​RBI Launches Three New Initiatives

On 29th May, 2024, the Reserve Bank of India (RBI) launched three major initiatives: 1. PRAVAAH portal, 2. Retail Direct Mobile App and 3.FinTech Repository.

  • Aim: Enhancing public access to the central bank and facilitating regulatory approvals and transactions.

The Initiatives

1. ‘PRAVAAH’ (Platform for Regulatory Application, VAlidation And AutHorisation) Portal

  • It is a secure and centralized web-based portal for any individual or entity to seek authorization, license, or regulatory approval on any reference made by it to the Reserve Bank.
  • Application Forms: At present, 60 application forms covering different regulatory and supervisory departments of RBI have been made available on the ....

Do You Want to Read More?
Subscribe Now
To get access to detailed content
Buy August 2024 Issue

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Related Content

Economy Watch