💨 Abstract

From May 1, 2025, all banks, financial companies, and regulated entities in India must use the PRAVAAH portal for submitting applications for authorisations, licenses, and approvals from the Reserve Bank of India (RBI). The secure, web-based portal, launched in 2024, aims to streamline the application process, increase transparency, and ensure faster processing.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖