaints under new ombudsman rise steadily, some coming via emails

The Reserve Bank of India’s retail direct scheme is off to a good start but the central bank itself does not see it as an alternative to existing investment avenues, but an additional avenue.

Still, a reasonable expectation is to have at least 100,000 investors within a month of it being operational, and that could be well under way, if the latest trend is to sustain.  

Registrations on the retail direct platform have crossed 35,000. The idea is to fetch more participation from high net worth individuals and pensioners looking for safety of their investments.  

Regular retail traders will take