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RBI wins global award for digital innovation

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March 19, 2025

RBI wins global award for digital innovation

RBI wins global award for digital innovation

Prime Minister Narendra Modi on Sunday applauded Reserve Bank of India (RBI) for winning Digital Transformation Award 2025.

Details:-

The RBI has been honored with the Digital Transformation Award 2025 by Central Banking, London, UK, recognising its innovative digital initiatives-Pravaah and Sarthi-developed by its in-house developer team.

"The Reserve Bank of India has been selected for the Digital Transformation Award 2025 by Central Banking, London, UK.

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."

What is Sarthi and Pravaah?

The Sarthi system, named after the Hindi word for 'charioteer', was launched in January 2023 to digitise all of RBI's internal workflows.

It enables employees to securely store and share documents, improving record management and enhancing data analysis through reports and dashboards.

Building upon this foundation, the Pravaah system, meaning 'smooth flow' in Hindi, was introduced in May 2024.

This platform allows external users to submit regulatory applications digitally, seamlessly integrating with the Sarthi database for processing within RBI's offices.

The transition to a fully digital infrastructure, supported by centralised cybersecurity and tracking mechanisms, has significantly improved transparency and efficiency.

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