The Reserve Bank of India (RBI) has announced that, starting 1st May, 2025, the use of the PRAVAAH portal will be mandatory for all regulatory applications, licenses, and approvals.
This directive applies to all supervised entities, including cooperative banks, non-banking financial companies (NBFCs), and other financial institutions under its purview.
Platform for Regulatory Application, Validation, and Authorization (PRAVAAH) was introduced in May 2024 to digitize and streamline regulatory submissions. The portal aims to centralise processes, enhance transparency, and significantly reduce approval timelines. Despite its availability, many institutions continued offline practices, prompting the central bank to enforce its compulsory usage.
With features such as real-time application tracking, downloadable forms, and user assistance tools, PRAVAAH is positioned to improve regulatory oversight and bring greater uniformity across India’s financial ecosystem.
The move is particularly significant for cooperative and rural banks, which are expected to benefit from more efficient and accessible compliance processes.
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