New Delhi, April 29 -- The Reserve Bank of India (RBI) has issued a directive requiring all banks, financial companies, and other regulated entities to exclusively use the PRAVAAH portal for submitting applications for authorisations, licenses, and approvals effective May 1, 2025.

In an official statement released on Monday, the central bank stated, "With effect from May 01, 2025, Regulated Entities are advised to use PRAVAAH for submitting applications for regulatory authorisations, licenses, approvals to the Reserve Bank using the application forms already available in the portal."

The statement further added, "All Regulated Entities are advised to adhere to the above instructions. Instructions related to accessing the portal, submiss...