
Currently, the Reserve Bank of India (RBI) has made available 60 application forms on the PRAVAAH portal. This portal, which stands for Platform for Regulatory Application, VAlidation and AutHorisation, is a secure and centralized web-based platform. It allows individuals and entities to seek authorization, licenses, or regulatory approvals from the RBI. These application forms cover various regulatory and supervisory departments of the RBI.
In addition to the PRAVAAH portal, RBI Governor Shaktikanta Das also introduced two other initiatives. The first is a retail direct mobile app, which provides retail investors with easy access to the retail direct platform. This platform allows investors to transact in government securities (G-Secs) conveniently. Previously, the RBI launched the retail direct portal in November 2021 to facilitate investment in government securities by individual investors. Now, with the mobile app, investors can perform G-Sec transactions directly from their smartphones.
Lastly, the RBI has established a fintech repository. This repository contains information on Indian fintech firms and aims to enhance understanding of the fintech sector from a regulatory perspective. It will assist in designing appropriate policy approaches for the sector.