On Sunday, Prime Minister Narendra Modi praised the Reserve Bank of India (RBI) for receiving the Digital Transformation Award 2025, which was given by London’s Central Banking. The Prime Minister congratulated the RBI on X, calling it a remarkable achievement highlighting the focus on innovation and efficient governance.
PM Modi further added that digital advancements are strengthening India's financial system and positively impacting many lives.
RBI Wins Digital Transformation Award 2025
This award was given to the RBI in appreciation of its Pravaah and Sarthi digital projects, which have transformed internal and external procedures by drastically cutting down on paper-based submissions. According to Central Banking's statement, these efforts have been crucial in improving the RBI's efficiency and simplifying procedures.
What is RBI’s Sarthi System?
Named after the Hindi word for "charioteer," the Sarthi system was introduced in January 2023 with the goal of digitizing all of RBI's internal processes. Through reports and dashboards, it improves data analysis and record management by allowing staff members to safely store and exchange information.
What is RBI Pravaah System?
The Pravaah system, which translates to "smooth flow" in Hindi, was implemented in May 2024 as an extension of this framework. Through a smooth integration with the Sarthi database, this technology enables external users to electronically submit regulatory applications for processing in RBI offices. With the help of centralized cybersecurity and tracking systems, the shift to a fully digital infrastructure has greatly increased efficiency and transparency.
RBI Recognized for Digital Initiatives
The RBI celebrated the accomplishment on X and praised its internal development team for developing and executing these projects.
The post uploaded by RBI on X read, “RBI was awarded and recognised for its initiatives, including Pravaah and Sarthi systems, that have been developed by in-house developer team. The awards committee noted how these digital initiatives have reduced use of paper-based submissions thus transforming RBI’s internal and external processes.”
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