RBI Initiate to Use PRAVAAH portal from 1st May to All Stakeholders:
To streamline, digitize, and enhance transparency in the regulatory approval process, the RBI had introduced the PRAVAAH portal in May 2024. Now, to improve compliance and efficiency, the RBI has made it mandatory for all regulated entities to use this online platform for all applications, effective May 1, 2025. The move is part of RBI’s broader push toward digital governance in the financial sector.The Reserve Bank of India (RBI) has issued a mandate requiring all banks, financial institutions, and regulated entities to compulsorily submit applications for licenses, authorizations, and approvals through the PRAVAAH portal from May 1, 2025.
