New Delhi: Prime Minister Narendra Modi on Sunday hailed as a “commendable accomplishment” the Reserve Bank of India being selected for the Digital Transformation Award 2025, and said it reflects an emphasis on innovation and efficiency in governance.
In a post on X, the Reserve Bank of India (RBI) said it has been selected for the Digital Transformation Award 2025 by Central Banking, London, UK.
“RBI was awarded and recognized for its initiatives, including Pravaah and Sarthi systems, that have been developed by an 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,” the post read.
Sarthi was launched in January 2023, digitized RBI’s internal workflows, enabling its employees to store and share documents securely, improving record management, and increasing the options for data analysis through reports and dashboards.
Sarthi has helped the RBI boost operational efficiency by automating processes. It allows task and performance tracking, improved collaboration, and integration with other RBI systems.
Launched in May 2024 as Pravaah, a digitized means was created for external users to submit regulatory applications to the RBI. Documents submitted and processed through the portal are plugged into the Sarthi database, where they can be handled digitally across RBI offices, with centralized cybersecurity systems and digital tracking.
Pravaah has so far allowed more than 70 different regulatory applications to be digitized, supporting the work of nine RBI departments. Between its launch in May and the end of 2024, over 2,000 applications had been filed through the system, marking an 80 percent increase in monthly applications, partly due to the increased ease of use provided by the portal.
