Q. PRAVAAH portal was launched by which institution?
Answer: Reserve Bank of India (RBI)
Notes: The Reserve Bank of India (RBI) has made it mandatory for all banks, financial institutions, and regulated entities to submit applications through the PRAVAAH portal from May 1, 2025. PRAVAAH stands for Platform for Regulatory Application, Validation, and Authorization. It is a secure, web-based digital portal launched by RBI on May 28, 2024. The portal serves as a single-window system for applying for RBI permissions, licenses, and approvals. This step aims to improve transparency, reduce paperwork, and speed up the approval process. It ensures faster communication between applicants and the RBI.

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