RBI launches PRAVAAH portal for online application, approval

The Reserve Bank of India (RBI) Governor Shaktikanta Das, launched an online portal for regulatory applications and approvals, a mobile app for individuals for transacting in government securities, and two repositories for information on fintech and lenders.

The PRAVAAH (Platform for Regulatory Application, Validation and Authorisation) portal will enable individuals and entities to apply for authorisation and regulatory approvals.

Individuals and entities will be able to track and monitor the status of their application in the PRAVAAH portal, which is secure and centralised, and respond to any clarification or query sought by the regulator.

At present, 60 application forms covering different regulatory and supervisory departments of RBI have been made available on the portal.

RBI also launched an application for the Retail Direct portal, through which individuals can transact in government securities.