PRAVAAH Portal | 30 May 2024

Recently, the Reserve Bank of India (RBI) has launched 3 major initiatives:

PRAVAAH (Platform for Regulatory Application, VAlidation and AutHorisation) Portal: A secure and centralised online platform (web-based portal) for individuals and entities to apply for various regulatory approvals from the RBI.
- This streamlines the process by offering a single point of contact and aims to improve the efficiency of RBI's regulatory approvals.
Retail Direct Mobile App: Provides retail investors with convenient access to the Retail Direct platform for easy investment in government securities (G-Secs) directly from their smartphones.
FinTech Repository: A web-based database containing comprehensive data on Indian FinTech firms, facilitating better understanding of the FinTech landscape for regulatory purposes.
Additionally, the RBI launched the EmTech Repository, focusing on the adoption of emerging technologies (Artificial Intelligence, Machine Learning, Cloud Computing, etc.) by RBI-regulated entities like banks and NBFCs.
- Both FinTech and EmTech repositories are secure web applications managed by the RBIH (Reserve Bank Innovation Hub).