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RBI launches PRAVAAH Portal, Retail Direct Mobile App, and FinTech Repository
Banking Frontiers
|July 2024
In a significant move aimed at enhancing the accessibility and efficiency of financial services, the Reserve Bank of India (RBI) has launched three major initiatives: the PRAVAAH portal, the Retail Direct Mobile App, and a FinTech Repository. The launch event was officiated by Shaktikanta Das, Governor of the RBI, in the presence of key officials and industry representatives.
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PRAVAAH Portal: The PRAVAAH (Platform for Regulatory Application, Validation, and Authorization) portal is designed to streamline the process of seeking regulatory approvals. This centralized, web-based platform allows individuals and entities to apply for authorizations, licenses, and other regulatory clearances. The portal's key features include online application submission, real-time tracking and monitoring of application status, response management for RBI queries, and timely decision notifications from the RBI. Initially, 60 application forms covering various regulatory and supervisory departments of t
Cette histoire est tirée de l'édition July 2024 de Banking Frontiers.
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