The Reserve Bank of India (RBI) has been recognized with the Digital Transformation Award 2025 by Central Banking, London, for its innovative digital initiatives—Pravaah and Sarthi. The awards committee noted how these digital initiatives have reduced the use of paper-based submissions, thus transforming RBI’s internal and external processes.
Sarthi (Launched: January 2023)
- A workflow digitization system for RBI’s internal processes.
- Enhances document management, record-keeping, and data analysis through reports and dashboards.
- Improves task tracking, collaboration, and integration with other RBI systems.
- Boosts operational efficiency by automating processes and reducing reliance on paper-based workflows.
Pravaah (Launched: May 2024)
- A digital platform for external regulatory applications submitted to RBI.
- Allows stakeholders, businesses, and financial institutions to submit and track applications online.
- Documents from Pravaah are integrated into Sarthi, enabling end-to-end digital handling across RBI offices.
- Features centralized cybersecurity systems and digital tracking for enhanced security and transparency.
(Source: News On Air)
