Starting May 1, 2025, the Reserve Bank of India (RBI) requires all financial institutions to use the PRAVAAH portal for regulatory applications, aiming to streamline processes and enhance transparency.
• Centralized platform for licenses and approvals.
• Real-time tracking of application status.
• Enhanced efficiency in regulatory compliance.
Why this matters: PRAVAAH (Platform for Regulatory Application, Validation, and Authorisation) is a secure web portal launched by the RBI on May 28, 2024. It streamlines, speeds up, and adds transparency to regulatory applications for individuals and businesses.
Read more: Times of India
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