RBI News – On April 11, 2025, the RBI, under Governor Sanjay Malhotra, mandated that all regulatory applications be submitted via the PRAVAAH portal starting May 1, 2025.
RBI Mandates PRAVAAH Portal for Regulatory Approvals in 2025
The Platform for Regulatory Application, Validation, and Authorization aims to streamline processes, enhance transparency, and reduce processing times.
Malhotra highlighted PRAVAAH’s role in modernizing regulatory oversight. The portal was expected to benefit banks, NBFCs, and other entities by simplifying compliance. Industry experts praised the initiative for boosting efficiency.
The move aligned with the RBI’s digital transformation goals, ensuring seamless handling of licenses and approvals. This step under Malhotra’s leadership reinforced the RBI’s commitment to leveraging technology for robust financial governance, setting a benchmark for regulatory efficiency.
