RBI on Friday asked all applicants, including Regulated Entities (REs), to use the PRAVAAH platform for submitting applications for regulatory authorisations, licences, and approvals with effect from May 1, 2025.
To this end, it had launched PRAVAAH (Platform for Regulatory Application, Validation And Authorisation) portal on May 28, 2024, to streamline online applications for regulatory authorisations, licenses, and approvals ensuring seamless, secure and faster delivery of services in a transparent manner.
In a statement, the Reserve Bank said it is committed to achieving end-to-end digitization of all internal workflows involved in regulatory approval processes to enhance efficiency, transparency, and timeliness in service delivery.
The story "RBI to mandate application submissions via Pravaah portal from May 1" has 356 words across 13 sentences, which will take approximately 2 - 3 minutes for the average person to read.
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