ARTICLE · 07 MAY 2025

AKP Banking & Finance Digest May 05, 2025

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We are delighted to share this week's AKP Banking & Finance Weekly Digest.

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We are delighted to share this week's AKP Banking & Finance Weekly Digest. Please feel free to write to us with your feedback at [email protected]. We shall now be hosting our weekly updates at Spotify!

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1. Regulatory Updates

1.1. India

Reserve Bank of India (RBI)

1.1.1. RBI provides clarification on PRAVAAH

The Reserve Bank of India ("RBI") has directed all regulated entities, including banks, Non-Banking Financial Companies (NBFCs), and payment operators, to submit applications for regulatory authorisations, licenses, and approvals exclusively through the Platform for Regulatory Application, Validation and Authorisation ("PRAVAAH") portal effective May 1, 2025.

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