🏦 RBI Launches PRAVAAH Portal for Financial Institutions
RBI Mandates PRAVAAH Portal for Financial Institutions

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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