MUMBAI, India, April 11 -- Reserve Bank of India issued the following press release:
The Reserve Bank is committed to achieving end-to-end digitization of all internal workflows involved in regulatory approval processes to enhance efficiency, transparency, and timeliness in service delivery. To this end, the Reserve Bank had launched PRAVAAH (Platform for Regulatory Application, Validation And AutHorisation) portal on May 28, 2024 to streamline online applications for regulatory authorisations, licenses, and approvals ensuring seamless, secure and faster delivery of services in a transparent manner.
2. Adoption of PRAVAAH has seen steady progress and has so far facilitated submission of more than 3000 applications/requests. The portal ena...