Reserve Bank of India (RBI) will launch a secured web-based centralised portal named ‘PRAVAAH’ (Platform for Regulatory Application, Validation And AutHorisation) to simplify and streamline application processes.

• The portal will show time limits for deciding on the applications/approvals sought. This measure will bring greater efficiencies into regulatory processes and facilitate ease of doing business for the regulated entities of RBI.
• Gradually, it will be extended to all types of applications made to RBI across all functions, the central bank said in its statement on Developmental and Regulatory Policies.