Digital Transformation Award 2025

March 18, 2025

Reserve Bank of India (RBI) received the Digital Transformation Award 2025 from Central Banking, London for its successful digital initiatives.
Recognition for Pravaah and Sarthi, developed in-house by RBI’s IT team, enhancing operational efficiency and reducing paper-based processes.
RBI’s Digital Initiatives:
Sarthi: Internal Digital Workflow System (Launched: January 2023)
- Eliminates paper-based processes, enabling secure digital submissions.
- Enhances collaboration through secure file sharing.
- Integrates advanced analytics for better decision-making.
- Acts as a unified database, replacing fragmented manual/digital systems.
Pravaah: Digital Regulatory Application Portal (Launched: May 2024)
- Digitized 70+ regulatory applications for seamless submission.
- Integrated with Sarthi, ensuring smooth processing.
- Implemented centralized cybersecurity for enhanced security.
- By end of 2024, 2,000+ applications filed; 80% increase in monthly submissions.
Impact of RBI’s Digital Transformation:
- Faster Processing: Reduces manual errors and improves efficiency.
- Stronger Cybersecurity: Continuous monitoring ensures data safety.
- Enhanced Collaboration: IT team worked closely with RBI staff for smooth adoption.
- Operational Excellence: Streamlined internal and external workflows.