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‘Pravaah Portal’, recently seen in the news, is launched by which institution?
- a)Small Industries Development Bank of India
- b)National Bank for Agriculture and Rural Development
- c)Reserve Bank of India
- d)NITI Aayog
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
‘Pravaah Portal’, recently seen in the news, is launched b...
Context: The Reserve Bank of India (RBI) launched three major initiatives.
- G-Sec Mobile App: Enables retail investors to transact in government securities (G-Secs) using smartphones.
- PRAVAAH Portal: A centralized web-based platform for individuals or entities to apply for authorizations, licenses, or regulatory approvals from the RBI, enhancing efficiency in processing applications.
- Fintech Repository: A data storehouse for Indian FinTech firms to help understand the sector better and design appropriate policies. Additionally, the EmTech Repository for RBI-regulated entities will track the adoption of emerging technologies like AI and blockchain.
Most Upvoted Answer
‘Pravaah Portal’, recently seen in the news, is launched b...
Introduction to Pravaah Portal
The 'Pravaah Portal' is a significant initiative launched by the Reserve Bank of India (RBI). It aims to enhance the efficiency and transparency of the banking sector in India, particularly focusing on the grievance redressal mechanism.
Key Features of the Pravaah Portal
- Grievance Redressal: The portal is designed to facilitate customers in raising complaints and seeking resolutions regarding banking services. It serves as a centralized platform for consumers to express their grievances.
- Transparency: By streamlining the complaint process, the Pravaah Portal promotes transparency between banks and customers, ensuring that issues are addressed promptly.
- Accessibility: The portal is user-friendly and accessible to all bank customers, allowing them to navigate the system easily and track their complaints.
- Real-Time Updates: Users receive real-time updates about the status of their complaints, enhancing customer satisfaction and trust in the banking system.
Significance of the Initiative
The launch of the Pravaah Portal underscores the RBI's commitment to improving customer service in the banking sector. It reflects a broader effort to leverage technology in addressing consumer needs and fostering a responsive banking environment.
Conclusion
In conclusion, the Pravaah Portal represents a critical advancement in the Indian banking landscape, initiated by the Reserve Bank of India. It aims to empower consumers and ensure that their grievances are effectively managed, thus enhancing the overall banking experience in the country.
The 'Pravaah Portal' is a significant initiative launched by the Reserve Bank of India (RBI). It aims to enhance the efficiency and transparency of the banking sector in India, particularly focusing on the grievance redressal mechanism.
Key Features of the Pravaah Portal
- Grievance Redressal: The portal is designed to facilitate customers in raising complaints and seeking resolutions regarding banking services. It serves as a centralized platform for consumers to express their grievances.
- Transparency: By streamlining the complaint process, the Pravaah Portal promotes transparency between banks and customers, ensuring that issues are addressed promptly.
- Accessibility: The portal is user-friendly and accessible to all bank customers, allowing them to navigate the system easily and track their complaints.
- Real-Time Updates: Users receive real-time updates about the status of their complaints, enhancing customer satisfaction and trust in the banking system.
Significance of the Initiative
The launch of the Pravaah Portal underscores the RBI's commitment to improving customer service in the banking sector. It reflects a broader effort to leverage technology in addressing consumer needs and fostering a responsive banking environment.
Conclusion
In conclusion, the Pravaah Portal represents a critical advancement in the Indian banking landscape, initiated by the Reserve Bank of India. It aims to empower consumers and ensure that their grievances are effectively managed, thus enhancing the overall banking experience in the country.
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‘Pravaah Portal’, recently seen in the news, is launched by which institution?a)Small Industries Development Bank of Indiab)National Bank for Agriculture and Rural Developmentc)Reserve Bank of Indiad)NITI AayogCorrect answer is option 'C'. Can you explain this answer?
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‘Pravaah Portal’, recently seen in the news, is launched by which institution?a)Small Industries Development Bank of Indiab)National Bank for Agriculture and Rural Developmentc)Reserve Bank of Indiad)NITI AayogCorrect answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about ‘Pravaah Portal’, recently seen in the news, is launched by which institution?a)Small Industries Development Bank of Indiab)National Bank for Agriculture and Rural Developmentc)Reserve Bank of Indiad)NITI AayogCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for ‘Pravaah Portal’, recently seen in the news, is launched by which institution?a)Small Industries Development Bank of Indiab)National Bank for Agriculture and Rural Developmentc)Reserve Bank of Indiad)NITI AayogCorrect answer is option 'C'. Can you explain this answer?.
‘Pravaah Portal’, recently seen in the news, is launched by which institution?a)Small Industries Development Bank of Indiab)National Bank for Agriculture and Rural Developmentc)Reserve Bank of Indiad)NITI AayogCorrect answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about ‘Pravaah Portal’, recently seen in the news, is launched by which institution?a)Small Industries Development Bank of Indiab)National Bank for Agriculture and Rural Developmentc)Reserve Bank of Indiad)NITI AayogCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for ‘Pravaah Portal’, recently seen in the news, is launched by which institution?a)Small Industries Development Bank of Indiab)National Bank for Agriculture and Rural Developmentc)Reserve Bank of Indiad)NITI AayogCorrect answer is option 'C'. Can you explain this answer?.
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