Which portal was launched by the RBI to process regulatory approvals, licenses, and the surrender of NBFC certificates ?
PRAVAAH
PRAVAAH, the Platform for Regulatory Application, Validation And AutHorisation, is the Reserve Bank's single window for regulatory applications. Banks, NBFCs and other regulated entities file here for licences, approvals and the surrender of certificates of registration, and can track each application to completion.
Before PRAVAAH such applications moved on paper through different departments with no common status view, so the portal's value is a uniform electronic workflow with defined turnaround timelines.
The other RBI systems serve unrelated purposes. e-Kuber is the RBI's core banking solution used for government and interbank transactions. DAKSH is the supervisory monitoring platform through which the RBI tracks compliance by regulated entities. UDGAM is the public portal for searching unclaimed deposits lying across banks.
Hence, the answer is PRAVAAH.
Similar Questions
Which of the following pairs of centralized electronic fund transfer systems was introduced by the Reserve Bank of India (RBI) in 2004 and 2005 respectively to modernize large-value and retail electronic payments ?
Important Questions from Money and Banking
Which one of the following is likely to be the most inflationary in its effects?
Which one of the following effects of creation of black money in India has been the main cause of worry to the Government of India?
Consider the following statements :
The effect of devaluation of a currency is that it necessarily
1. improves the competitiveness of the domestic exports in the foreign markets
2. increase the foreign value of domestic currency
3. improves the trade balance
Which of the above statements is/are correct?
Indian Government Bond Yields are influenced by which of the following?
1. Actions of the United States Federal Reserve
2. Actions of the Reserve Bank of India
3. Inflation and short-term interest rates
Select the correct answer using the code given below.
With reference to “Urban Cooperative Banks" in India, consider the following statements :
1. They are supervised and regulated by local boards set up by the State Governments.
2. They can issue equity shares and preference shares.
3. They were brought under the purview of the Banking Regulation Act, 1949 through an Amendment in 1966
Which of the statements given above is/are correct?
