​RBI Launches Three New Initiatives

On 29th May, 2024, the Reserve Bank of India (RBI) launched three major initiatives: 1. PRAVAAH portal, 2. Retail Direct Mobile App and 3.FinTech Repository.

  • Aim: Enhancing public access to the central bank and facilitating regulatory approvals and transactions.

The Initiatives

1. ‘PRAVAAH’ (Platform for Regulatory Application, VAlidation And AutHorisation) Portal

  • It is a secure and centralized web-based portal for any individual or entity to seek authorization, license, or regulatory approval on any reference made by it to the Reserve Bank.
  • Application Forms: At present, 60 application forms covering different regulatory and supervisory departments of RBI have been made available on the ....

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