India News
The Reserve Bank of India (RBI) has been honored with the prestigious Digital Transformation Award 2025 by Central Banking, London, UK. The recognition comes for RBI's innovative digital initiatives, Pravaah and Sarthi, developed by its in-house team. These systems have significantly reduced paper-based submissions, streamlining both internal and external processes.
The awards committee praised RBI’s efforts in leveraging technology to enhance efficiency and governance. Reacting to this achievement, Prime Minister Narendra Modi lauded the RBI, stating, "A commendable accomplishment, reflecting an emphasis towards innovation and efficiency in governance. Digital innovation continues to strengthen India’s financial ecosystem, thus empowering countless lives."
This achievement highlights RBI's commitment to embracing digital transformation, contributing to the growth and modernization of India's financial sector. The award further solidifies India’s position as a leader in fintech innovation on the global stage.
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