RBI Mandates Use of PRAVAAH Portal for Regulatory Applications from May 2025
| Aspect | Details |
|---|---|
| Organisation | Reserve Bank of India (RBI) |
| Portal Name | PRAVAAH (Platform for Regulatory Application, Validation, and Authorization) |
| Launch Date | May 28, 2024 |
| Mandate Effective From | May 1, 2025 |
| Objective | Streamline, digitize, and enhance transparency in regulatory approvals |
| Key Features | Single-window platform, application tracking, user manuals, FAQs, tutorials |
| Entities Covered | Scheduled Commercial Banks, NBFCs, Payment System Operators, etc. |
| Applications Processed | Around 4,000 since launch |
| Purpose | Reduce manual submissions, increase efficiency, and speed up approvals |