New Delhi
The Reserve Bank of India (RBI) has asked all banks, financial companies and other regulated institutions from May 1, 2025 to use the flow portal to submit any application related to authority, license and approval. In an official statement issued on Monday, RBI said, “From May 01, 2025, regulated institutions are advised to use the flow to submit the application for regulatory authority, license, approval using already available application forms in the portal.
It also said, “All regulated institutions are advised to follow the above instructions. Instructions related to reaching the portal, submission of application and tracking etc. are available only on the portal.” Flow means platform for regulatory application, verification and authority. It is a safe, web-based portal launched by RBI on May 28, 2024. The purpose of Pravaah (Platform for Regulatory Application, Validation, and Authorization) is to provide a single, safe and streamlined platform. Where individuals and companies can apply from RBI for various permissions.
Since its launch, Pravaah has received around 4,000 applications and requests. However, RBI noticed that some banks and financial companies were still submitting applications outside the portal using old methods. To ensure sharp processing and improve transparency, RBI has now made it mandatory for all regulated institutions to use only Pravaah portal.
The rule applies to scheduled commercial banks (including small finance banks, local sector banks and regional rural banks), urban cooperative banks, state cooperative banks, central cooperative banks, all India financial institutions, non-banking financial companies (including housing finance companies), primary dealers, payment system operators and credit information companies.
The Pravaah portal provides all the required application forms. Users can easily find instructions to submit and track their application directly on the platform. The RBI has also provided a user booklet, frequently asked questions (FAQ) list and video tutorials for separate assistance. The central bank aims to make the process of obtaining regulatory approval faster, more transparent and efficient.