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RBI’s PRAVAAH Portal
Context
The Reserve Bank of India (RBI) has introduced three key initiatives: the PRAVAAH portal, the Retail Direct Mobile App, and a FinTech Repository. These initiatives aim to facilitate easier interaction between individuals, entities, and the apex bank.
About PRAVAAH Portal
- The PRAVAAH (Platform for Regulatory Application, Validation, and Authorisation) portal allows individuals and entities to apply online for various regulatory approvals.
- It is a secure, centralized web-based portal for seeking authorization, licenses, or regulatory approvals from the RBI.
- Benefits: The portal is designed to improve the efficiency of the RBI's regulatory approval and clearance processes.
Fact Box:Retail Direct Mobile App
FinTech Repository
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