Mumbai: Following initiatives by financial regulators such as the Securities and Exchange Board of India (SEBI) and Reserve Bank of India (RBI), the Central Depository Services (India) Limited (CDSL) has announced the third edition of its 'Reimagine Ideathon' to encourage young innovators to contribute their perspectives to bring more Indians into the formal financial markets.

The event will reward innovation and creativity, with a total prize pool of Rs 11.5 lakh, including Rs five lakh for the winning idea, and other prizes. Registrations for the event opened on November 19, and teams of up to four students and one mentor (from the same institute) can participate.

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CDSL stated that the

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