The Reserve Bank of India (RBI) has been honored with the Digital Transformation Award 2025 by Central Banking, London, in recognition of its groundbreaking digital initiatives, Sarthi and Pravaah.
Key Highlights:
- Sarthi, launched in January 2023, revolutionized RBI’s internal workflows by digitizing document sharing, enhancing data analysis, and improving record management across its vast network.
- Pravaah, introduced in May 2024, streamlined external regulatory applications, offering real-time tracking and analytics for over 70 regulatory processes.
These initiatives have significantly reduced paper-based submissions, increased efficiency, and modernized RBI’s operations, making it one of the most digitally advanced central banks globally. The award reflects RBI’s commitment to innovation and its vision of a future-proof financial ecosystem.
